Nexar

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Nexar
Company typeCompany
IndustrySoftware development
Founded2015
FoundersEran Shir, Bruno Fernando-Ruiz
Headquarters
New York, US
Websitegetnexar.com

Nexar is a provider of the world's first open vehicle-to-vehicle (V2V) network for preventing road collisions and enabling autonomous mobility.[1][2]

Nexar's technology is being used by the public sector, autonomous vehicle makers, OEMs, fleets, and insurance companies.[3][4] The company's products are designed to improve driving safety and efficiency by using the machine learning and computer vision. Nexar's technology enables drivers to capture high-quality video footage of their journeys, which can then be analyzed to provide valuable insights into driving behavior and road conditions.[3]

One of the key features of Nexar's dash cams is their ability to connect to the Nexar app, which creates a powerful network of data that can be used to develop new applications for driving and road safety. By anonymously aggregating data from this network, Nexar has been able to develop a range of vision-based data services for public and private sector partners - from autonomous vehicle (AV) developers and original equipment manufacturers (OEMs) to fleets and insurance providers.

These data services can be used to identify patterns in driving behavior, detect potential safety hazards on the road, and provide real-time information about traffic conditions. For example, Nexar's technology can be used to detect and alert drivers to dangerous intersections or to identify areas where road infrastructure improvements are needed. Additionally, the data collected by Nexar can be used to optimize traffic flow, reducing congestion and improving overall efficiency on the road.

History[edit]

Nexar was founded in 2015 by Eran Shir and Bruno Fernandez-Ruiz, raising $4 million in its first funding round. The company released its first connected vehicle safety system in 2016, along with a free AI-powered dashcam app that builds a local database of drivers and roads to alert users to potential hazards in real-time.[5][6]

In 2016, the company secured $10.5 million in a Series A funding round and raised an undisclosed sum from PROOF Fund in January 2017.[7] The same year, Nexar released CityStream, an app that generates digital maps based on real-time data from roads in specific locations.[8][9][10]

The company joined the Automotive Edge Computing Consortium (AECC) in 2018 and announced an AI-based image retrieval method for localization in cities at the Computer Vision and Pattern Recognition Conference (CVPR) in 2019.[11]

In 2020, Nexar completed a $52 million Series C financing round led by Corner Ventures - with participation from Samsung NEXT, La Maison and Micron Ventures, among others.[12]

In 2021, Nexar collaborated with Blyncsy, a data intelligence company from Utah, to improve road safety in California, Utah and New Mexico by using dash cam footage and machine learning.[13]

In August, Nexar acquired Veniam, a Portugal-based provider of intelligent networking for the internet of moving things.[14][15]

Products[edit]

Nexar's CityStream Virtual Cam designed to streamline the process of detecting and verifying changes on roads.[16][17]

Nexar's CityStream Work Zones (Public sector) is designed for the public sector to address the challenges faced by municipalities in tracking and managing work zones within their cities.[18] [19]

Training Data Sets which gather anonymized video data and reconstructions from predefined locations to utilize real-world scenarios instead of generic or artificial simulations, and access a wide range of driving data that is frequently updated.[20]

CityStream Road Inventory — technology which enables customers to retrieve data from the API for their desired region and compare it against their own map. In the event of any changes, customers can request an image to inspect and validate the alterations.[21]

Nexar's CityStream Work Zones give an API access to CityStream Work Zones which allows customers to extract data from the API and integrate it into their routing algorithms. This integration serves to prevent vehicles from being directed to locations where they may become stuck.[22]

References[edit]

  1. ^ Plautz, Jason (April 2, 2019). "RTC expands pilot to detect Las Vegas construction zones". Smart Cities Dive. Retrieved September 18, 2023.
  2. ^ "How Paramount General Agency Drives Insurance Innovation with Video Evidence Program". Nexar's Blog. March 1, 2022. Retrieved September 18, 2023.
  3. ^ a b Roberson, William (May 30, 2022). "Review: Nexar Pro Dual Dashcam System's Instant Streaming, Cloud Storage Make It A Reliable Bargain". Forbes. Retrieved September 18, 2023.
  4. ^ Bogage, Jacob (December 5, 2021). "How to find bad drivers on the road near you". Washington Post. ISSN 0190-8286. Retrieved September 18, 2023.
  5. ^ FinSMEs (May 29, 2015). "Nexar Raises $4M". FinSMEs. Retrieved September 18, 2023.
  6. ^ Harris, Mark (June 15, 2016). "The AI Dashcam App That Wants to Rate Every Driver in the World - IEEE Spectrum". spectrum.ieee.org. Retrieved September 18, 2023.
  7. ^ FinSMEs (June 16, 2016). "Safer Driving App Nexar Raises $10.5M in Series A Funding". FinSMEs. Retrieved September 18, 2023.
  8. ^ Newcomb, Doug. "Nexar CityStream Uses Smartphones To Crowd-Sourced Mapping Data For Cities And Self-Driving Cars". Forbes. Retrieved September 18, 2023.
  9. ^ "Nexar launches smartphone and dashcam-based CityStream data platform for smart cities". Traffic Technology Today. May 10, 2017. Retrieved September 18, 2023.
  10. ^ Etherington, Darrell (July 24, 2017). "Nexar releases 55K street pics from 80 countries to spur autonomous driving". TechCrunch. Retrieved September 18, 2023.
  11. ^ "Nexar introduces AI-powered image analytics system for better localization in cities". Traffic Technology Today. June 18, 2019. Retrieved September 18, 2023.
  12. ^ "Israeli smart dashcam co Nexar raises $52m". Globes. April 30, 2020. Retrieved September 18, 2023.
  13. ^ "Israeli-based company collaborates in dash cam safety initiative". The Jerusalem Post | JPost.com. June 28, 2021. Retrieved September 18, 2023.
  14. ^ FinSMEs (August 4, 2022). "Nexar Acquires Veniam". FinSMEs. Retrieved September 18, 2023.
  15. ^ "Israeli car dash cam co Nexar buys Portuguese co Veniam". Globes. March 8, 2022. Retrieved September 18, 2023.
  16. ^ "Nexar and Las Vegas tackle traffic with digital twins". VentureBeat. September 27, 2021. Retrieved November 16, 2023.
  17. ^ "AI mapping platform feeds smart city applications". Smart Cities World. Retrieved November 16, 2023.
  18. ^ "Nexar releases CityStream Live, a real-time mapping platform for mobility - GPS World". GPS World - The Business and Technology of Global Navigation and Positioning. November 28, 2022. Retrieved November 16, 2023.
  19. ^ "Nexar's dashcam app is free, but at the cost of your data". Engadget. July 18, 2019. Retrieved November 16, 2023.
  20. ^ "Nexar, which sells analytics services on top of dash cam footage, raises $53M". VentureBeat. November 17, 2021. Retrieved November 16, 2023.
  21. ^ Frost, Adam (April 3, 2019). "Nexar's connected vehicle platform detecting Las Vegas construction zones". Traffic Technology Today. Retrieved November 16, 2023.
  22. ^ Jacobi, Jon. "Nexar One Pro dash cam review: Classy as it gets, with some quirks". PCWorld. Retrieved November 16, 2023.
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