Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News
SYS-CON.TV
Cloud Expo & Virtualization 2009 East
PLATINUM SPONSORS:
IBM
Smarter Business Solutions Through Dynamic Infrastructure
IBM
Smarter Insights: How the CIO Becomes a Hero Again
Microsoft
Windows Azure
GOLD SPONSORS:
Appsense
Why VDI?
CA
Maximizing the Business Value of Virtualization in Enterprise and Cloud Computing Environments
ExactTarget
Messaging in the Cloud - Email, SMS and Voice
Freedom OSS
Stairway to the Cloud
Sun
Sun's Incubation Platform: Helping Startups Serve the Enterprise
POWER PANELS:
Cloud Computing & Enterprise IT: Cost & Operational Benefits
How and Why is a Flexible IT Infrastructure the Key To the Future?
Click For 2008 West
Event Webcasts
MetroMile Launches First True Pay-Per-Mile Car Insurance
New company has developed technology that unlocks and makes use of the 300 Petabytes of driving data currently trapped in cars, delivering new services that save drivers time and money

REDWOOD CITY, Calif., Dec. 5, 2012 /PRNewswire/ -- MetroMile (www.metromile.com), the technology company that aims to unlock and make use of all the world's driving data, launched publicly today and unveiled a first-of-its-kind car insurance product that charges drivers a per-mile rate for the miles they drive each month, delivering significant savings to lower mileage drivers. The company has raised over $4 million in funding from NEA, Index Ventures, First Round Capital and SV Angel. Starting today, the insurance service is available in Oregon.

(Photo: http://photos.prnewswire.com/prnh/20121205/SF23975-a)

(Photo: http://photos.prnewswire.com/prnh/20121205/SF23975-b)

MetroMile provides drivers with a proprietary device called the Metronome that they plug into their car. The Metronome extracts valuable driving data and transmits it in real-time, providing an accurate report of miles driven. Using this data, drivers pay a few cents per mile plus a low base rate each month for full coverage car insurance. Only the number of miles driven is used to calculate the rate, not when, where or how someone drives. By paying only for the miles they actually drive each month, lower mileage drivers can save 20 -50 percent for protection equal or superior to traditional car insurance products. MetroMile drivers can also access detailed and valuable driving analytics through a simple online dashboard, helping them better understand their car use.

"There is a widening gap between high mileage and low mileage drivers," said Steve Pretre, CEO and co-founder of MetroMile. "Millions of people are making conscious decisions to bike, walk and use public transit more often, benefiting the environment and livability of our cities. Traditional car insurance pricing takes the money those people should be saving based on their reduced driving and uses it to subsidize people that drive more. That is unfair and we are setting out to change it."

U.S. consumers spend $178 billion per year on car insurance.  A 2008 Brookings Institute study projected 67 percent of drivers would save money with a per-mile insurance pricing approach like the one being introduced by MetroMile. Reducing rates for such a large pool of customers would cannibalize profits for traditional auto insurance companies. With it's new approach, MetroMile can offer lower mileage drivers the savings they deserve.

The MetroMile service is powered by a unique technology platform that has been developed over nearly two years. Combining new hardware, software, and cloud-based infrastructure, MetroMile's technology allows previously inaccessible driving data to be accessed, analyzed, and managed at a massive scale.

"Driving data represents an enormous, untapped opportunity," said David Friedberg, founder and Chairman of the Board at MetroMile. "We drive three trillion miles per year in the U.S. Accessing the data from every car's on-board computer system would yield approximately 300 Petabytes of data per year.  That data can power valuable new services, like our per-mile car insurance product."

In addition to founding MetroMile, David Friedberg is the CEO of The Climate Corporation, the technology pioneer that aims to help all the world's people and businesses adapt to climate change. The Climate Corporation is helping farmers plan, manage, and protect their farming operations using data services and insurance products available through climate.com. With MetroMile, Friedberg saw significant parallels to the data management and data science challenges being tackled at The Climate Corporation.

"MetroMile and The Climate Corporation represent the leading edge of how we can combine data science, solid business models and a positive policy agenda," said Kittu Kolluri, General Partner at NEA, a lead investor in both companies. "The Climate Corporation is helping customers understand and manage the financial impact of climate change. Now with MetroMile, we aim to influence behavior at a root cause of climate change."

Beginning today, MetroMile's insurance product will be available to customers in Oregon, with plans to expand to additional states as the company gains regulatory approval. Insurance is offered for sale through MetroMile Insurance Services LLC, a licensed agent in the state of Oregon.  Oregon residents can get a quote and sign up at www.metromile.com

About MetroMile
MetroMile aims to unlock and make use of all the world's driving data, delivering new services that save drivers time and money. The MetroMile technology platform combines new hardware, software, and cloud-based infrastructure to enable the company to access, analyze, and manage driving data at a massive scale. The company's first offering, per-mile car insurance, charges based on actual miles driven so that drivers that drive less, pay less. MetroMile believes in rewarding the millions of people who consciously choose to drive less for their positive impact on the environment and the livability of our communities. Visit www.metromile.com for more information.

Media Contact:
Lisa MacKenzie
press@metromile.com
503-705-3508

SOURCE MetroMile

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Cloud Developer Stories
SYS-CON Events announced today Isomorphic Software, the global leader in high-end, web-based business applications, will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Isomorphic Software is ...
The 4th International DevOps Summit, co-located with16th International Cloud Expo – being held June 9-11, 2015, at the Javits Center in New York City, NY – announces that its Call for Papers is now open. Born out of proven success in agile development, cloud computing, and proce...
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framewo...
The definition of IoT is not new, in fact it’s been around for over a decade. What has changed is the public's awareness that the technology we use on a daily basis has caught up on the vision of an always on, always connected world. If you look into the details of what comprises...
The security devil is always in the details of the attack: the ones you've endured, the ones you prepare yourself to fend off, and the ones that, you fear, will catch you completely unaware and defenseless. The Internet of Things (IoT) is nothing if not an endless proliferation o...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021



SYS-CON Featured Whitepapers
ADS BY GOOGLE