“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, 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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