Nexar Raises $53 Million Series D to Expand Car Dashcams

By Robert Wren Gordon, Published Jan 12, 2022, 10:59am EST

Israel-based Nexar raised $53 million to help expand its dashcam business into both the international and US fleet markets.

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****** **** ******, **** profiles *****'* ********, ********* comments **** *** ******* about *** ****** ****** model *** *** ****'* goals *** ****.

**********

IPVM Image

******** ******* ** **** by *** **. **** Shir *** *** ***** Fernandez-Ruiz *** ***** ***** (i.e. *********) ******** *** related *********** ******** ** customers, ********* ******* *** online *****.

***** **** *** * division,***** ****, ***** ***** ********** images **** ***** ******** into ************* ********, ***** ** ******** to **** ******** *** authorities *** ******* **** conditions.

*******

*********** * $** ******* Series * ** ******** 2021*** ******* *******, * *** ****, Israel-based **** **** ******** late-stage ******* ********** *********:

[*] $** ******* ****** D ******* ***** *** by ***** ******* **** the ************* ** ***** Farm ********, ******** ***********, Banca ********, ***** *** previous *******; ******** **********, Corner ********, ***** ********, Aleph *** ****.

******** **** ***** *********'* ******* ***************** *** ***********:

***** *** *** ****** $153 *******,********* ** * **** on *** *******'* ****** ***** ***/**-******* *** Dr. ****.

No ******* **********

***** *** *** ******** its ******* ** ***** figures, ****** ******* **** it ** ******* *** percent *** *** **** it "***** ******** ** thousands ** ******** ********":

***** ** *** ******* dashcam ******** ***** ** the **, ******* ***** dash **** *** ******* 280% **** **** ****. It *** *** *********, and ***** ******** ** thousands ** ******** ********. We ****** ** ******** the **** ****** ********** this ****, **** ** additional ******** ** ***** One, *** ******** ********* dashcam **** **-******, ***, and ** **********.

**** ********* *****'* ******* to ** ~$** ******* or ****** ***** *** above ********** *** *** average ***** ** *****'* dashcams ** *** *** store *** ******. **** revenue ******** ***** *** the ******* *******'* ***-***** valuation ** *** $***-*** million *****.

Product: ********

***** ******* *** ******* models **** ****** *** road ** ***** ** 4K. *** *******'* ***** cameras *** ******* ** streaming ** *** ********'* mobile ******, **** *** video ******** ******* *****'* Android *** *** ****. Nexar's ******* **** **** expandable ***** *** **** cloud ******.

***** **** **** **** its **** **** ***** "visual ******** ** *******," providing ********* **** ********* alerts *** ******* ** criminal ***********, ** **** as **** ********* ******:

*****'* ***** ** ****** evidence ** *******, **** the **** **** ***** alerts ****** **** *** connectivity ********. ******* *** show *** *********** *** they've ******, ********* **********, and ************ ************** **************** ******** "***********" **** every ***** ** *** road ***. ***** **** helps *** **** ***** you ****** **** ***, and ******** ******** ** a ***** *****. **** importantly ** *** ***** you ** ********* ******** to **** ****** *** or **** ********* ****** to **** ********, ** case ** * ********* or ***** ***** ******* event, ** *** *** get **********.

IPVM Image

******* ********** ***********, ***** seeks ** ****** **** the *********** *******, ********* elements ********* ********** **** a *** *****. ** comments ** ****, ***** described *** ****** ******* model,***** ***(********, ********* ** ***-***** and *** *** ********* for ********) ** * "car ******** ******":

***** *** ** ***** offering * ******* ** a *** ******** ******, protecting *** *** **** the ****** ** **** driving *** ****, *** enabling *** ***** ** the ******* ** ***** and *** ****** **** a ***** ** ***** Ones ** ***** ********.

***** *** *** ******* on *** *** ********, only ****** **** ** designs *** ******** ******:

** ****** *** **** our ******** ********* *** use ******** *************.

***** ** *** *** dashcams **** ** *****'* website, ********** ***** **** ***, ********** ***** **** ***, *** ********** ***** **** ***, **** **** ** partnership **** **********-***** ****** accessories **************.

Product: ****

** ******** ** *** dashcam ********, ***** **** has * **** *** called***** ****, ***** ***** ********** images **** ***** ******** into *** ********** ******** (screenshot *****). ********** ** primarily ******** ** **** planners *** *********/************** *********** who ******* **** **********.

