Fleetonomy, a Tel Aviv, Israel-based provider of a fleet management platform, secured $3m in seed funding.
The round was led by Vertex Ventures, with participation from Kardan Ventures and VectoIQ. As part of the deal, Fleetonomy has added Steve Girsky, Former Vice Chairman of GM and Mary Chan, Former On-Star Executive to its board of advisors.
The company intends to use the funds to expand technology development and grow to additional markets in the coming year.
Co-founded by Israel Duanis, CEO, and Lior Gerenstein, CTO, Fleetonomy provides a cloud-based fleet management platform that blends machine learning, advanced algorithms and AI to analyze key data and provide implementable insights that assist fleet operators with making strategic decisions to maximize inventory management, maintenance, and customer preferences.
The company’s platform also provides an end-to-end white label smart mobility service for any fleet operator to use and supports multiple mobility services – multipoint ridesharing, on-demand rent and personalized car subscription.
It is currently deployed in the US, UK and Germany.