Nexar

Nexar

Offers a community-based AI dashcam app that helps drivers protect themselves on the road and provides documentation, recorded video, and situational reconstruction in case of an accident.

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$22.0m

Valuation: $265m

Late VC
Total Funding000k
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More about Nexar
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Nexar is a technology startup that operates in the automotive industry, providing advanced dash cam solutions for individual car owners and fleet operators. The company's primary product is a 4K connected dash cam that records both the road and the cabin, offering a comprehensive view of the vehicle's surroundings and interior. This dash cam is always on, serving as a reliable witness to any incidents that may occur on the road.

In addition to the dash cam, Nexar offers a companion app that allows users to view their video history, monitor their car when they're not around, and receive smart alerts about significant events. This app enhances the value of the dash cam by providing a user-friendly interface for accessing and managing the recorded footage.

For businesses with three or more vehicles, Nexar offers a specialized solution called Nexar Fleets. This service allows for 24/7 monitoring of all vehicles in a fleet, making it an ideal tool for businesses in industries such as logistics, transportation, and delivery services.

Nexar's business model is based on selling its dash cams and offering a live streaming plan called NexarOne. This plan likely involves a subscription fee, providing a steady stream of recurring revenue for the company. The company also generates revenue from the sales of its Nexar Fleets service to businesses.

In summary, Nexar is a tech startup offering advanced dash cam solutions and related services for individual car owners and businesses. It operates in the automotive industry and generates revenue through the sales of its products and subscription services.

Keywords: Nexar, dash cam, automotive industry, NexarOne, live streaming, Nexar app, smart alerts, Nexar Fleets, fleet monitoring, subscription services.

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Investments by Nexar

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Veniam
ACQUISITION by Nexar Aug 2022