Drivemode - About the company
Drivemode is an acquired company based in San Jose (United States), founded in 2014 by Hokuto Ueda. It operates as an App-based digital assistance for driver. Drivemode has raised $11.8M in funding from investors like Panasonic, Incubate Fund and Honda Xcelerator Ventures. The company has 54 active competitors, including 9 funded and 2 that have exited. Its top competitors include companies like Cerence, drivebuddyAI and EasyConnection.
Company Details
App-based digital assistance for driver. The platform offers access to common phone functions like calls, messages, navigation, apps, and music. App is available for Android and iOS devices.
- Website
- www.drivemode.com/
- Email ID
- *****@drivemode.com
Key Metrics
Founded Year
2014
Location
San Jose, United States
Stage
Acquired
Total Funding
$11.8M in 4 rounds
Latest Funding Round
Ranked
1st among 54 active competitors
Employee Count
153 as on Aug 31, 2026
Exit Details
Acquired by Honda (Oct 07, 2019)
Legal entities associated with Drivemode
Drivemode is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
DRIVEMODE, INC. CIN: 1702007 , United States, Active | $1 - $1M (As on Apr 07, 2017) | - | - |
Drivemode's acquisition details
Drivemode got acquired by Honda on Oct 07, 2019.
Click here to take a look at Drivemode's acquisition in detail
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Drivemode's funding and investors
Drivemode has raised a total funding of $11.8M over 4 rounds. Its first funding round was on Jan 01, 2014. Its latest funding round was a Series A round on Mar 23, 2017 for $*****. 4 investors participated in its latest round. Drivemode has 7 institutional investors.
Here is the list of recent funding rounds of Drivemode:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 23, 2017 | 8152929 | Series A | 2714341 | 3035536 | 6095804 | 9589891 |
2015 | 9509 | Seed | 3041 | 2687 | 9934 | 7672 |
Dec 11, 2014 | 8817477 | Seed | 9739474 | 6284465 | 7665817 |
View details of Drivemode's funding rounds and investors
Drivemode's founders and board of directors
Founder? Claim ProfileThe founders of Drivemode is Hokuto Ueda.
Here are the details of Drivemode's key team members:
- Hokuto Ueda: Co-Founder of Drivemode.
View details of Drivemode's Founder profiles and Board Members
Drivemode's employee count trend
Drivemode has 153 employees as of Aug 26. Here is Drivemode's employee count trend over the years:
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Drivemode's Competitors and alternates
Top competitors of Drivemode include Cerence, drivebuddyAI and EasyConnection. Here is the list of Top 10 competitors of Drivemode, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Drivemode 2014, San Jose (United States), Acquired | App-based digital assistance for driver | $11.8M | 63/100 | |
2nd | Cerence 2019, Burlington (United States), Public | Developer of voice and AI solutions for automotive and transportation industries | - | 53/100 | |
3rd | drivebuddyAI 2018, Ahmedabad (India), Seed | Developer of an AI-powered platform for driver and fleet safety | - | 49/100 | |
4th | EasyConnection 2013, China, Unfunded | Provider of tech-enabled connectivity and digital assistance solutions for cars | - | - | 44/100 |
5th | AI-power speech recognition platform for automobiles | $19.5M | 43/100 | ||
6th | OtoZen 2013, San Jose (United States), Unfunded | Provider of Saas-enabled driving assistance system | - | - | 42/100 |
7th | Robin 2011, Los Angeles (United States), Unfunded | Voice-enabled AI-based personal assistant app | - | - | 41/100 |
8th | Training Data 2018, Palo Alto (United States), Seed | Provider of validation training data for AI and ML models | $1.85M | 40/100 | |
9th | German Autolabs 2016, Berlin (Germany), Series A | Provides digital co-driver for vehicle | $11.5M | 40/100 | |
10th | TravelSafely 2017, United States, Unfunded | App-based platform for voice-enabled driver assistance | - | - | 39/100 |
Looking for more details on Drivemode's competitors? Click here to see the top ones
Drivemode's Investments and acquisitions
Drivemode has made no investments or acquisitions yet.
Reports related to Drivemode
Here is the latest report on Drivemode's sector:
News related to Drivemode
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Drivemode, Arity and Answer Marketplace partner to connect drivers with Insurance CompaniesTelematics Wire•Jan 25, 2019•Drivemode, Answer Financial
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Drivemode and Urgent.ly Partner to Bring Connected Car Services to Your SmartphoneMarketWatch•Jun 28, 2017•Drivemode, Urgently, urgent.ly
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Car Tech Startup Drivemode Sees $6.5M Series APYMNTS.com•Mar 24, 2017•Drivemode, Panasonic, Mitsui Sumitomo Insurance, NEC Capital Solutions and 1 other
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