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Cambridge Mobile Telematics (CMT) pioneered telematics for usage-based and behavior-based programs making roads and drivers safer around the world. Founded in 2010 by two MIT professors, CMTs accomplished team of expert scientists and experienced entrepreneurs developed DriveWell, an advanced mobile-sensing and big data platform delivering an end-to-end smartphone telematics solution. DriveWell provides valuable feedback to users, helping them to improve driving performance and become more aware of unsafe behaviors. DriveWell is the first telematics platform in the industry to provide both traditional vehicle-centric, usage-based-insurance (UBI) and driver-centric, behavior-based insurance (BBI) solutions. Through the DriveWell program, CMTs partners can easily measure mileage, time of day, roadways and risky driving behaviors - giving them a complete picture of every trip and allowing them to segment high-risk vs low-risk customers easily. CMT has a proven track record of changing driver behavior: an average reduction of 35% in phone distraction, 20% in hard braking, and 20% in at-risk speeding all within 30 days of using the program. With DriveWell, users become safer drivers, resulting in fewer crashes and less-costly claims. The average user sustains a 25% reduction in phone usage even after 200 days, and some CMTs insurance partners report as much as 47% reduction in total claims costs, based on studies of more than 100,000 drivers.
Spokin is the easiest way to manage food allergies, bringing resources to food allergic families so they can live the fullest lives possible. Food allergies affects 15 million people and 1 out of 13 children in the United States, and requires 24/7 vigilance. Spokin`s mission is to take much of the time and work out of navigating food allergies by doing the work for you. Spokin`s app lets parents and teens find top-rated, food allergy-friendly resources such as restaurants, hotels and products around the world, as well as keeps people informed of the latest treatments, research and food recalls. Founder and CEO Susie Hultquist, the mother of a teenage daughter with life-threatening food allergies, co-founded FARE Chicago in 2008 and worked for decades as a professional public equity investor. Spokin, which raised $1.5 million in funding during its first year, has partnered with some of Chicago`s premier organizations including The University of Chicago, Northwestern Memorial Hospital, Lurie Children`s Hospital and Outcome Health (formerly ContextMedia).
X-PERTIZE is a North Brunswick, NJ-based company in the Software and Internet sector.
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