Insurtech Avinew Acquires Betterdrive in California
/Insurtech company Avinew has acquired Sunnyvalye, Calif.-based Betterdrive.
Terms of the deal were not disclosed.
Ravindhran Sankar, CEO and founder, will be named director of research and development. Avinew will integrate Betterdrive’s technology into its own proprietary system for predictive risk calculations and related pricing discounts.
Betterdrive develops technology to predict the probability of accidents based on the route, time of day, traffic and weather conditions.