Gregory T. Huang, Xconomy.com
In the business of connected cars, at least one clear market has emerged: insurance. Today a Boston startup is taking a big step in that market.
Censio, which has been growing quietly next to the Harvard Innovation Lab, said Wednesday it has formed a partnership with Progressive Insurance to develop a mobile app to monitor driving data. The app, called Snapshot, captures information about how people drive—things like mileage, time of day, and braking habits—and rates drivers on safety and usage. Progressive will start testing the app with customers this month, with the goal of rolling out a finished version in 2016.
See also: Censio Announces Close of $10 Million Series A Financing From General Catalyst Partners, Bain Capital Ventures and Lakestar