Nexar and Nauto to merge

Nexar and Nauto have entered into a definitive agreement to merge.

The combined company will provide real-world driving intelligence to automakers, autonomous vehicle developers, fleets, insurers, and infrastructure clients. It will combine more than 300 million miles of driving data captured each month with over 10 billion miles of historical driving data.

Founded in 2015, Nexar has raised $149.5 million and has a team of about 141 employees, according to LinkedIn. The company has insurance partnerships with HDVI and Cover Whale.

Nauto, also founded in 2015, has raised $173.85 million and is backed by Allianz X. According to LinkedIn, it has a team of about 137 employees, down 11% over the past year.

Following the merger, Nexar CEO Zach Greenberger will lead the combined company, while Nauto founder and CEO Stefan Heck will serve as chairman of the board.