Connected car technology platform, Smartcar has recently announced it has raised $10 million in a Series A funding round led by New Enterprise Associates (NEA) with help from Andreessen Horowitz (a16z). a16z has helped in the seed financing for Smartcar in the past - that round ending at $2 million. Smartcar also announced that William Krause from a16z and Forest Baskett from NEA will join Smartcar's board of directors.
Founded in 2015 by Sahas Katta, Smartcar builds the infrastructure and the API platform for connected cars enables developers to connect their apps to vehicles. The company enables apps to easily and securely communicate with vehicles. What sets Smartcar apart from competition is that no hardware is required. Users no longer need to have dongles and aftermarket hardware. Smartcar works with hardware that is already built into vehicles. Smartcar communicates with vehicles across brands in a single development effort.
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