BC Tech Fund, BDC Capital and Relay Ventures also participate in A round investment.
Mojio, the leading open platform for connected cars, today announced the closing of a $15M USD Series A round of financing. This new funding will further the global adoption of Mojio’s hardware agnostic, cloud-based connected car platform.
“The connected car market is heating up and our strategic investors are fueling our penetration with wireless operators and OEM’s globally,” said Mojio CEO, Kenny Hawk. “This latest round of funding will enable us to grow our engineering talent in Palo Alto, Prague and Vancouver.”
Winning with Wireless Operators
By providing all the elements needed to quickly launch secure, branded connected car apps and services, Mojio has positioned itself as the platform of choice within the cellular industry.
This funding fuels Mojio as the company supports rapid user growth via its operator partners, including T-Mobile in the United States. Mojio provides the platform and mobile app behind T-Mobile SyncUP DRIVE, the Un-carrier’s all-in-one connected car solution that launched nationwide on November 18th.
Mojio is actively hiring engineers for cutting edge technology roles in Palo Alto, Prague and Vancouver to support additional launches with wireless operators in 2017.
Strategically Aligned Investors
The additional investment from Amazon’s Alexa Fund bolsters Mojio’s vision to give every car a voice. Amazon Alexa and Mojio have been working together for more than a year, with Mojio developing one of the first Alexa skills for connected cars. That skill made it possible to ask Alexa questions about your connected car, such as, “Alexa, ask Mojio how much fuel my car has.” With this investment, the Alexa Fund is helping fuel the development of Mojio’s second generation Alexa Skill, which will harness the vast amount of automotive data being collected by Mojio’s open platform and bring new capabilities to Alexa.
“Alexa now has more than 6,000 skills, and what we hear from customers is that some of the most useful skills are those which connect people to everyday tasks,” said Steve Rabuchin, Vice President, Amazon Alexa. “We’ve been impressed with Mojio’s innovation in the connected car space, and we’re excited to help them expand their capabilities and bring new, innovative skills to Alexa.”
“The Mojio team has built a leading, scalable platform and mobile app for connecting the 500 Million+ unconnected cars,” said Thomas Vogel, Investment Director of Deutsche Telekom Strategic Investments. “Kenny Hawk (CEO) has built an experienced team with a track record of building highly successful businesses and we look forward to supporting Mojio’s growth.”
“The connected car market is at a major inflection point and we are thrilled to invest in the Mojio team and this amazing opportunity,” said John Occhipinti, Partner at Relay Ventures. “Just as my family has grown to love this product, we are excited to see others experience keeping their teen drivers safe, saving time coordinating busy schedules, and enjoying T-Mobile’s in-car LTE Wi-Fi hotspot on long trips to Lake Tahoe.”
Founded in 2012, Mojio is the leading open platform for connected cars. Trusted by the world’s top wireless carriers, including Deutsche Telekom and T-Mobile, Mojio is the platform of choice for scalable deployment of secure connected car apps and services for enterprise customers, including wireless carriers, auto manufacturers, car dealers, insurers and fleets.
Mojio unlocks hidden telematics data from nearly any car, bringing “dumb” cars into the Internet of Things and enabling a new suite of automotive experiences that provide something we’ve all been searching for: peace of mind for our cars and the people in them.