Vinli, Inc., a Dallas, Texas-based developer of a connected car platform providing applications and services for consumers, developers, and distributors, completed $6.5m Series A financing.
The round was led by Samsung Venture Investment Corporation with participation from Cox Automotive, The Westly Group, and Continental. In conjunction with the funding, Director of Strategic Investments at Samsung Global Innovation Center, Luis Arbulu, and Vice President of New Ventures for Cox Automotive, David Liniado, will join Vinli’s Board of Directors.
The company intends to use the funds to grow its sales through distribution partners, expand its partnerships with key players in the automobile and technology industry, and accelerate engineering and R&D of its connected car platform, including the growth of solution partners developing and integrating data for users.
Led by Mark Haidar, CEO, Vinli provides a connected car device and platform enabling consumers to create a customized in-car experience with a mobile WiFi and an App Store. With its hardware and open platform, developers can create applications and solutions that work on over 700 million vehicles around the world. Vinli then connects the driver to comprehensive apps, Internet, and services, and finally, allows consumers to get data in a secure way.
FinSMEs
08/06/2015