Otonomo completed the acquisition of The Floow for $69m.

Otonomo, a mobility intelligence company, completed the acquisition of The Floow, a SaaS provider of connected insurance technology, for $69m. “We are pleased to announce the successful closing of the acquisition and we look forward to benefiting from the complementary set of insurance data solutions, customers and markets that The Floow brings. By combining The Floow’s established portfolio of connected insurance clients and strategic partnerships with Otonomo’s connected car platform, we believe that we are now even better positioned to offer superior intelligent and connected solutions to the global data mobility market," Ben Volkow, Otonomo CEO.