Nexar and Nauto announced that they have entered into a definitive agreement to merge. Financial terms of the transaction were not disclosed.
The merger brings together two companies focused on real-world driving intelligence. And the combined company will integrate complementary AI models, datasets, technologies, and customer relationships.
Nexar CEO Zach Greenberger will serve as CEO of the combined company. Nauto founder and CEO Stefan Heck will chair the combined board.
The companies said the merger will create an independent intelligence platform for Physical AI, providing organizations with insights into how the physical world behaves.
The combined company’s intelligence engine will be powered by more than 300 million real-world miles captured every month across more than 50 countries.
Together, the companies represent more than 10 billion miles of driving history.
The companies said this scale, independent of any single manufacturer, will support intelligence that cannot be matched by simulation or a single company’s dataset.
For developers building autonomous and intelligent systems, the combined platform is expected to provide real-world records, edge cases, and ground truth data.
For fleets, cities, and infrastructure operators, the platform is designed to help predict and prevent incidents while turning real-world events into operational intelligence.
For insurers, the platform is intended to support risk pricing based on actual road and driver behavior rather than broad averages.
Existing Nexar and Nauto customers will continue working with the teams, products, and support organizations they use today.
The companies said customers will gain access to deeper intelligence, more predictive AI, and a broader understanding of physical-world behavior.
The combined company will remain independent from the vehicles, systems, and manufacturers it measures.
The companies said that structural independence is intended to make the platform’s real-world intelligence more trustworthy.
BofA Securities served as financial advisor to Nauto.
Fenwick & West served as legal counsel to Nauto.
The transaction is subject to customary closing conditions.
After the transaction closes, the combined company plans to share additional details about its roadmap and vision.
Nexar operates an independent real-world driving network that captures more than 100 million miles of real-world driving every month across 94% of U.S. roads and more than 50 countries.
Its data and models support safety, intelligence, and verification tools for automakers, autonomous vehicle developers, insurers, and government infrastructure clients.
Nauto develops AI-powered safety and risk technology for enterprise fleets, vehicle manufacturers, and insurance companies.
The company’s platform helps prevent collisions and improve driver performance using driver behavior, fleet risk, road context, maneuvers, and telematics data.
More than 1,000 fleets worldwide use Nauto’s technology.
KEY QUOTES:
“By bringing together Nexar and Nauto, we are building the world’s largest and most diverse independent foundation for real-world intelligence. For the first time, the organizations that build, deploy, and operate intelligent systems have a trusted, independent record of how the world actually behaves, not just how it has been simulated. That is what lets organizations ask the physical world questions and act on the answers.”
Zach Greenberger, CEO of Nexar
“Every organization we work with needs the same three things: to understand what is happening right now, to learn from what happened before, and to predict and prevent what has not yet come to pass. For the first time, all three exist in one place. Together, Nexar and Nauto bring a scale and independence that turn those answers into decisions anyone can act on.”
Stefan Heck, Founder and CEO of Nauto
