Is Cambridge Mobile Telematics profitable?

CMT does not publicly disclose audited financials. Aggregator estimates put 2024 revenue between $77.5M and $103.3M against a $1.5B valuation set back in 2018, but these figures are unconfirmed and profitability has not been stated by the company as of July 2026.

Did Cambridge Mobile Telematics have a data breach?

Yes. A ransomware group calling itself CoinbaseCartel claimed an attack on CMT on June 2, 2026. As of July 14, 2026, CMT is under investigation for a breach involving driver location and insurance data, with the incident unconfirmed by the company.

Who owns Cambridge Mobile Telematics?

CMT is privately held, founded in 2010 by MIT professors Hari Balakrishnan and Sam Madden with Bill Powers as a spinout of MIT's CarTel project. SoftBank Vision Fund invested $500M in December 2018, and TPG Rise Funds, Allianz X, and State Farm hold stakes as of March 2026.

Could AI replace Cambridge Mobile Telematics?

Unlikely soon. CMT's moat rests on 75+ petabytes of proprietary consented driving-sensor data collected over 15 years plus deep SDK integrations inside insurer apps like Allianz and State Farm, which frontier AI labs cannot replicate without consented data or insurer distribution as of March 2026.

Is Cambridge Mobile Telematics a safe place to work right now?

CMT employed about 450 people worldwide as of March 2026 and was actively recruiting roughly 30 additional AI-focused roles in Cambridge, funded by its $350M March 2026 raise, though a June 2026 ransomware claim and ongoing breach investigation as of July 14, 2026 add reputational risk.

Who is Cambridge Mobile Telematics' biggest competitor?

Zendrive is repeatedly named as CMT's closest direct rival in smartphone-based driving-risk telematics, while insurer-owned platforms like Allstate's Arity and Progressive's Snapshot compete but face conflict-of-interest limits since rival insurers won't route data through a competitor's platform.

United States · United States

Cambridge Mobile Telematics

Software that turns phone and car sensor data into driving-risk scores for auto insurers.

Defensible for now

Assessed 29 July 2026 · Evidence as of 29 July 2026

Real protection, with named pressure against it.

On the recordSince 29 July 2026 · Checkable from Q3 2026 · Every call on the record Checkpoint: Confirmation of CoinbaseCartel breach scope and any State Farm or Allianz renewal decisions

The call

CMT still sits deep inside insurer workflows on data rivals cannot copy, but an unconfirmed breach now tests the trust that data depends on.

Cambridge Mobile Telematics collects 15 years' worth of driving behavior data from phones and connected cars, then sells insights to insurance companies to help them price premiums more fairly. The company is hard to replace because insurance companies have built their computer systems around CMT's data feeds, and competitors owned by insurance companies like Allstate and Progressive cannot sell to their rivals without conflicts of interest. However, a hacking attack in June 2026 may have stolen customers' location and driving information, which directly threatens the trust that insurers place in CMT, and lawsuits over how the company handled the breach could create serious legal and business problems in the second half of 2026.

Why

AI pressure: None apparent. Frontier AI labs lack consented sensor data and insurer SDK access, so they cannot copy this pipeline; CMT instead uses AI internally for its DriveWell Atlas scoring model. Could AI do the core job? Only partly.

Bigger players: LexisNexis Risk Solutions and Verisk. Both hold rich insurance data and could build a neutral telematics scoring product, but neither has shipped one yet. Could a giant copy it? No, they are blocked.

What protects it. 15 years of 75+ petabytes of driving data plus SDK integration inside 21 of the top 25 U.S. auto insurers.

What would change this call

State Farm or Allianz publicly pauses or exits a CMT deployment in Q3-Q4 2026. Would show breach fallout is costing CMT its core insurer distribution.
CMT confirms or denies breach scope and PII exposure by September 2026. Clarifies whether the trust seal underlying its moat is actually broken.
LexisNexis or Verisk announces a shipped neutral telematics product win at a top-5 insurer. Would show the incumbent data players are converting CMT's breach into real account losses.