IPVM Image

***** **** *** ****** **** ********* ************ ** ****-*****:

*** ********* ********* ** insurance ********* (********* **************) are **** *****.

***** ***** **** *** publicize *** **** ******** as **** ** ** does *** ******* ********, the ******* *********** ********* that *** **** ******* include **** ********* *** car ************* ***** ****** * ***** release:

**** **** ****, **** officials *** **** ** plan, ********** *** *** issues ** * **** faster ****, ***** ********** companies *** **** ** inform ***** ********** ******** of ********* ***** *****.

***** **** **** ******** attention ** *** *******'* blog **** ********** *** most ****** *******, **** CEO **. **** ******** that **** ***** ******** more **** ** ** roads:

*****, ** ******* **** Tesla ** ********** **** vision **** **** *** US, *** ** *** a ***** *********** ** deploy *****’* **** ** millions ** ********.

***** ******** *** ********* statement ** ******** ** IPVM's ********* ***** ***** Data:

*****'* ****** ** ** create * ****-**** *** of *** *****. ** use ****** **** ******** (not ******) ** ****** road **** *****, ******* sign *******, **** *******, and ****. *** ********,**'** **** ** *** Las ***** ****** ** detect **** ***** *** road **** *******. **** ***** ****,** ******* ******* ** a ****** ***, *********** faces *** ******* ****** to ******* ***** ** the *** *** ****** it.

***********

***** *** *** ******** name *** ***********; *******, the ******* *** *** that ** ***** ****** as "*** ******" ** Garmin **** ***** ***** competitors ** *** ******** car ******* *****:

***** ** *** ****** to * ******* ******** dashcams **** ** ****** and **** ***** ********* selling ******** ** ***** dashcams. **'* ********* **** an *** ******/*** ***** it **** *** **** alerts (** *** *****-** GPS *** *******) *** always *** ****/**** *** video ******** ***** ********* with ** *** *** OBD ****** **** ********** and ****** **** ** visual ********.

**** ********* ************, ******, ************* *****'* **** *********** in *** ** ******** dashcam ******.

*******

IPVM Image*****'* **** **** ***** at $**.**, **** *** newest ***** *** ***** selling *** $***+ ********* on ****** *** ***** options.

***** **** **** **** while ** ********* ***** direct-to-consumer ******* ***********.**********,*** ****** ******* **** sells ** ******.

*********

***** **** ****** ** a *** *******, **** end-users ********* ******* ***** of ************ *******:

*** ******** ******** *** mostly *** ********* ** prosumers, ** **** ** ride-share *******, **** *******, truckers, *** ********* ************.

*********

******** ***** *** *********, *** ***** **** its ***** ***** ***** is ***. ** *****'* employees ** ********, ******* 75 ******* *** ***** in ******, **** ********* remaining ******** **** *** last *** *****:

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**** ***** ***** ***** its **** ********* ** LinkedIn, **** *** ******* implying **** *** ******** headcount ** *** ********, responding **** ** "*** grown **********":

** ***'* ****** *** numbers ** ******** ******* but *** ******* *** grown ********** *** ** currently ******* * ****** dozen *********:*****://***.********.***/*******.

***** ********* *** ** active *** ********, *** of ***** *** ******.

**-********

IPVM Image

***** *** **-******* ****. **** ****, **** ******, ******** *********-****, ** *** ******** from *****.

**. **** *** **. Fernandez **** **** **** academic ***********, **** **** having ******* ******* ********* prior ** ************* ** launch *****.

"Leading" ****** ***** ***** ********

***** ********** ****** ** be ***** *** **'* leading ******/******* ******. *** example, ** ******** ** IPVM's ******* *** *******, Nexar *******:

***** ** *** ******* dashcam ******** ***** ** the ** [...]

*********,**. **** ***** *** following ** *** ******** blog ************** *****'* ****** *:

*** ***** **, ** have ******* ** ***** and ***** ** ****** cameras *** ******** **** help ******** ** ********* of ******* ****** *** world,and ****** *** ******* ******** ****** ***** ** *** **. [emphasis added]

**** ***** *** ******* to ************ *** "*******" brand *****, **** *****'* VP ** *********,**** ******, ********** **** *** claim ** ***** ** market ******** **** ******* *** *****:

** **** *** **** on ******* ***** *** compared ** ** *** actual ***** ******* ***** come ************.******** ** **** *** cams. (*** ****** ***** aren't ******* ** *** according ** ***** ***********). The ****** *** **** we **** **** $**+ cameras (***** **** ****) than *** ***** *****.

