Motorq, the leading connected car API company, has raised $40 million in its Series B round of funding. The round was led by New York-based global private equity and venture capital firm Insight Partners, with participation from existing investors including Story Ventures, FM Capital, Monta Vista Capital and Avanta Ventures. Funding will be used to grow the product development and engineering teams, increase collaboration with the automotive OEMs, establish sales and business development in Europe and Japan and enhance the core Motorq platform for new markets, including insurance, automotive rental, and dealer services. Click here to continue reading https://www.globenewswire.com/news-release/2022/02/16/2386077/0/en/Motorq-Raises-40-Million-to-Advance-Connected-Vehicle-Data-Platform.html