Nexar was founded by Eran Shir and Bruno Fernandez-Ruiz last year in Tel Aviv. Since then, they have managed to raise $4 million fund from Aleph Venture Capital and Slow Ventures. The company has developed a new free mobile phone apps which currently available in iPhone with the same name, Nexar.
Nexar is designed to use computer vision to understand the road situation surround it. When mounted to a car’s dashboard, the app will turn to a dash cam but with additional features. Therefore, instead of just passively recording the road like a regular dash cam, it is able to identify things such as traffic signals, license plates or other cars. On top of that, it is also able to detect if the driver brakes hard or if there has been an accident.
Another cool feature of the apps is that if accident happens, it is able to recreate it in 3D modelling for human to understand what happened in details, for example, what angle the car was hit, how heavy the impact was and if the accident was bad enough for the driver to be injured.
Nexar was running on beta version for the past few months with about 200 cars around the Bay Area for the past few months, mostly with Uber and Lyft drivers. Therefore, it has been collecting and analyzing a total of about 100,000 miles per road per week. In the future, Nexar will also be available as a service. It is not going to be working individually anymore but more to a network. Therefore, in a scenario whereby if a Nexar user encounters a road rage driver, then the app will be able to identify the driver again through his/her license plate and when the Nexar user encounters him/her again next time, the apps will be able to alert the user.