Nexar ******* **** ** ***-****'* ****** ********* ******, ************* ****** ** ****** ***

***** *** ******** ***** product ******* ** *******, ********* *** ********* video, "*** ***** ***** ****** a ***** **** - The **** & ****," ** **-***** ********** vlogger**** ****:

** *** *****, **** Tech ********** ******* **** of ******** ****, ***** ********* ***** for $***.** ** *****'* website. ***** ***** ****, Metz **** **** **** the ******* ** ******* upon *** **-** *** cellular **** *********** ** the ****'* ********* *** recording (*.*., *** ***** dashcam ******** ** *** user's ********* *** ******* accesses *** ******** *** cloud *******), ****, ** the ***-**** ***** *** Wi-Fi ** ***** ********* or ** ******* ******* an **** **** ** cellular **** ********, *** Nexar ******* ** ****** to ****** ** *** cloud.

***** ****** **** **** limitation *** **** ***** with *** *******'* *** Nexar *** *******:

**** ******* ** *** vlogger's ********—*** *** ***** One ****** *** ****** video ******* ** ***, through * ******** **********.

**** **** **** ****** that ***** ******* ** not ****** ****** *** end-user *** ***** *** notifications ******* ** ***** cellphone (*.*., ******* *** or *** ******** ***** app ************* ****** *** end-user **** ********* ***** recordings). ***** **** **** that ********** *** ************ issue ** ** *** product ******* ******* ********* further *******:

** ** *** ********, we're ******* ** ******* this ****** *** ******* roadmap.

Nexar **** ** *********** **** ** ******** ********, ******* **** *******

*****'* $** ******* ****** D **** ******, * *********** **** for ******** ******** *********** which *** ******** ********* collectively ***** ** ***** $2.1 *******.

IPVM Image******* *****(********), *** ***** ******* with ******* ********** ********* seeking ** ********** ** the **** ** ********** at *** ****** ******** Mission ** *** **** Coast ** *** *********, told **** **** **** was ********* * ********* year *** ******* ********** companies **** ** ********** like *****, ****** **** 2021 ********* * ******* amount ** ********* *******, coupled **** ****** ********** than ** ******** *****:

***** *** * *** more ******* *********, *** also ********** **** * lot ****** **** ****, and ****'* ******* ******* rounds ***** *** **. A *** ** ********* waited *** **** *********** last **** ******* ***** they ****'* ** ** in ****.

Fleet ***********

***** *** **. **** noted **** ***** **** to ***** *** ***** of ****** *** * driving **** ****** *** company's ****** ***** *** dashcam** * ****** ******* blog ****:

***** *** **** **** allow ** ** ******* fleets **** *** ******** of *** ***** ********* of ******** **** * tailored **** ****** **** perfectly **** ***** *****.

***** **** **** **** it ** ******** ** target ****** ** ****, using *** ***** *** camera **, ***** ***** things, ******* ****** ********:

** *** ***** *** offering **** ****** ** will **** ***** ** to ******, ***** ** was ******** ** ********* with ******** ********* **** support ***** **********. **** camera **** **** ** offered ** ****** ** 2022, ******** ****** ********** and ******** ******* *** ability ** ******** ******* situations, ****** ****, *** also ***** ********** ** a ****** ***, ********** in ***** ***** ***** is * ****** ** the ***** ** *** car ***** ******.

Coronavirus ******: ***** **

**** ***** ***** *** impact ** *** ******* COVID-19 ******** ** *** business, ***** ******** **** to ***** **** ******* ************* * ~**% ********* in ****** ***** ****** across *** ** ******* during *** ******* ****** of *** ********.

**** ********, ***** ****** a ~**% **** ** miles ****** ***** **** 2021:

** *******, ** *** the ******* ***** ****** going ****** ** ** grow *** *******—**'** ********* at *** ******* ***** monthly, ** **** ** be ** *** ******* miles ******* ** **** 2021.

International *********

***** ***** **** **** "most" ** *** ***** are ** *** **, the ******* ***** ** expand *** ***** ** Europe *** **** ** 2022:

*********, **** ** *****’* sales *** ** *** US. *******, **’** ***** selling ** ************* *******, from *** ** ** Europe *** ****-*******. ** 2022 **********, **’** ****** more ** ************* *******, some ** ***** *** even **** ********* ** dashcams **** *** **.

