Insurtech company Avinew has acquired Sunnyvalye, Calif.-based Betterdrive. Terms of the deal were not disclosed. Ravindhran Sankar, CEO and founder, will be named director of research and development. Avinew will integrate Betterdrive’s technology into its own proprietary system for predictive …
Dan Peate, a venture capitalist and entrepreneur in Southern California, was thinking of buying a Tesla Model X a few years ago—until he called his insurance company and found out how much his premiums would rise. “The quoted me $10,000 …
A startup focused on rewarding drivers and fleet owners that use autonomous vehicles and semi-autonomous car safety features has raised $5 million in seed funding. California-based Avinew’s technology uses artificial intelligence and telematics to gather driving data that can tell …
