Connected car platform Mojio locks in $40 mln Series B
Summary
Mojio raised $40 million USD in the round, including strategic investments from Assurant, the world’s leading provider of vehicle protection services and extended warranties; Bosch, the top tier-one supplier to the global automotive industry; and T-Mobile, America’s fastest-growing wireless company. With backing from leading automotive, IoT and telecom brands, Mojio’s oversubscribed series B funding round validates the company’s leadership position in the emerging connected mobility space. Mojio will use the funding to invest in the talent and technology required to meet the evolving needs of Mojio’s enterprise customer base, which includes Assurant and nine mobile network operators across six countries, with more to launch in 2019. Scalable, secure and hardware-agnostic, Mojio is the cloud platform and SaaS provider of choice for automakers and mobile network operators looking to build profitable connected car services. Founded in 2012, Mojio has growing teams in Silicon Valley and Vancouver, and has some of the world’s biggest brands as customers, investors and partners, including Amazon, Assurant, Bosch, Deutsche Telekom, Microsoft, SAP and T-Mobile.
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