MileIQ
Parent Microsoft | | |
Website | www |
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MileIQ is an American-based technology company that develops a mileage tracking and logging
On November 5, 2015, Microsoft announced that it had acquired MileIQ for an undisclosed amount.[6]
On March 18, 2021, MileIQ service is transitioning to a new owner, MileIQ LLC, which is led by the original creators of the mileage tracking app. MileIQ LLC is unaffiliated with Microsoft Corporation and will start operating the app and the service after May 1, 2021.[citation needed]
History
MileIQ was founded by Dan Bomze, an entrepreneur and investor of numerous startups. He began collaborating with a small team to design software that would simplify mileage reimbursement.
MileIQ received seed funding in amount of $3 million (~$3.8 million in 2023) in late 2014, led by SV Angel, CRV, and Salesforce.com founder Marc Benioff. MileIQ added $11 million (~$13.8 million in 2023) in funding in 2015 with a Series A round that included original investors as well as the addition of Trinity Ventures.[12]
Products and services
MileIQ offers an app named after the company ("MileIQ") which passively tracks and logs mileage of users. The app works in the background of a Smartphone, tracking and recording all driving activities. It uses artificial intelligence and machine learning to filter personal and business mileage based on time, day, and other factors. The app syncs with online mileage logs to document information obtained while driving.[citation needed]
The MileIQ app is available for free download on the
See also
References
- ^ Martin, Allison (February 28, 2014). "Tax Hacks 2014: 13 Helpful Income Tax Apps". MoneyTalkNews. Retrieved May 19, 2015.
- ^ Cull, Ian (March 18, 2015). "Mile IQ App Helps Drivers Track Mileage for Business Trips". NBC Bay Area. Retrieved May 19, 2015.
- ^ a b c Tipton, Adriana (February 26, 2015). "MileIQ Is Like Fitbit For Driving; Here's Why". Tech News Today. Archived from the original on May 4, 2015. Retrieved May 19, 2015.
- ^ a b Aamoth, Doug (April 10, 2015). "Free App Friday: 5 Great Last-Minute Tax Tools". Fast Company. Retrieved May 19, 2015.
- ^ "Sharing-economy jobs make taxes uber-complicated". Fortune. April 14, 2015. Retrieved May 19, 2015.
- ^ Kim, Eugene (November 5, 2015). "Microsoft just bought a startup that can automatically track how far you drive". Business Insider.
- ^ a b c "About us". MileIQ official website. Retrieved May 19, 2015.
- ^ Carney, Michael (January 29, 2015). "MileIQ raises $11M to take the pain out of mileage tracking and put more cash in users' pockets". Pando Daily. Retrieved May 19, 2015.
- ^ Channer, Rory (March 9, 2015). "6 apps to pack on your phone for business travel". Los Angeles Business Journals. Retrieved May 19, 2015.
- ^ Frank, Blair Hanley (May 8, 2014). "Concur expands App Center, adds MileIQ, Trover and more than 30 other partners". GeekWire. Retrieved May 19, 2015.
- ^ Lapchuk, Lindsay. "FreshBooks and MileIQ partner to make tracking your miles a breeze". FreshBooks. Retrieved May 19, 2015.
- ^ "The Daily Startup: Latest Kickstart Seed Fund Looks to Boost Utah Startups". The Wall Street Journal. January 30, 2015. Retrieved May 19, 2015.
- ^ Weston, Liz (April 27, 2015). "Financial records: What to keep, what to toss". Reuters. Retrieved May 19, 2015.