Twenty-year telematics and technology industry veteran, and former CEO of Spireon to lead driving behavior and artificial intelligence innovator.
San Diego, CA, September 18, 2017 - Tourmaline Labs™, a cutting-edge provider of driving behavior and Artificial Intelligence(AI)-based mobility platforms, today announced that Marc Brungger has joined the company as its new Chief Executive Officer. This transition coincides with the company receiving substantial reinvestment from ClearVision Equity Partners and its record-breaking user activations over the last several months - expanding its user base to over 150 countries - and aligns with the strategic acceleration of Tourmaline Labs’™ mass commercialization of its AI platform. Brungger officially started with the company on September 5.
"There’s no greater privilege in business than to be asked to lead a company that is at the forefront of technology and in a position to transform an entire industry," says Brungger. "What makes this opportunity particularly special is being able to be a part of an incredibly bright and skilled hi-tech team, which has developed a revolutionary artificial intelligence-based mobility platform."
As Tourmaline Labs'™ CEO, Brungger will invest additional resources into the company's technology platform, as well as to deepen its sales and service capabilities, all in preparation for the next phase of explosive growth of the company and the industry.
Brungger continues, "Tourmaline Labs™ has a unique and massively scalable platform compared to most IoT or mobility companies. Normally, where existing providers have taken up to 10 years to get to 500K+ subscribers, Tourmaline Labs™ is poised to achieve the same milestone in just 18 months."
Another area of keen focus for Brungger includes expanding customer support and establishing a much more streamlined and automated customer onboarding process. Combined, these investments will enable Tourmaline Labs™ to meet the increased demand for its solutions and services with timely and efficient delivery, as well as great customer service.
"Our customers are our number one priority," explains Brungger. "Every member of the Tourmaline Labs™ team, myself included, remains committed to actively seeking our customers' ongoing input and feedback on our platform, products, and services to ensure we continue to deliver the unprecedented value they seek."
Tourmaline Lab's history of innovation began when a true innovator, Dr. Lukas Kuhn, CTO & Founder, teamed up with Sven Beerweiler, former CEO, and formed the company based on a vision that would enable every organization to seamlessly gather mobility data without the logistical and economic burden of today’s hardware-centric solutions.
"We are proud that our company was able to attract an experienced and proven executive like Mr. Brungger, and we have absolute confidence that he is the best person to lead us to the intersection where simplicity and true value come together to enable mass adoption of mobility intelligence," says Kuhn.
"We have been very impressed with Tourmalines' world-class technology and technical leadership. We are at an important inflection point where Tourmaline can enable a huge positive change in the mobility space within a short-period of time. Having worked with Marc in the past and knowing his broad capabilities, relentless passion and execution skills, as well as deep industry expertise first-hand, I am very excited about him joining Tourmaline and working with the management and the Board to lead the company in its next phase," added Hem Suri, member of the Board and the Founder & Managing Partner of ClearVision Equity Partners, Tourmaline Labs'™ main venture sponsor.
As a long-time leader of transformational companies in the software and mobility industries, Brungger brings a world-class repertoire of sales and operational excellence experiences. He has a proven track record of successfully achieving record-breaking growth for his previous software companies, while building strong, scalable, and sustainable foundations of talent, infrastructure, and processes. As the CEO of Spireon, Brungger steered the company through a successful transition from multiple software products to a unified platform, capable of supporting solutions for multiple vertical markets, while at the same time overseeing a rapid expansion and doubling of revenue and drastically increasing operating margin. During his tenure, Spireon became North America's largest aftermarket telematics provider by volume, growing to well over three million active subscribers.
Prior to Spireon, as an EVP & GM at Mitchell International, Brungger executed a customer-centric culture on a global scale that resulted in higher customer satisfaction scores netting higher customer retention. He transformed multiple point solutions and workflow tools into a single, scalable platform with two distinct user experiences for insurance companies and the automotive industry.
About Tourmaline Labs™
Founded in 2015 Tourmaline Labs™ is an Artificial Intelligence Technology Company that revolutionized efficient and deeper mobility and driver data collection. The company provides analysis, insights, and interpretation of driver and mobility metrics on a massive scale. For additional information, please call 619-722-9000, email firstname.lastname@example.org and visit www.tourmalinelabs.com.