OpenEyes is a commercial auto insurance company that integrates advanced technology to enhance fleet safety and reduce operational costs. Founded in 2019, the company is headquartered in Austin, Texas, and has a team of approximately 34 employees.
Company Overview
OpenEyes offers a comprehensive suite of tools designed to manage fleet operations, prevent accidents, and save costs. Their technology is adaptable to various commercial vehicles, providing real-time risk mitigation and customized training for drivers.
Financial Performance
As of 2024, OpenEyes has secured a total funding of $23 million, including an $18 million Series A round in February 2023. The company's estimated annual revenue is approximately $5.9 million, with a revenue per employee of $167,200.
Market Position
OpenEyes operates in the commercial auto insurance sector, focusing on integrating technology to improve safety and reduce costs. The company's innovative approach positions it as a competitive player in the industry.
Competitive Landscape
OpenEyes faces competition from companies like Syntactx, CitySpade, Slice Labs, ThinkBRQ, and Novotel New York. These competitors offer various services within the insurance and technology sectors, contributing to a dynamic market environment.
Leadership Team
The leadership team at OpenEyes includes:
- Yoav Oron: CEO & Co-Founder
- Omry Sendik: CTO & Co-Founder
- Dan Charash: Chairman & Co-Founder
- Roee Pargament: Chief Operating Officer
- Gary Flaherty: Chief Insurance Officer
- Jim Gulley: Head of Underwriting
Recent Developments
In May 2023, OpenEyes appointed Gary Flaherty as Chief Insurance Officer to lead the development of their insurance platform. Additionally, the company emerged from stealth mode in February 2023 with significant funding to advance its mission of reducing accidents and insurance costs.
