Openeyes

Openeyes Overview

OpenEyes is an insurance company dedicated to providing innovative solutions to the commercial automotive industry. The company’s primary focus is on offering commercial automotive insurance to fleets of all kinds at lower rates. To achieve this goal, OpenEyes has developed a range of cutting-edge technologies that help fleet managers and safety officers reduce the frequency and severity of traffic accidents. The core of OpenEyes’ offering is its risk management platform, a powerful software solution that enables fleet managers and safety officers to identify the sources of risk in their fleet quickly and easily. By analyzing data from a range of sources, including telematics, weather, and traffic data, OpenEyes is able to provide insights into the most common causes of accidents, allowing fleet managers to implement practices that reduce the frequency of accidents and improve safety for their drivers. In addition to its risk management platform, OpenEyes has developed solutions for precise underwriting and claims handling. By using advanced algorithms and machine learning techniques, the company is able to underwrite policies more accurately, which can result in lower rates for customers. OpenEyes also streamlines claims handling, making the process quicker and more efficient for both the company and its customers.

Cumulative Funding Raised Over Time ($)

Latest News

Feb 15, 2023 · www.calcalistech.com

growth-positive

Insurtech startup OpenEyes raises $18 million Series A for commercial auto insurance for fleets | CTech

Israeli insurtech company OpenEyes has raised $18 million in Series A funding led by Insight Partners and Pitango First. The company aims to offer commercial automotive insurance to fleets at lower rates by reducing the frequency and severity of traffic accidents. OpenEyes provides technology that allows fleet managers and safety officers to identify risk sources and implement practices to reduce accidents. The company has already helped reduce the frequency of accidents by over 25.5% and the severity of claims by over 30%. OpenEyes currently employs 25 people in Israel and the U.S.

InvestmentExpand

Funding

Team Members

6

Employees: 11-50

Web & Social Links

Locations

Shlomo Ibn Gabirol St 71, Tel Aviv-Yafo, Israel

11801 Domain Blvd, Austin, TX 78758, USA

12 E 49th St, New York, NY 10017, USA

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Openeyes Internal

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