According to ChicagoInno, High Definition Vehicle Insurance (HDVI), founded in 2018, announced Wednesday that it raised $16 million in a Series A funding round led by 8VC and Munich Re Ventures, with additional participation from Qualcomm Ventures and Autotech Ventures.

High Definition Vehicle Insurance delivers more value to fleets for the same insurance premium. HDVI brings high-quality telematics and an integrated suite of software and support to fleets-all included within the cost of a smart, competitive insurance policy.