Mojio, a Campbell, CA-based technology platform and SaaS provider for connected cars, raised $40m in Series B funding.
Backers included Assurant, Bosch, T-Mobile, Innogy Ventures, Iris Capital, Telus Ventures, Trend Forward Capital, Kensington Capital, Amazon Alexa Fund, BDC IT Venture Fund, Deutsche Telekom Capital Partners and Relay Ventures.
The company intends to use the funds to invest in talent and technology required to accelerate the adoption of connected car services and expansion of IoT offerings.
Founded in 2012 and led by Kenny Hawk, CEO, Mojio provides a cloud platform for automakers and mobile network operators to build connected car services. With real-world data gathered from more than 7 billion miles of driving, the company provides a big data analytics framework that uses machine learning to generate actionable insights, uncovering the next generation of revenue streams for companies throughout the automotive value chain.
Mojio has teams in Silicon Valley and Vancouver, and has some of the world’s biggest brands as customers, investors and partners, including Amazon, Assurant, Bosch, Deutsche Telekom, Microsoft, SAP and T-Mobile.