Zubie, a connected-car platform and telematics data insights provider, says its end-to-end connected-car technology has delivered real-time information about vehicles and drivers since 2012 to help businesses manage and optimize their fleets.
Seeking to fuel growth in the fleet sector and to introduce new verticals with its connected-car products, the company noted on Thursday that it has closed a round of funding. Existing investors BP and Melody Capital are providing the capital infusion.
The company also announced that telecommunications veterans Paget Alves and Dennis Huber will join its board of directors. Alves and Huber have a combined 50- years of experience in telecommunications, finance, operations, marketing, product development, and IT.
Zubie did not disclose the amount of the funding in the news release.
“This investment in Zubie underscores the market need for an end-to-end connected car solution," Ron LeMay, chairman of the board for Zubie, said in a news release. “There are a lot of companies focused on data collection — and there’s a lot of data out there. The marketplace needs more companies that help organize the data and extract business insight, and that’s where Zubie fills a void. We’re thrilled with the perspectives Paget and Dennis will bring to the board.”
“With a more mature hardware market, the opportunity for differentiation is in delivering usable insights in a simple, reliable package,” Gary Tucker, chief executive officer of Zubie, said in a news release. “For Zubie, 2019 will be about improved usability of our existing insights and solutions in the fleet market, while addressing a need for real-time insight for rental businesses.”