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Mile Auto
A pay-per-mile auto insurance company using patented computer vision and machine learning technologies to help low mileage drivers save money
About Mile Auto
Mile Auto offers pay-per-mile car insurance, which is a type of usage-based insurance that charges drivers based on the number of miles they drive.
Read full description
The company's business model is designed to provide a more affordable car insurance option for people who drive less than the average driver, such as those who work from home, use public transportation, or have a second car that is not used frequently.
Mile Auto's customers are typically drivers who are looking for a more flexible and affordable car insurance option. The company's target market includes a wide range of drivers, from young adults to retirees.
The company makes money by charging a base rate and a per-mile rate. The base rate is a fixed monthly fee that covers the cost of the policy, while the per-mile rate is a variable fee that is based on the number of miles driven.
At a glance
- Status
- Operational
- Founded
- 2019
- Headquarters
- Atlanta, United States
- Employees
- 30
- Open positions
- None listed
- Dealroom signal
- 83.2/100
- Industry
- Fintech, Transportation
- Sub-industry
- Insurance
- Sector
- Fintech, Car Insurance, Core AI, PandC Insurance, MGA, AI Applications
- Technology
- Artificial Intelligence, Big Data, Machine Learning, Computer Vision, IoT InternetOfThings
- Client focus
- b2c
- Investment activity
- 1 company, latest Jul 2026
- Capital deployed
- —
- Preferred round
- ACQUISITION
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| EARLY VC✓Equity / VC | Dec 2023 | $4.2M | $72M | Undisclosed | ↗ |
| SERIES A✓Equity / VC | Oct 2022 | $4M | $51M | Thornton Capital · Ulu Ventures · Sure Ventures · Emergent Ventures | ↗ |
Growth signals
Latest recorded traffic for Mile Auto is 80K monthly website visits, up 50.9% over the last three months. Mile Auto's team grew 0% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed3 investors entered at this stage
Emergent Ventures
Sure Ventures
Ulu Ventures
Series A2 investors entered at this stage
Florida Funders- TCThornton Capital
Other known investors1 additional known investor
Vincent Tauzia
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Mile Auto on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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