Automile Secures $34 Million
Fleet Management Technology Startup Automile announced it has raised $34 million in Series B financing led by Insight Venture Partners. SaaStr Fund, Point Nine Capital, Dawn Capital and Salesforce Ventures participated in the funding.
Automile provides a frictionless tracking software for fleets and assets. Its intuitive interface works across all devices, providing users with full control over fleets of any size. Its high-resolution update delivers instant tracking data every 15 seconds, allowing users to track their vehicles in real time and get precise locations. The platform also features geo-fencing to give users complete control and protect their business assets. They can also record defects in seconds, add relevant notes, and snap pictures to go along with them. Plans start at just $5.90 per month.
Automile will invest the funds in sales, marketing, and product development, and it plans to open multiple new sales offices in both the U.S. and Europe.