*********, *****'* *** ***** is **** ********* ** English.

Comments (8)

*’** ********** ****** ***** three ***** **** ****, and *** ***** **** is *** *****/***** * chose ** **** ** my ******* ***********. *** main ****** * ***** to **** **** ****** was ********* ********** ** recorded ***** ************* *** recorded ***** *******.

**** ********, * *** my ******* ** *** an *** ****** (***** in-warranty, *** * **** having *** *** ******* recorded ** ** *** history). *** **** *** was ********* ** **’* local ***** ** **** due ** *** **** that ** ***** *** not ****** *********. **** I ******* *** ** vehicle **** **** *** dealer, ** ***** **** automatically ******** *** ***** that *** ******** **** the ******* *** *** of ** **********, ** which **** * ********** that ******* ******* ** take * *** **** in ** ******* ******** (supercharger *****) *******. ******** to ***, * **** the ***** ** ******** with ** ********** ***********… But *** **** *******, any ***** **** *** would *** **** **** me **** ** ***** took *****. *** **** sensor ******** ******* *******, flagged *** ***** ** an *****, *** **** it *** ******** ** my ***** ****** ** seconds ** ******* ** my *******, * **** the ***** *** ***** place. ** ** *** point * *** ****** other **** *** ******/******, no ***** ***** *** this *******.

*** *** **** ********* I *****…

***, ****/**/** - ********* to ***** **** *******, Nexar *** ** *** of ******** **** ******** format ** ***** ******** for **-***** *********. **********, as ******* *** *** worked *** * ********* party ************, * ***** that **** * ***. When ***’** ** ************ the **** ** *****, and *** ***’* *** your *** **** ************ to ****** *** ******** around ** *********** *** day/time ***** ******** ** top ** *** *****, you **** * *******.

***, * **** * real ******* **** ***** CityStream. *********** *** *** Nexar’s ***** ******** *****, your ****** ** ****** locally ********* ** *** local *******. ** **** as ** ** ********* to * *****, ** is ********* *** ***** an ********* ****** ** space ** **** ***** which *** *** ********* as ***********, **** **** your ***** ******** ** a ******** **-** **********, it ******* ** ***** cloud ***** ********** *********** extracts ***** **** **** relevant. *** **** *** ask **** ******* ** the ***** ***** **** don’t **** ********, **** don’t **** * **** answer. ***** * ***’* want ***** **** *** inside ** ** ****** or ** ***** **** within ** ******** ***** uploaded ** **** ***** service. **** ** ** attribute ** *** ******* you ****** *******, *** the **** *** * have ***** ** ******** to ******** **** ** to ****** ** ***** from ** ***** *** moment * **** ** vehicle ***. * ***’* have ******** ** ****, I **** ***’* **** anyone ** *** ** and ****** ** ********.

** ******, ***** **** item ****** *** *****, I ***’* **** * lot ** *** ****** to *** ***** **** product… * **** ** so ****-******** **** *** number *** ****** ** easy ** ********, ************ when ********* **** ******* to ***** ***** ** the ******, ** ** heads *** ***** ***** the ******.

****** ***********.

Agree
Disagree
Informative: 4
Unhelpful
Funny

***** ******** *****, ***** pricing ** ****** **********!

***** ***** *** ***** be **** ** **** recommended ****?

Agree
Disagree
Informative
Unhelpful
Funny

******-** ** ********…

** ****, ******** ****** some ****** ***** *****-******* expansion *******, ******** *** to *** ******** ******* in *** ******* ******** for ******** *****.

********** ****: ** ** opinion… *** *** * manufacturer *** ********** **** *** ******* that *** ********** **** vehicles **** *** *******, and ***’** ****** ******* the ***. **** *********** given *** ****** ** customization ****** ******* ** vehicle, *** **** *** consider **** *** ******* black ***** **** * ring ****** ********* *******-********* cameras *** ****** **** video **** ** ******** occurs, ** ** ********, and ******** ***** ******* down *** *** ****** in * *** ****** truck ********, * **** there *** ***** ***** in *** *** *** can *-*** ** ********* that *****— *’** **** found *** **** ******** in * *** ****, as **** ** * newer ******.

Agree
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Informative
Unhelpful
Funny

**** ** ***** ** see *** **** *** they ****** ***** ******* of *** ****** **** Cam. ** *** **** in *** ******* ****** with * *** ******** date *** **** **** advised **** ** *** be **** **** ** march *** ********. ** updates ***** *** ******* email. ********* *** ****** chain ****** ** *** hurt *** ******* ********* as ****** ** *** market *** ** ***** heels.

