Company Overview

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Founded:
April, 2012
Founders:
Stephan Kaufmann, Alexander Marten
Employees:
8
Headquarters:
Cologne
Funding:
$1.9M
Categories:
Mobile
Description:
Augmentation Industries (AI) provides mobile assisted driving, a patent-pending technology that connects cars to the internet.

Detailed Description

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Based on the Internet of Things and machine to machine (M2M) communication AI developed hardware and implemented an open Vehicle-2-X (V2X) interface that connects cars manufactured after 1996 to the internet and is accessible with a smartphone via WiFi. Crowd developers are able to develop own apps for the car and B2B customers are able to use the interface to offer automotive near services (e.g. insurance, repair, reselling, gas, IRS, emergency services, etc.).

Products/Services: Fully automated drivers log, fleet management, rental service, pre repair diagnostics, black box, odometer temper protection, eCall, contactless payment, etc.

USP/Unique Technologies/Special Know-how: 5 pending patents lay the foundation of the IP. Beside that AI offers a solution that is capable of a complete car diagnostic and not only the OBD-II protocol as some competitors offer with a complete E2E roundtrip that no solution offers. Furthermore does the security concept and RESTful API provide a unique approach that is very positively received in presentations of the solution and its capabilities.

Distribution: It is a highly scalable model as the technology is based on a global standard and therefore easily rolled out after translation of language files. The multi-tiered sales approach focuses in the first instance on direct sales to B2B (e.g. fleet management, logistics providers) in the second stage B2B2C is approached (e.g. insurance companies, automobile clubs) and in the final stage the rollout is taken to the B2C market (e.g. cheap gas pumping, CO2 challenges).

Current Team (3)

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Funding Rounds (1) - $1.9M

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Investors (2)

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    Seed Fond Aachen

    Seed Fond Aachen provides start-up companies with long term equity.
  • 6f4ef4826a9e049e06ab2facd0d69c93

    KFW

    KfW Bankengruppe gives impetus to economic, social and ecological development worldwide. As a...

Offices/Locations (2)

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  • R&D Center

    Kaiserstr. 100

    Herzogenrath, 52134

    DEU

  • German HQ

    Hansaring 97

    Cologne, 50670

    DEU

Competitors (5)

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    mavia

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    MetroMile

    MetroMile is a variably-priced, pay-per-mile car insurance provider that charges customers for...
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    CloudCar

    CloudCar is a tech startup delivering cloud-based consumer products and automotive solutions.
  • 6d699d7cbb2809a037398964cc453117

    Mavizon

    Mavizon is a software company focusing on cloud computing and mobile technologies.
  • F18bd8e30caf14d2be5db1d0ab1c6301

    mojio

    Moj.io is a telematics company offering cloud-based technologies for cars, enabling real-time...

Images (1)

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  • Abae66df18c817ef5fa3342cdf47842b

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