05 Feb Dallas startup Vinli raises $13.5 million to fuel global expansion
Vinli, the Dallas-based connected car and data intelligence platform provider, announced today it has closed $13.5 Million in Series B funding. The round has participation from new and existing investors, including global electric utility provider, E.ON, The Westly Group, Hersh Family Investments, and Hal Brierley; bringing the total amount the company has raised to more than $20 million.
The new funding enables the company to broaden its mobility services and integrations to customers worldwide. The company is now on the fast track to add electric vehicles to its growing list of platform capabilities and expand its innovative data intelligence platform, Era, a revolutionary machine learning platform that facilitates the streaming from any data source into a secure and intelligent location.
“The investment validates our place in the industry. In the last five years, we have seen the industry unfold and evolve into an industry driven by digital services,” said Mark Haidar, CEO of Vinli. “Companies today need viable data solutions — not only to support the growing number of data sources but to deliver on the multiple service offerings to their end customers. We’re focused on making it easier for large fleets and automakers to access smarter data intelligence. It’s in helping those partners scale and be successful is what we look forward to most at Vinli.”
The investment deepens the strategic partnership with E.ON, marking Vinli’s first collaboration with an energy company. E.ON will leverage Vinli digital services and data intelligence platform, Era, to broaden electric mobility offerings and tailor solutions for electric fleets.
Vinli also recently announced a global, strategic partnership with ALD Automotive, a leader in the full service lease market, to make connected services available to its global fleet of 1.6 Million vehicles.
According to Vinli’s COO Matt Himelfarb, partnerships play a critical part of Vinli’s future expansion plans. “We like to think of our customers as our partners and we want them to think of us as an extension of their team. And we’re looking to add a number of different partnerships this year, namely large enterprises, as we continue growing towards the future,” states Himelfarb.
The funding round follows a strong fourth quarter of revenue growth, profitability, and milestones for the company, including the announcement of Era, and the further expansion of its team; to include key leadership and engineering roles as well as the build out of the growth portion of the team as well.