TPG (The Rise Funds) and Allianz X Lead USD 350 Million Strategic Investment in Cambridge Mobile Telematics

March 24, 2026

Cambridge Mobile Telematics (CMT) announced a USD 350 million strategic investment led by TPG (via The Rise Funds) and Allianz X, with participation from State Farm. The capital will support CMT’s expansion of its global road safety telematics and AI platform, including real-time driving risk assessment and crash detection, alongside new long-term commercial agreements with Allianz operating entities.

Buyers
TPG (The Rise Funds), Allianz X, State Farm
Targets
Cambridge Mobile Telematics (CMT)
Industry
Cybersecurity
Location
Massachusetts, United States
Transaction Type
Growth capital

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