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Successfully funded
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Dash makes any car a smart car. Our 'vehicle intelligence platform' powers mobility products for everyday drivers, as well as enterprise solutions with predictive maintenance algorithms. Dash makes driving smarter, safer, and more affordable. Awarded Fast Company 'Most Innovative Companies 2018'.
- Downloaded 447k times; 180k registered users in over 100 countries
- Enterprise partners include JCI, REMA Insurance, DOT/Allstate
- Investors: Techstars, Slow Ventures, Phystech Ventures, CyberAgent
- 2017 revenue of $1.4M (P&L net loss of $106k)
The company is incorporated and based in the USA. The progress bar above includes £609,180 raised via a concurrent offering being conducted abroad. Investments are for a beneficial interest in equity in this US-based company that will be held on behalf of Investors by a Nominee. Investors agree to the Investment Agreement and its accompanying exhibits in the documents section below. The Investment Agreement contains certain representations and warranties to Dash Labs Inc. See the Investment FAQ's and Legal Explanation Document for more details including exchange rate explanation. Investors should seek their own tax advice regarding investment in US securities. Owing to an FX miscalculation, the minimum target for this round was previously (and incorrectly) stated to be £599,700
Idea
Today, there are 1bn cars on the road. Almost all are both mechanically elaborate and technically complex (a new car has >100m lines of code). Yet few cars are 'smart,' nor do most automakers network the data from their vehicles. Dash changes that, bridging the connection between cars, 2nd-screen software and the cloud.
Leveraging data on driver behaviour and vehicle performance from our consumer product 'Dash - Drive Smart', we created algorithms to enhance actuarial risk analysis, predictive maintenance models, policy recommendations, and advertiser targeting. In addition, Dash's data can be used to inform autonomous vehicle driving models, by anticipating the behaviour of human drivers.
Dash has created products for the consumer (hardware, plus software for iOS and Android, installed by over 447,000 users in over 100 countries since 2014), enterprise (insurers, OEMs, Tier 1 suppliers, government agencies, advertisers) and developers (API, SDK).
Industry analysts forecast aggressive growth in adoption of connected car products, as well as data monetization. Frost & Sullivan forecasts the size of the market for vehicle data alone to grow from USD $2 billion in 2017 to $33 billion in 2025; McKinsey & Co forecasts the overall size of the connected car market as high as USD $750 billion by 2030. Many analysts forecast annual growth rates of 25-30%.
The company has loans.
