Draivn (Accelerator)

Funding Details
Awarder
PlugAndPlayTechCenter
Date Award
May 15, 2024
Funding URL
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Company Info
Company Description
Draivn’s mission is to make the most comprehensive and useful fleet dataset available via a single API. They do that by building the best plumbing for every fleet insurance transaction and enabling insights based on this data. Draivn solves three challenges for insurers, brokers / agents and their customers: 1. Reconcile insured vehicles: Due to manual processes, time lags and errors in the submission process the vehicle inventory for large fleet is usually not sufficiently accurate and is not in sync for fleet, broker and insurer. 2. Consent & Data access: Insurers and brokers need consent to use existing fleet data. The consent process is usually cumbersome and not embedded in the insurance process. 3. Fragmentation of telematics: Fleet insurers and brokers need to work with existing telematics solutions of fleets. As a result, insurers and brokers need to be able to harmonize and clean the data which comes in different formats from different data providers. Draivn Visibility is a data aggregation platform that synchronizes vehicles inventory between fleets, brokers and insurers, orchestrates consent for data sharing, harmonizes and cleans data, converts into rate factors and makes them available to user via a single API.

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