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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