The startup operates a behavior analytics platform that utilizes smartphone telematics to monitor driving patterns and detect risk factors such as aggressive braking and speed limit violations. This technology enables insurance and automotive companies to attract safer drivers through discounts and rewards, while significantly lowering claims costs and enhancing overall driver performance.
Funding
$3.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional methods of assessing driving risk rely on static data, failing to account for real-time driving behavior and environmental factors. This can lead to inaccurate risk assessments and missed opportunities to incentivize safer driving habits.
Solution
OSeven provides a customer-centric telematics platform that analyzes driving behavior using smartphone sensors, connected vehicle data, and IoT devices. The platform offers real-time and post-trip driver insights, enabling insurers and mobility companies to move from risk aggregation to risk prevention. OSeven's AI-enabled, device-agnostic platform analyzes driving behavior data and produces comparable results across different sources. The platform supports various usage-based insurance (UBI) models, including pay-how-you-drive, pay-as-you-drive, and gamified safe driving rewards.
Target Audience
OSeven serves insurance companies, banks, fintech firms, telcos, automotive OEMs, car dealers, fleet management companies, and ridesharing/taxi services seeking to leverage telematics for risk assessment, driver safety, and customer engagement.
Features
- Mobile telematics SDK and white-label apps that analyze data from smartphone sensors
- Connected telematics solutions that harness vehicle sensor data and edge computing
- AI-enabled risk prevention platform that analyzes driving behavior data from various sources
- Driving behavior scoring model validated with claims data from leading underwriters
- Branded app and SDK options for seamless integration into existing ecosystems
- Support for pay-how-you-drive, pay-as-you-drive, and play-as-you-drive insurance models
- Gamification schemes to incentivize driving improvement and rewards to motivate safe driving
- Eco-driving analytics to measure environmental impact and reduce carbon emissions
- Severe crash detection with real-time alerts for emergency assistance
- GDPR compliance and ISO 27001 certification for data privacy and security