OpenEyes

OpenEyes, founded in 2020 by Yoav Oron, a former Israeli government adviser, Dan Charash, a former Broadcom executive, and Dr. Omry Sendik, is a smart insurance and technology provider for commercial automotive fleets. The company emerged from stealth with $18 million in Series A funding led by Insight Partners and Pitango First.

Oron, with his background in government, Charash with his experience in a major technology firm, and Sendik, with his technical expertise, combined their skills to address the challenges in the commercial auto insurance market. Their collective experience provides a foundation for a business that integrates technology with insurance services.

The company offers a technology suite designed to lower the cost of risk for its clients. This is achieved by analyzing usage behavior to measure and improve performance. For fleets, this translates to potentially lower insurance premiums and a reduction in accidents. OpenEyes serves commercial fleets of all sizes, providing them with insurance rates that are influenced by their own safety and operational data. The business model is centered on providing insurance coverage that is augmented by their proprietary technology, which likely involves telematics and data analysis to assess risk more accurately than traditional methods. When accidents do occur, the company aims to make the claims process efficient.

Keywords: commercial auto insurance, fleet management, risk management, insurtech, telematics, data analysis, usage-based insurance, commercial vehicle insurance, fleet safety, claims management