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Comcast invests in connected car firm Automatic Labs

Wednesday 1 July 2015 | 10:24 CET | News
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Comcast Ventures has joined new investors USAA and CDK Global in a USD 24 million Series B funding round by connected car device and app company Automatic Labs. The company's existing investors include RPM Ventures, Y Combinator and angel investors. Its first product, the Link, plugs into vehicle onboard computer via a diagnostic port available in all cars made since 1996. Drivers can use Automatic to access apps designed for roadside assistance, safety, fuel savings, intelligent parking and entertainment. Enterprise customers also use Automatic to price usage-based-insurance, manage fleets

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Categories: Mobile & Wireless
Companies: Comcast
Countries: United States
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