How Much Did Automile Raise?
Funding & Key Investors

Automile has successfully navigated multiple stages of capital acquisition, culminating in a total historical investment of $53.1M. The company's trajectory, marked by a recent major strategic investment of $350K, underscores its robust position within the competitive fleet management sector. By securing consistent backing from institutional investors, Automile has demonstrated a clear capacity for scaling its operations across both North American and European markets.

The firm's financial journey reflects a disciplined approach to growth, transitioning from early-stage financing rounds to significant Series B capital injections. This progression highlights the market's confidence in Automile's ability to leverage IoT and SaaS technologies to solve complex logistical challenges for businesses of varying sizes.

What is Automile?

Automile
SoftwareSupply Chain Management (SCM) SoftwareMobile App Development

Headquartered in Palo Alto with a strategic presence in Stockholm, Automile provides a sophisticated platform designed to optimize fleet performance. By integrating smart device hardware with intuitive mobile and web applications, the company offers enterprises granular visibility into vehicle diagnostics and driver behavior. This dual-focus on hardware-enabled data collection and software-driven analytics positions Automile as a critical player in the digital transformation of traditional fleet management, enabling organizations to reduce operational overhead and improve safety standards through real-time insights.

How much funding has Automile raised?

Automile has raised a total of $53M across 5 funding rounds:

2015

Other Financing Round

$5M

2016

Private Equity

$6.2M

Series A

$7.5M

2017

Series B

$34M

2020

Debt

$350K

Other Financing Round (2015): $5M with participation from Dawn Capital and Point Nine

Private Equity (2016): $6.2M led by SaaStr, Sam Nurmi, Niklas Zennström, Justin Kan, Dawn Capital, and Point Nine

Series A (2016): $7.5M supported by Atomico, Dawn Capital, SaaStr, Sam Nurmi, Justin Kan, Salesforce Ventures, and Point Nine

Series B (2017): $34M featuring Dawn Capital, SaaStr, Insight Venture Partners, and Point Nine

Debt (2020): $350K backed by PPP

Key Investors in Automile

Dawn Capital

Dawn Capital is a venture capital firm focused on backing ambitious founders building leading business software companies across Europe. The firm partners early, brings deep sector expertise, and supports teams as they scale globally.

Point Nine

Point Nine is a specialized seed-stage venture capital firm with a primary investment focus on B2B SaaS platforms and B2B marketplaces.

Insight Venture Partners

Insight Partners is a global venture capital and private equity firm that invests in high-growth technology and software companies, providing them with the capital and operational support needed to scale.

What's next for Automile?

With the recent infusion of capital, Automile is well-positioned to deepen its technological moat and expand its footprint in the global telematics market. The company's focus remains on enhancing its SaaS-based ecosystem, likely prioritizing the integration of advanced predictive analytics and machine learning to further automate fleet maintenance and compliance workflows. As the enterprise demand for connected vehicle data continues to accelerate, Automile's strategic roadmap will likely involve scaling its sales infrastructure and strengthening its partnerships with global logistics providers to maintain its competitive edge in an increasingly crowded IoT landscape.

See full Automile company page
See More Financial Insights
No matching results.
Refine your search.

Additional financial insights in the Software industry

Engineering SoftwareSoftware
SoftwareSupply Chain Management (SCM) Software
Financial SoftwareSoftware
Financial SoftwareSoftwareCredit Card ProcessingFinance

Frequently Asked Questions Regarding Automile Financial Insights

What are the most recent funding rounds that Automile has completed, and what were the funding rounds?
Automile has recently completed 3 funding rounds: Debt on Jun 19, 2020, Series B on Oct 18, 2017, Series A on Dec 26, 2016.
What is the total amount of funding Automile has raised to date?
Automile has raised a total of $53M in funding to date.
How many funding rounds has Automile completed?
Automile has completed 3 funding rounds.
How much funding did Automile raise in its most recent funding round?
Automile raised $350K in its most recent funding round.
Who are the lead investors in Automile's latest funding round?
The lead investor in Automile's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Automile's history?
The largest funding round in Automile's history was $34M.
See more information about Automile