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INTERNET | Internet Software & Services / Business Intelligence, Analytics & Performance Mgmt
algodriven.xyz

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Founded Year

2017

Stage

Series A | Alive

Total Raised

$2.73M

Last Raised

$2M | 2 mos ago

About AlgoDriven

AlgoDriven helps car dealers, banks, insurance companies and motor industry participants accurately inspect, price and identify used cars. The company also provides advanced technology solutions to the automotive industry and its participants - providing fast, accurate and real-time data.

AlgoDriven Headquarter Location

AlgoDriven DMCC PO Box 38414 Office 3101, Indigo Icon Tower, Cluster F JLT,

Dubai,

United Arab Emirates

+971 4 570 5678

Latest AlgoDriven News

UAE Automotive Data Startup AlgoDriven Scores $2M for Global Expansion

Oct 12, 2021

The newly acquired funds will be utilised to fuel the company’s global reach and bolster presence in existing markets including MENA and Australia. Shares UAE-based automotive data platform, AlgoDriven, has secured $2 million in a Series A funding round led by Global Ventures with participation from U.S based Automotive Ventures, Spartech Ventures, otf Wadi, Driven Capital Partners and DTEC Ventures. The newly acquired funds will be utilized to fuel the company’s global reach and bolster presence in existing markets including MENA and Australia. The enterprise line will be further developed for increased functionality for banks, insurance, classifieds, and inspection companies. AlgoDriven’s vehicle data platform is a fully integrated solution of mobile apps, website plugins, enterprise APIs, and financial analytics. Algodriven helps car dealers, classifieds, banks, and insurance companies to correctly identify, and price used cars, EvalExpert, the company’s flagship product, simplifies and expedites the pre-purchase assessment and evaluation process, making for more competitive trade-in deals. Consumers also benefit from the faster and more professional experience curated by AlgoDriven at dealers who use their tools. Glenn Harwood, co-founder at AlgoDriven, commented on this new achievement, “We're excited to be partnering with Global Ventures for the next chapter of our journey. We have seen strong growth in demand for our automotive data and software over the last few years both regionally, and in the international markets we operate in. As trends such as ecommerce and new ownership models continue to transform the automotive industry, we expect demand for our vehicle data, pricing, and appraisal software to continue to increase.” AlgoDriven boasts an impressive portfolio of clients including many of the automotive industry’s leading players including Audi, BMW, Hyundai, Kia, Mercedes-Benz, Nissan, Toyota, and Volkswagen. Today, AlgoDriven’s products are used in over 600 car showrooms across the world in Australia, New Zealand, Malaysia, Singapore, UAE, Oman, Saudi Arabia, Kuwait, Bahrain, Qatar, Iraq, Jordan, Morocco, and Sweden. Sign up for the daily Startup Digest. 0

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