Kynetx
Date | Investors | Amount | Round |
---|---|---|---|
N/A | $280k | Seed | |
$2.0m | Series A | ||
Total Funding | $2.3m |
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EditKynetx was a technology company focused on creating innovative solutions for the automotive industry. The company's core product, the LiveWeb Platform, allowed cars to communicate real-time insights and personalized services to drivers. This included features such as improving mileage, tracking miles for tax deductions, scheduling service appointments, and helping teen drivers lower insurance costs. Kynetx primarily served individual car owners and automotive service providers, operating within the automotive and technology markets. The business model was based on providing a platform that could be integrated into vehicles, offering value-added services that enhanced the driving experience and vehicle maintenance. Revenue was generated through licensing fees and service subscriptions. Despite its innovative approach, Kynetx ceased operations in 2015, with its assets and intellectual property being transferred to Pico Labs, LLC, which continues to maintain many of Kynetx's technologies in open-source repositories.
Keywords: automotive, real-time insights, personalized services, mileage improvement, maintenance tracking, tax deductions, service scheduling, teen driver insurance, LiveWeb Platform, Pico Labs.