SoftBank invests $ 500 million in Cambridge Mobile Telematics

Cambridge Mobile Telematics (CMT) has raised half a billion dollars in an investment from the SoftBank Vision Fund, reports Jeff Engel to the Xconomy ((FinTech Futures Sister publication).

Born from MIT

CMT emerged in 2010 from the MIT Laboratory for Computer Science and Artificial Intelligence. The US company says its products are used in more than 20 countries to measure mileage, to determine the prices of auto insurance plans, to incentivize drivers, …

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