EP 171 – Bruno Fernandez-Ruiz – co-Founder & CTO at Nexar – Humans Are Teaching Computers How to Drive

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Michael Waitze worked in Global Finance for more than 20 years, employed by firms like Citigroup, Morgan Stanley and Goldman Sachs, primarily in Tokyo.  Michael lived and worked in Tokyo from February 1990 until December 2011.  Michael always maintained a particular focus on how technology could be used to make businesses more efficient and to drive P/L growth. Michael is a leader in the digital media space, building one of the biggest and fastest-growing podcast listener bases in the region.  His AsiaTechPodcast.com show has listeners in more than 130 countries and his company, Michael Waitze Media produces some of Asia’s most popular podcasts.

Bruno is co-founder and CTO of Nexar, a crowd-sourced vision company that uses dash cam images to see the road and its surroundings. Prior to founding the company, Bruno was a Senior Fellow and SVP at Yahoo! where he was the Global Head of Native Advertising. During this 8-year tenure at Yahoo, Bruno worked on search, platform, infrastructure, mobile, personalisation and advertising. Prior to that he founded OneSoup, an Open Mobile Alliance standards-based solution for seamless mobile instant messaging, later acquired by Synchronica Plc. Bruno has also held roles in the financial and consulting industries, leading large enterprise software projects for various industries and co-founding two additional start-ups. He graduated as an Ingeniero de Caminos, Canales y Puertos degree (M.Sc.) from the Universidad Politécnica de Madrid in Spain, and was an Stagiaire Ingénieur at the École Nationale des Ponts et Chaussées in France. Bruno also holds an M.Sc. in Transportation Science (Operations Research) from the Massachusetts Institute of Technology.

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The Asia InsurTech Podcast spoke with Bruno Fernandez-Ruiz, a co-founder and the CTO of Nexar, about the limitations of self-driving cars and the power of big data and AI to help people drive safer and insurers to settle claims faster and more efficiently. 

Bruno and his co-founder Eran Shir founded Nexar with the idea to create a web-search-like functionality for the physical world. Nexar uses AI and IOT cameras to help drivers be safer by informing them about road conditions and possible dangers. The startup is crawling the footage of its hundred of thousand dash cams to understand the physical conditions in real-time. 

Nexar’s solution aims to make driving safer for everyone and minimize collisions. Firstly by helping people to spot dangerous situations but also by teaching drivers how to become better drivers. Nexar is using a gamification feature to encourage people to improve their driving skills.  However if a crash does happen the collected data helps streamline the claims management process. Nexar’s insurance offering uses video FNOL and unique first and third-party collision reconstruction, based on AI, to make claims resolution faster and better by accurately understanding all actors on the scene. It can also provide crowd-sourced information about types of collisions and dangerous areas.

Nexar is used all over the world, from Mitsui Sumitomo Insurance in Japan, which uses Nexar for collision reconstruction for hundreds of thousands of vehicles, to New York’s largest rideshare operators and insurers, and is now available in Singapore and across Asia Pacific.

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