Agree
Disagree
Informative
Unhelpful
Funny

* **** ****** **** dashcams *** ******* ** BlackVue *** * **** time. *** ********** ******* piled ** *******. ***** accumulating * ***** *** of ******* ******** *******, I ******** ** *********.

*'** *** ** ****** with ********* ** ****** three ***** ** ***. They're **** ********.

*'** **** ** **** at *****.

Agree
Disagree
Informative: 2
Unhelpful
Funny

**** ******* ** *** US? *** **** *'** never ***** ** ****?

** **** ******* ***** or ***** ****** *********** support *** *** ***** into *** *** *****, I'd ** **** ******* about ***** ******. ** seems **** ** * singular ****** ** *****, and ********* * ***'* see *** ********** ****** off ** *** **** run.

***** *** ** * great ****** *********** *** the ****-**** ********* *******, Lemonade, ** ******* **** this *** ****** *** accident **-******** ****, *******?

** ******* ** **** dashcams *** ******* **** will ****** ******* ************ into ******** **** **** so **** **** *** today, *** *** ***** commercial ****** ************ ** offer ** ****-************ *******-***** option (*** **** * regular ** ***) **** be ******* * ****** that's ********* *** ***** addressed *** ******, ****'*, and ***** *****'*.

Agree
Disagree
Informative
Unhelpful
Funny

***** *****’* ************ **** manufacturers *** ******* *** mark ** ** *** appliance ****. ** *** wants **** *** ***** box *** **** ** hide… ** *** ***** the *******, ** *** wants ** ******* *** cost, **’* * *** like **** *** ******** grade **** ******** *** become *** **** *** small **********, ** **** expect **** ****. **** at ***** ********’ ****** solutions… ******* *** ****, but, **** *** ****** enormous, ************ *********, *** overly ***********.

*****’* **** ****** ************* need ** ** * better *** ** ****** and *******-** ***** ***** camera ******** ** ***** for **** ** ** suitable *** ****** ************. That’s *** *****, ** you *** * ****** or **** ****** **** a ********** **** ***** UI ** *** ******, you ***** ****** * fixed ******* ********** ****** in * ******* *** get **** **** **. Reality ****** **** *****’* firmware, ** ***** ****. End-users ****** *****, ***** sensors, *** ******* ****** and ** **, *** today’s **** ************* **** to ***** **** **** subsequently ******** **** *** black *** **** ** hard ****** *** */**, yet **** ** *** surrounded **** ***** **** commoditized ****** ******* **** do *** ** *** above ******* *** ** the ***** ********** *** bulk. **** ***** ***** that *** ******* ** multiplex ******* ******** ** video ** *** ***** is ******* ****** *** you **** * ***** black ***, *** ** aforementioned *****, ********* **** BlackVue *** ** **.

*’* ***** ** *** it, ******** ** ***** to **** **… ** you ***** *** ********* like * ***** ******* camera **** ********* *********, a ****** *** ** better ******* *** ***** recording *** ********* **-******, with *** ******* ** upload ***** **** ** proximity ** ****, *** then *** **** ****** mobile-centric ******** ** **** camera **** *****, ****, shock ********* (**** *** CCTV ******* **** **** of ***** *******), * CCTV ************ ***** **** enough ** ***** ** justify ***** ********, *** you’d ** **** **** a ****** ***** & slim ************-***** ****** ********… but ***** ************* **** aren’t ****** *********.

***** **** **** *******… high ******, **** **. You **** ****’** *** profile ****** *** ****** vehicle ************, ****** *** WEARING ***** *******. *** hard ***** ** ** to ***** ***** *** use ** ****** ******* applications? ******** ** ****** here… **’* ***** **, the ************* *** *****, from ****** *** *********, to ***, *****, *** delivery ******. *******, *****’* CCTV ******* *** **** interested ** **-*** *******— “I… **** **** * dual-sensor ******.” “******, **** I **** **** *** same, *** **** *** IR.” “******, **** **** mine ** ****** ********** and *** **.” ****.

********. **** *****. *** camera **** *** ** the ****** *** **’* in.

Agree
Disagree
Informative
Unhelpful
Funny

******** ** ***** ** love **… ** *** could *** ********* **** a ***** ******* ****** with ********* *********

****'* ******* ********* ********* use ************* ***** **** make ** **** **** to ****** ** ****** or **** ** *********** areas, ** ** ********* here.

Agree
Disagree
Informative
Unhelpful
Funny: 1
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