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Venture Capital News: Nexar Announces $53M Series D Round

NEW YORK, NY, Nexar, a leading AI computer vision company, announced today the completion of a $53 million Series D funding round.
The round was led by Qumra Capital with the participation of State Farm Ventures, Catalyst Investments, Banca Generali, Valor and previous backers; Atreides Management, Corner Ventures, Regah Ventures, Aleph and more. Nexar is the leading provider of crowd-sourced visual data and with their data from hundreds of thousands of dash cams across the US and globally, they are second only to Tesla with the volume of image-data collected. The footage is contextualized with AI and provides valuable insights to cities, departments of transportation, automotive & insurance companies, and more. Erez Shachar, Managing Partner at Qumra Capital, will be joining Nexar's Board of Directors.
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