![]() ![]() ![]() Learn more at: About Dawn Capitalĭawn Capital is an early stage VC firm based in London investing in startups across Europe. The fund and its managers have backed a number of highly successful SaaS companies such as Zendesk, Humanity, Clio and Vend from their earliest stages. Point Nine Capital is a Berlin-based venture capital firm focused on early-stage investments in the areas of Software- as-a-Service (SaaS), marketplaces and mobile across Europe and North America. Cars are an integral part of the transportation infrastructure and we are excited to work with Automile to make ‘All Cars Connected’”, says Rodrigo Martinez at Point Nine Capital. Together, they have built an elegant and simple API-first solution for transportation. “We are very impressed by Jens and his team. “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”, says Norman Fiore of Dawn Capital. With this investment, new markets will be opened and more applications can be developed”, stated Automile Chairman and angel investor Martin Hauge. “Automile already has a proven product in the market with their low cost and easy-to-use Fleet Management system. With Automile PRO, fleet owners make substantial financial savings and dramatically increase operational efficiency while reducing their environmental impact and increasing employee safety. The company is targeting 300% growth for 2015 and already counts multiple Fortune 500 companies as customers. The company is growing revenue rapidly having launched its own apps leveraging the Automile platform in the fleet management sector. In addition we will begin to build a great sales organization that enables us to establish Automile in new markets”, says Jens Nylander, co-founder of Automile. “With this new investment, we will continue to strengthen our development team to further improve our services and product. Going forward, Automile’s platform and data are available to third party developers via a fully featured API, powering new applications whether in the large traditional sectors of fleet management, logistics, insurance or in entirely new markets. Alternatively, for an individual vehicle, Automile can turn back the clock and pinpoint when and where a vehicle was damaged or a part failed. Similarly, vehicle behavior data is being aggregated to map individual road conditions to enhance safety. For example, with data from its existing customers the company already finds itself with the largest data set of outdoor temperatures in Scandinavia which is being fed to weather forecasting models. Today, this data is being used primarily to power fleet management applications, however, the richness of the data means it can be flexibly used in many areas. This currently makes Automile the fastest growing car sensor database in Europe. ![]() In the last 12 months, Automile has processed millions of car trips corresponding to over 5 billion sensor samples. Today, Automile already connects large numbers of vehicles and for each sends a stream of sensor data to the cloud. With 1.2 billion cars in the world today, cars are expected to become the second largest market for connected things, after the home market. ![]() The funding was led by Dawn Capital and Point Nine Capital. With this new investment, Automile will expand its global presence and continue developing new services for car owners. Automile app serial#Automile, the Swedish platform that connects cars and their data to the cloud founded by serial entrepreneur Jens Nylander, has closed $5 million in Series A funding. ![]()
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