AutoAdvantage Group Announces Investment Partners

AutoAdvantage Group Inc., a pioneer in E-Commerce applications for connected vehicles, announces the results of a fund raise.

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Palo Alto, California (PRWEB) August 29, 2013

AutoAdvantage Group announced on August 26th that it had raised investment funds from Western Technology Investment (dba Venture Lending & Leasing, http://www.westerntech.com), Transportation Technology Ventures (http://www.transportationtechnologyventures.com), and several Silicon Valley angel investors to help build the company and launch initial e-commerce applications for connected car infotainment systems.

About the company:

AutoAdvantage Group (AAG) http://www.autoadvantagegroup.com, founded in 2012, is developing software applications to collect data generated by vehicle sensors and drivetrain computers, then store this data in the cloud, and use it to enable a new category of mobile purchasing which AAG calls “Automotive E-Commerce”. By combining real-time vehicle data and location information, AAG can deliver qualified customers to fuel/convenience/grocery outlets and automotive service providers.

The management team consists of:

CEO – Jim Disanto
Jim is a 20 year Silicon Valley executive and veteran entrepreneur. Jim has extensive experience in enterprise software, mobile applications, navigation and location based services, and automotive applications. Jim has founded 4 companies which have either been bought or taken public including Vicinity (VCNT) which went public in 2000 and was purchased by Microsoft in 2002

CTO – Robert Siedl
Over the last three decades Robert has founded a number of high tech software companies several of which have been acquired by public companies including PageMill which was acquired by Adobe. Robert is an engineer and has always focused on creating user friendly products especially advanced graphical rendering of complex concepts.

SVP Business Development – Ian MacKinnon
Ian has been involved in consultancy and business development for over 30 years. He managed a buy out of a division of ICL Fujitsu in the UK in 1996 and created ServicePower. As CEO he managed the IPO of ServicePower in March 2000 on the London Stock Exchange then moved to the USA to build up the North American operation. He retired from the company in 2009.

VP of Software Development – Abhay Jain
Abhay has over 15 years of experience in the embedded, mobile applications, big data and cloud services industry. Prior to AAG, he was Founder of ActiveScaeler and Jinvani Systech, where he lead efforts to develop a variety of storage, networking and mobile application and solutions which are still in use by 200 of the Fortune 500 companies worldwide. Prior to AAG, he held various senior positions at Verifone, Intel, AgreeYa, Mirrorplus, iWare, and Newgen. He holds a Bachelor's degree in Computer Science.

Contact:
AutoAdvantage Group
2100 Geng Road, Suite 200
Palo Alto CA 94303
650-283-4402
info(at)autoadvantagegroup(dot)com


Contact

  • Ian MacKinnon
    AutoAdvantage Group
    +1 4438526100
    Email