![]() The latter is particularly interesting.ĭawn Capital’s Norman Fiore said in a statement: “What most impressed us about the Automile team was its burning ambition of owning the vast connected car market, tempered by its pragmatism and execution excellence in dominating fleet management as the first step. In the future, Automile plans to offer an API, making its service and data available to third-party developers who can use it to power new applications in the areas of fleet management, logistics, insurance or in entirely new markets. Or, for individual use, Automile can potentially “turn back the clock” to tell you when and where a vehicle was damaged or a part failed. These include capturing outside weather data to help power weather forecasting models, and providing road condition aggregate data to improve safety. One way to think of the device is like a fitness tracker (and more) for your car, with its ability to track journeys, mileage and fuel consumption, as well as alert you to potential mechanical issues.Īnd while the data captured is currently being used primarily to power fleet management applications, via the company’s Automile PRO service, the startup says it has other potential applications. The device itself features GPS for location tracking and GSM for data connectivity, which is included as part of the service’s subscription fee. ![]() Initially targeting the enterprise - namely fleet management - but with a consumer-facing service in private beta, the Automile platform consists of a tiny device that plugs into your car’s OBD-II (on-board diagnostic) port and an accompanying cloud service and apps. The investment was led by Dawn Capital and Point Nine Capital - money that will be used by the Swedish startup to expand globally and continue developing new services for car owners. “I am old enough to say this is the company I want to list myself,” he says.Automile, which offers a device and platform that connects your car to the cloud so you can track various kinds of data, has closed a $5 million Series A round. With Automile, Nylander believes he's got a chance to outstrip both of those if he can meet his own targets like next year's plan to reach $17 million in annualized recurring revenue. By that time Nylander was long gone JAYS never became the type of breakout success that has resonated with consumers for years since. His second company, a high-end headset and headphone maker called JAYS, he handed off to other management before they took it public in Sweden. The eventual goal this time around is different, too. The new funding brings Automile’s total raised to date to $47 million, with investors SaaStr Fund, Point Nine Capital, Dawn Capital and Salesforce Ventures are returning in the round. spans 300,000 alone. But he has a lot more help this time from venture capitalists who like the predictability of Nylander's contracts, too. The market of businesses with between one and 10 vehicles, the entrepreneur says, in the U.S. Automile offers a smart device that can can manage vehicles using its mobile and web apps. With relatively small customers compared to competitors like Fleetmatics, Nylander will need to maintain his growth rate across many more thousands of small customers if that’s to become a reality. Home Car Dealers Audi Westwood - Westwood, MA 02090 Audi Westwood 4. And it’s a fast growing company in a wide open market that’s seen the older leader, Fleetmatics, get gobbled up for $2.4 billion. It’s already got four offices, three in Europe including an engineering team in Nylander’s native Sweden. With the goal of uniting dealers in the area of Broadway Avenue and Rockside Road, the Bedford Automile was established in an effort to promote each dealer individually while banding together as a group. Automile works with 7,000 paid customers today who have it on pace to make recurring revenue of $6 million this year, growing between 8% and 10% each month. After being formally organized in 1956, the historic Bedford Automile has provided car shoppers with miles of smiles for over 60 years. The contracts are relatively small and the customers lacking the viral potential of young music fans, but what Nylander has now is a steadily growing business. The typical company has eight cars connected by Automile, paying between $15 and $25 for each one per month. The startup he launched, Automile, sells to customers like plumbers and construction firms, who pay to install a piece of hardware in their vehicles and then track their movements and status through an app. ![]() Nylander had looked at connected health ideas before settling on fleet vehicle management software as an area that would combine his electronics expertise with the revenue model of software-as-a-service.
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