Safer Driving Startup Nexar Raises $10.5M

 June 15, 2016 | Israeli startup Nexar, a platform that hopes to influence how people drive, announced the end of their Series A round, bringing in $10.5 million in funding. The round was lead by new investors Mosaic Ventures and True Ventures, with seed backers Aleph and Slow Ventures taking part as well. Coupled with their initial funding, this round brings the company to a total of $14.5 million raised. Co-founded by CEO Eran Shir, the former manager of Yahoo’s Creation Innovation Center in Israel, and CTO Bruno Fernandez-Ruiz, Nexar uses smartphones to create an AI-backed vehicle-to-vehicle network that works to predict and prevent accidents.