CarVi, Inc.

The system functions by transmitting raw video from the CarVi camera to the user's smartphone via Wi-Fi. An accompanying application then analyzes this data, tracking driving behaviors such as lane changes, acceleration, and braking. This data is quantified and used to generate insights into driving skills and habits. CarVi targets both individual consumers and commercial fleets, including trucking companies. For commercial clients, the technology offers a tool for advanced fleet management, helping to monitor driver behavior, ensure compliance with regulations, and potentially reduce operational expenses and false claims from accidents. The company's business model is centered on selling this hardware and providing customized algorithms and data analysis.

The company's platform is also positioned to serve the car insurance industry by providing a more accurate method of assessing risk. By analyzing driving behaviors, CarVi aims to predict the likelihood of future accidents, enabling insurance providers to offer customized premiums based on individual driving habits rather than traditional metrics. The company initiated its journey with a successful product crowdfunding campaign on Indiegogo in March 2015, which raised $105,000. This was followed by a Series A funding round in May 2016, securing $5 million from investors including Samsung Venture Investment, IMM Investment, KT, and POSCO.