Automile Raises $34M in Series B
Summary
PALO ALTO, CA, Internet of Things (IoT) company announced that it has raised a $34 million Series B round led by Insight Venture Partners. In just minutes, your entire fleet becomes instantly connected and managed in the cloud," said Jens Nylander, CEO and founder of Automile. "Automiles relentless focus on self-service and customer satisfaction has led them to efficient growth in an underpenetrated market with many small and medium-sized businesses," said Jeff Horing, managing director at Insight Venture Partners. It is used by businesses of all sizes across the United States and Europe to optimize fleet performance, gain greater visibility into their drivers and vehicles and ultimately improve the bottom line. Headquartered in Palo Alto, Calif. and offices in Sweden and Norway, Automile continues to leverage SaaS and IoT technology to disrupt the traditional approach to fleet management.
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