In this round, an investment subsidiary of USAA, CDK Global and Comcast Ventures will join existing investors Y Combinator, RPM Ventures, Anthemis Group, Amicus Capital and prominent angel investors such as Mark Goines, Jared Kopf, Rob Chandhok and Dan Rose. This latest funding comes on the heels of the launch of the Automatic App Gallery, an app store for your car, and an open car development platform to drive a rapidly growing car app ecosystem. The new investment brings the total amount raised by the company to $32 million and enables Automatic to continue its mission of transforming the car ownership experience with a host of connected car apps built on the Automatic platform.
‘Our mission is to transform car ownership experience by enabling the world’s best developers to build world-class car apps and services,’ said CEO and co-founder Thejo Kote. ‘Our new investors are two of the most respected and admired companies in their industries. Together, we are building the future of the connected car. ”
Automatic will use this new investment to accelerate growth and continue to expand its recently launched App Gallery and Developer Platform. With Automatic, almost every car on the road today can connect to a world of third-party car apps that enhance almost every imaginable aspect of car ownership, from spending business mileage and managing small fleets to coaching teenagers and track racing. Built using the Automatic Developer Platform, the easiest way for developers to build and distribute connected car apps, these apps let cars instantly reach a completely new level of intelligence and utility by unlocking data power on the car’s on-board computer. In the coming months, the company plans to expand its development platform and driver application offerings.
The latest round of funding is led by an investment subsidiary of USAA USAA, one of the nation’s leading providers of insurance and financial services for military families known for its industry-leading customer satisfaction, serves 11 million members. Also participating is CDK Global, which provides state-of-the-art integrated technology solutions that power 27,000 car dealers worldwide, six of the top ten dealer groups and a majority of all new car sales in the U. Oh, S Together, Automatic and CDK Global will improve the sales and service experience of millions of car owners, something that has not changed significantly since the birth of the automotive industry.
‘Automatic is breathing new life into car ownership by connecting any car on the road today to a world of apps that help with everything from sending emergency assistance after an accident to easily filing expense reports,’ said Victor Pascucci, Head of Corporate Development at USAA. ‘This is an incredibly significant innovation for the automotive industry, and we are excited to invest with Automatic in this future. ”
‘Automatic is redefining the relationship between drivers and their vehicles through amazing software-driven experiences,’ said Greg Meyer, CTO of CDK Global. ‘They are promoting a robust development platform for the connected car. We share their vision of the future and strongly believe that they offer the best connected car platform on the market, hands down. ”
Automatic turns almost any vehicle into a connected car. By pairing the Automatic app with an in-car device, drivers can enhance their driving experience with a host of connected services. Automatic helps customers drive safer and smarter with applications that diagnose engine problems, detect accidents and send emergency response, and save money. Developers can use the Automatic platform to build services and applications that use driving data with interoperable access to almost every car on the road. Automatic is being sold to Apple Com, Best Buy, Target, Amazon, and direct $99 on your own site. 95 without any ongoing service charges Automatic Labs was founded in 2011 and is based in San Francisco. Visit www for more information. Automatic, automatic Come on,
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