What is CloudCar?
CloudCar is at the forefront of developing advanced connected car technology, specifically targeting global automotive original equipment manufacturers (OEMs). The company's core innovation lies in its platform, which synergizes machine learning with voice-first infotainment systems. This integration aims to create a deeply personalized and seamless driving experience for users on the road. Established in 2011 and headquartered in Santa Clara, California, CloudCar also maintains a global presence with offices in the UK, France, Germany, and China. Its industry recognition includes being named one of the 20 most promising Automotive Technology Solution Providers and receiving the Global IoT Cloud Company of the Year award in 2019, signaling its strong market position and technological leadership.
How much funding has CloudCar raised?
CloudCar has raised a total of $58M across 3 funding rounds:
Series A
$11.5M
Private Equity
$15M
Series B
$31.5M
Series A (2012): $11.5M, investors not publicly disclosed
Private Equity (2017): $15M led by JAGUAR LAND ROVER
Series B (2017): $31.5M, investors not publicly disclosed
Key Investors in CloudCar
JAGUAR LAND ROVER
Jaguar Land Rover Automotive PLC is a British multinational automobile manufacturer known for its luxury vehicles and SUVs. As a significant player in the automotive industry, their investment suggests a strategic alignment with CloudCar's vision for connected car technology and driver experience enhancement.
What's next for CloudCar?
The substantial enterprise-level capital infusion positions CloudCar for accelerated growth and further innovation in the rapidly evolving automotive technology landscape. With a focus on enhancing the driver's experience through sophisticated AI and integrated infotainment, the company is poised to deepen its partnerships with global OEMs. Future strategic initiatives will likely involve expanding its technological capabilities, scaling its global operations, and solidifying its market leadership in connected car solutions. This significant investment provides the necessary resources to pursue ambitious development goals and capitalize on emerging opportunities within the automotive industry.
See full CloudCar company page
