Automatic Labs, a San Francisco-based connected car platform, raised $24m in Series B funding.
Backers included CDK Global, USAA, Comcast Ventures.Y Combinator, RPM Ventures, Anthemis Group, Amicus Capital, and angel investors Mark Goines, Jared Kopf, Rob Chandhok and Dan Rose.
The company, which has raised $32m in total, intends to use the funds to accelerate growth and continue expanding its recently launched app gallery and developer platform.
Founded in 2011 by CEO Thejo Kote, Automatic combines a smartphone app and in-car device to allow drivers to enhance their driving experience with a host of connected services.
Applications diagnose engine trouble, detect accidents and send emergency response, and help customers save money on driving. Developers can use the platform to build services and applications that use car driving data with interoperable access to nearly every car type on the road.
Automatic is available for sale at Apple.com, Best Buy, Target, Amazon, and direct on its own site for $99.95 with no ongoing service fees.
FinSMEs
26/06/2015