Mile Auto: Raises $10.3M in Seed Funding

Mile Auto Raises $10.3M in Seed Funding

• Mile Auto, an Atlanta, GA-based insurtech company, secured $10.3m in seed funding
• Backers included Ulu Ventures, Emergent Ventures, Thornton Capital, and Sure Ventures
• The company intends to use the funds to expand availability of its insurance offering to half of the U.S. auto insurance market by the end of 2021
• The company uses computer vision and decision analytics to collect and validate odometer data without the need for extra hardware
• Currently, The platform is available in Arizona, Georgia, Illinois and Oregon, with plans to expand into additional states within the next six months
• The company also announced a partnership with Ford Motor Company for Ford owners to get auto insurance