It’s all About The Crowd
What would you say to a platform that helps drivers on the roads while using a crowd-sourced, anonymous and aggregated visual data set?
I’d say it was a good thing because that’s what you’re getting when you use CityStream® powered by Nexar, a Tel Aviv, Israel and New York City-based AI startup founded in 2015 by Eran Shir and Bruno Fernandez-Ruiz. Set up to create the technology that will make driving and cities better and safer, Nexar’s AI-powered dash cams enable new vision-based applications for a more fluid, driving experience.
When hooking up the Nexar-powered dash cams with the Nexar app, drivers have access to a network that powers new applications for interpreting the world why at the wheel.
Nexar’s unparalleled vision network and AI are creating the first digital twin of the physical world. For cities, mapping, insurance and driving
The CityStream® platform uses trillions of images received from the Nexar dashcam network to produce actionable insights. The state-of-the-art AI operates on smartphone apps and on the cloud simultaneously, scrutinizing frames that turn into useful data that interpret the physical world in such a way it allows drivers to make more informed decisions.
Nexar’s data products include the following:
• Nexar Streets
Access fresh imagery by location and address, using Nexar’s CityStream interface or using one of our partner integrations
• Road Inventory
With Road Inventory you can detect, monitor, and map traffic signs and signals
• Road Work Zone
With CityStream Road Work Zones you can detect, monitor, and map all CityStream Road Work Zones in your area of interest
• Virtual Camera
With the Virtual Camera, you can explore the physical world with the most up‑to‑date ground‑level imagery in existence
As of February 2022, Nexar’s coverage can boast 1.5 billion total miles driven, 150 million total miles per month and an astonishing four trillion images in its neural library, while the platform can solve problems in verticals that include mapping and navigation, car insurance and autonomous vehicles.
To date, Nexar has raised a total of $149.5 million in funding over seven rounds. Its latest, a $53-million Series D round led by Qumra Capital, was finalized in November 2021, bringing the total raised by the company to $150 million.
So what about Nexar’s two Co-Founders, what are they all about?
Eran Shir is the company’s CEO. A serial entrepreneur and investor, he previously was an Entrepreneur In Residence at Aleph, a VC out of Tel Aviv where he was focusing on fields like the Internet of Things, big data, cryptocurrencies, marketplaces and networks, and the way they disrupt important markets like healthcare, transportation, education, manufacturing, and finance. Before Aleph he ran the global Creative Innovation Center for Yahoo!, where he was responsible for Yahoo!’s ad creative technologies strategy and portfolio, as well as the development of its next-generation ad creative personalization platform. He joined Yahoo! in October 2010 when Yahoo! acquired Dapper, dynamic ads and semantic web startup that Shir co-founded in 2007.
In my past, Shir was a physicist, focusing primarily on complex systems and complex networks, an Internet researcher, founder of the DIMES Internet research project, and Cogniview, a machine learning startup.
Shir is passionate about building great products, teams, and companies that aim to change people’s lives for the better.
He obtained a Ph.D. in Physics from Tel Aviv University.
Nexar’s CTO and the second Co-Founder is Bruno Fernandez-Ruiz. Prior to founding Nexar with Shir, Fernandez-Ruiz had a wide and varied career, from a manager at Accenture, an Associate Director at Fidelity International, employment at Yahoo! in several positions to founding one or two startups along the way.
Fernandez-Ruiz received an M.Sc. in Computational Structural Engineering from Universidad Politécnica de Madrid.
Nexar’s solution for utilizing crowdsourced data to make our journeys a much better experience is great for society. Let’s just hope the next stage of their road trip is as good as the one they’ve only just finished.