Interesting start-up in the world of connected cars!
The financial company is leading the $24 million funding round for Automatic. Automatic, a startup that makes a device that shares engine and diagnostic data from your car, has raised $24 million. An investment subsidiary of USAA, CDK Global, and Comcast Ventures joined existing investors Y Combinator, RPM Ventures, Anthemis Group and Amicus Capital in the round. The $99 device from Automatic plugs into a car’s on-board diagnostics port and transfers detailed data about the car to your smartphone. Its current device connects to the phone using Bluetooth and shares data over the phone’s connection, but a planned next generation product will include cellular connectivity, which gives it similar features to its primary competitor in this market—Zubie.