Key numbers

Serves 21 of top 25 U.S. auto insurers (2026-03-20)
Protects about 65 million drivers globally (2026-05-06)
$350M secondary round led by TPG and Allianz (2026-03-24)

Named risks

Active unconfirmed ransomware breach (CoinbaseCartel, June 2, 2026) targeting core location/driving PII trust asset. Severity: high
Law firm Schubert Jonckheer and Kolbe investigating breach-notification-law violations as of July 14, 2026. Severity: high
Valuation flat at ~$1.5B since 2018, with March 2026 round being secondary not new balance-sheet capital. Severity: medium
Neutral data incumbents like LexisNexis or Verisk could bundle telematics without insurer conflict-of-interest barrier. Severity: medium
Inconsistent public headcount and driver-count figures across CMT's own releases suggest messaging discipline gaps. Severity: low

Rivals, as read in July 2026

Rival	Direction	Evidence
Arity (Allstate)	contesting	Insurer-owned rival blocked from competing insurers' data by conflict of interest, as of March 2026
Progressive Snapshot	contesting	Insurer-owned telematics program structurally cannot serve rival insurers, unlike CMT's neutral model
Zendrive	contesting	Named repeatedly as CMT's closest direct smartphone-telematics competitor per CB Insights comparisons
LexisNexis Risk Solutions	gaining on	Neutral data incumbent with no insurer conflict, could bundle telematics though no competing product shipped as of 2026
Verisk	gaining on	Insurance data giant unburdened by insurer conflict, cited as prospective threat though not yet shipped a rival product

Questions people ask

Is Cambridge Mobile Telematics profitable?: CMT does not publicly disclose audited financials. Aggregator estimates put 2024 revenue between $77.5M and $103.3M against a $1.5B valuation set back in 2018, but these figures are unconfirmed and profitability has not been stated by the company as of July 2026.
Did Cambridge Mobile Telematics have a data breach?: Yes. A ransomware group calling itself CoinbaseCartel claimed an attack on CMT on June 2, 2026. As of July 14, 2026, CMT is under investigation for a breach involving driver location and insurance data, with the incident unconfirmed by the company.
Who owns Cambridge Mobile Telematics?: CMT is privately held, founded in 2010 by MIT professors Hari Balakrishnan and Sam Madden with Bill Powers as a spinout of MIT's CarTel project. SoftBank Vision Fund invested $500M in December 2018, and TPG Rise Funds, Allianz X, and State Farm hold stakes as of March 2026.
Could AI replace Cambridge Mobile Telematics?: Unlikely soon. CMT's moat rests on 75+ petabytes of proprietary consented driving-sensor data collected over 15 years plus deep SDK integrations inside insurer apps like Allianz and State Farm, which frontier AI labs cannot replicate without consented data or insurer distribution as of March 2026.
Is Cambridge Mobile Telematics a safe place to work right now?: CMT employed about 450 people worldwide as of March 2026 and was actively recruiting roughly 30 additional AI-focused roles in Cambridge, funded by its $350M March 2026 raise, though a June 2026 ransomware claim and ongoing breach investigation as of July 14, 2026 add reputational risk.
Who is Cambridge Mobile Telematics' biggest competitor?: Zendrive is repeatedly named as CMT's closest direct rival in smartphone-based driving-risk telematics, while insurer-owned platforms like Allstate's Arity and Progressive's Snapshot compete but face conflict-of-interest limits since rival insurers won't route data through a competitor's platform.

Timeline

2026-07-14CMT reported under investigation for data breach involving driver location and insurance data
2026-07-07DriveWell Fleet made available on the Geotab Marketplace for commercial auto insurance
2026-06-02Ransomware group CoinbaseCartel claimed a cyberattack on CMT
2026-05-06CMT named to inaugural TIME100 Companies Industry Leaders AI list
2026-05-01DriveWell Atlas won 2026 Edison Award Gold
2026-03-24TPG Rise Funds and Allianz X led $350M secondary investment, State Farm participating
2025-10-15CMT launched DriveWell Atlas, a foundation model for mobility telematics
2023-04-03CMT acquired Croatian insurtech Amodo
2018-12SoftBank Vision Fund invested $500M, setting ~$1.5B valuation
2010CMT founded by MIT professors Hari Balakrishnan, Sam Madden and Bill Powers

Revision history

29 July 2026

First assessed. Defensible for now. The text above is fixed as of this date and is not edited afterwards.

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