UPDATED 13:30 EDT / JUNE 08 2015

NEWS

Vinli raises $6.5M in Series A for connected car technology

Monday was a big day for connected car startup Vinli, as the Dallas-based company announced a $6.5 million Series A funding round led by Samsung Venture Investment Corp. Other major investors included Cox Automotive, The Westly Group, and Continental.

Vinli CEO Mark Haidar said in a statement:

We believe Vinli will change how people interact with their cars on a day-to-day basis by making cars smarter, safer and more enjoyable. We are honored to be partnering with one of the world’s largest consumer electronics companies, Samsung; one of the largest auto suppliers, Continental; one of the largest car ownership companies, Cox Automotive; and one of Tesla’s early investors, The Westly Group. This diverse group of auto and technology industry leaders believe in our vision and will help us accelerate and shape the future of the connected car.

Vinli’s $99.99 device will give users a relatively inexpensive way to connect to their car’s computer via their smartphones. The device plugs into the vehicle’s OBD II port, a standard feature located under the dashboard in most cars, and it connects to users’ smartphones via Bluetooth. The company has also partnered with T-Mobile, who will provide wireless connectivity for the device. Vinli says that installation is “as easy as plugging a USB drive into your computer.”

Aside from the OBD device itself, Vinli will also be launching with its own app store, which includes applications that can diagnose mechanical problems, search for nearby parking lots, track a stolen vehicle, and more. There is even an app that gamifies safe driving habits.

Vinli provides developers with full access to its SDK and API, and the app store has over 150 applications currently in development.

Luis Arbulu, Director of Strategic Investments at Samsung Global Innovation Center, said:

Vinli is focused on bringing the most personalized, best driving experience possible to modern drivers, one that enables smooth connectivity to their favorite apps. We are excited about Vinli’s innovative technology and look forward to welcoming the team to the Samsung family.

The first units are expected to ship in August 2015, and they are available for pre-order now via the company’s Indiegogo campaign. Watch a video of the device in action below.

 

Image credit: Vinli

A message from John Furrier, co-founder of SiliconANGLE:

Show your support for our mission by joining our Cube Club and Cube Event Community of experts. Join the community that includes Amazon Web Services and Amazon.com CEO Andy Jassy, Dell Technologies founder and CEO Michael Dell, Intel CEO Pat Gelsinger and many more luminaries and experts.

Join Our Community 

We are holding our third cloud startup showcase on Sept. 22. Click here to join the free and open Startup Showcase event.

“TheCUBE is part of re:Invent, you know, you guys really are a part of the event and we really appreciate your coming here and I know people appreciate the content you create as well” – Andy Jassy

We really want to hear from you, and we’re looking forward to seeing you at the event and in theCUBE Club.

Click here to join the free and open Startup Showcase event.