StageSeries A | Alive
Last Raised$2M | 2 yrs ago
AlgoDriven develops an automobile data-capturing platform. It helps car dealers, banks, insurance companies, and motor industry participants to inspect, price, and identify used cars. It also provides technology solutions to the automotive industry and its participants. It was founded in 2017 and is based in Dubai, United Arab Emirates.
Missing: AlgoDriven's Product Demo & Case Studies
Promote your product offering to tech buyers.
Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions.
Missing: AlgoDriven's Product & Differentiators
Don’t let your products get skipped. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs).
Expert Collections containing AlgoDriven
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
AlgoDriven is included in 1 Expert Collection, including Fintech.
Latest AlgoDriven News
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
AlgoDriven Frequently Asked Questions (FAQ)
When was AlgoDriven founded?
AlgoDriven was founded in 2017.
Where is AlgoDriven's headquarters?
AlgoDriven's headquarters is located at DMCC PO Box 38414 Office 3101,, Dubai.
What is AlgoDriven's latest funding round?
AlgoDriven's latest funding round is Series A.
How much did AlgoDriven raise?
AlgoDriven raised a total of $2.73M.
Who are the investors of AlgoDriven?
Investors of AlgoDriven include Oman Technology Fund, Dtec Ventures, Global Ventures, Spartech Ventures, Automotive Ventures and 5 more.
Who are AlgoDriven's competitors?
Competitors of AlgoDriven include Edmunds and 5 more.
Compare AlgoDriven to Competitors
Carbly develops a vehicle appraisal tool for modern car dealerships. Its modern vehicle appraisal and pricing tool combine multiple data sources for wholesale, retail, local market, and vehicle history information. The company was founded in 2017 and is based in Chicago, Illinois.
Dealerslink operates as a dealership inventory management company. The company offers a market-data-driven dealership management software solution. The software primarily serves car dealers. It was founded in 1998 and is based in Broomfield, Colorado.
AAA DATA offers data marketing solutions and sells statistical products for the automotive market and direct marketing. It offers non-financial information solutions like data analysis, statistical services, direct marketing, CRM, business intelligence, business information solutions, digital marketing, fleet car sales, car market insight, predictive solutions, data visualization, as well as registration software. Its solutions are used in insurance, automotive, banking, distribution, energy, retail, and telecom industries. The company was founded in 1959 and is based in Paris, France.
AutoForecast Solutions provides production forecasting, business intelligence solutions, and advisory services to the global automotive industry. AutoForecast Solutions provides services to global vehicle manufacturers, automotive suppliers, financial institutions, government agencies and associations to support their critical information needs with the highest quality and best value data, analysis, forecasts, software solutions and advisory services. AutoForecast Solutions was founded in 2014 and is based in Chester Springs, Pennsylvania.
GlobalAutoIndustry.com is a business intelligence source for the automotive industry. It produces informative content that helps industry executives uncover insights, solutions, and strategies focused on doing business in the automotive markets. It was founded in 1996. It is based in Detroit, Michigan.
XpressCredit is a web-based consumer finance portal. Its features include discounted credit reports, vehicle valuation reports, a 4-square calculator, seamless integration, and more. It provides services for the auto dealer market. It was founded in 2015 and is based in Canandaigua, New York.
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.