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HYLA Mobile

A provider of mobile device trade-in and reuse solutions.

Comparison tool

Overview
Funding
People
Subsidiaries
News

Headquarters

Farmers Branch, Texas, United States

Founded

2009

Operating Status

Acquired, Active

Ownership Type

Private

Industry

Hardware

Type

Enabler

Business Model

B2C

Parent Company

Assurant

Links

Number of funding rounds 4

Number of investors 7

Total funding amount $145.14M

Date	Amount	Stage	Investors
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Biju Nair (President & CEO)

Investments

Assurant acquires mobile device trade-in provider HYLA Mobile

By Gabriella Ben-Hutta · Oct 29, 2020

The acquisition will strengthen Assurant’s trade-in and upgrade programs by doubling device processing volumes while adding device diversity, talent, patented technology and capabilities.

Strategy

Lori device protection added to The General Insurance offering

By Gabriella Ben-Hutta · Sep 08, 2020

Lori uses HYLA’s patented Advanced Diagnostics leveraging artificial intelligence technology to determine the condition of a device and whether it functions as expected. The AI technology is also able to determine whether the screen of a smartphone is damaged and thus eradicate fraudulent claims.