Dialexa Labs, which was created in 2014 as an incubator for innovative ideas within technology product development firm Dialexa, has successfully spun out two startups within a year with $7.7 million dollars in financing.
Vinli, the connected car platform providing applications and services for consumers, developers, and distributors, announced today that it has completed a $6.5 million Series A financing, led by one of the world’s largest consumer electronics companies, Samsung, one of the largest auto suppliers, Continental, one of the largest car ownership companies, Cox Automotive, and one of Tesla’s early investors, The Westly Group. Mark Haidar, who stepped down as Co-CEO of Dialexa, will lead Vinli.
The Vinli product received market validation when it was chosen as one of seven most disruptive startups at the TechCrunch Disrupt Battlefield competition in San Francisco in September 2014. Since the initial launch, the response has been overwhelming with 100s of apps being created for vehicles. With one device, a Vinli user will be able to access thousands of services for their car. When the company begins delivery to consumers in August, the Vinli device will be the most advanced OBD-II device on the market. The device is equipped with LTE, WiFi, Bluetooth, GPS and built-in accelerometer and temperature sensors. Vinli is also launching its pre-order campaign with Indiegogo and offering a reduced price of $99. http://get.vin.li
Robin, another company to launch out of Dialexa Labs, which allows customers to book your lawn care needs instantly, also announced last month that the company raised $1.2 million in its first round of financing. Robin’s seed funding came from twenty personal investors with impressive track records in technology, including Brett Hurt, founder of Bazaarvoice and founder of Hurt Family Investments, Derek Chapin, co-founder and former CFO of Woot! and now Vinli COO, John Jaggers of Sevin Rosen Funds, Mahesh Chukkapali, director of Google for Work, Jeff Williams of Covara Ventures and previously Hunt Ventures, Josh Deckard of Hammerstone Capital and George Baker Sr., founder of ParkHub. Robin is led by Bart Lomont, military veteran and Justin Crandall, formerly of BazaarVoice.
Robin’s software can automatically determine the size and complexity of a yard, instantly providing customers with a quote. A customer can add additional services such as fertilizing, raking leaves, tree trimming, or seeding for an incremental fee. Similar to Uber, customers schedule their service and enter their payment once, freeing them up for more time with friends and family instead of having to do yard work. Consumers can sign up and start using Robin today by visiting www.tryrobin.com.
While Dialexa Labs was initially an experiment to see how far we can take our own ideas, it has proven itself to be a model that could incubate and spin out many more companies to come.