AlgoDriven
Founded Year
2017Stage
Series A | AliveTotal Raised
$2.73MLast Raised
$2M | 2 yrs agoAbout AlgoDriven
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.
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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.
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