Automatic is a cloud-based platform that provides apps for drivers to understand driving behaviour. It provides services including crash alerts, driving behaviour, parking location, engine diagnoses, emergency requests, fuel warning, etc.
PRODUCTS & SERVICES:
Connected car app for driving behaviour inormation to insurers.
Viewable by subscribers only
Individuals, Drivers, Insurance firms
Recently, the company partnered with AmFam to help drivers stay safe and reduce their insurance costs.
The company has partnered with CDK Global, repair shops, and other automotive businesses to maintain and grow their relationships with customers. Other partners are Ford, UASS and AAA.
MEDICI analysts will analyze Automatic Labs soon
VALUATION / MARKET CAP:
$160 MM in 2015
AmFam and Automatic are jointly developing new integrations, such as roadside assistance and claims submission to be handled within Automatic’s app(Feb 2017).