DriveTrust
Company

Last deal

Amount

Non-equity Assistance

Stage

15.01.2020

Date

2

all rounds

$1.7M

Total amount

General

About Company
DriveTrust is an AI-powered dash cam with V2X and LTE communication capabilities.

Industry

Sector :

Subsector :

founded date

01.01.2017

Number of employees

Company Type

For Profit

Last funding type

Non-equity Assistance

IPO status

Private

Description

The device uses AI hardware to detect street signs, traffic lights, cars, and pedestrians, and combines sensor data to calculate driving profiles. It warns drivers in real-time about dangers on the road and measures distraction, drowsiness, tailgating, drifting, aggressiveness, and speeding to improve driving and increase safety. DriveTrust is part of an EIT/Digital European Innovation activity with goals for 2019 including legal start-up creation and the first product sale. The founders developed the idea during the EIT Digital Summer school in Stockholm in 2017 and have been working full time on product development. While not yet market-ready, the product has a prototype that includes all major functions.
Contacts