A Florida-based startup that’s “set to disrupt the vehicle acquisition software business and the traditional used-car inventory supply chain standards,” gained another $4 million in funding last week.

Founded by Anthony Monteiro, a group of automotive industry legends and technology professionals, AutoAcquireAI has successfully raised $5 million in total seed funding, all from angel investors.

Monteiro said this new funding is going to “really supercharge the growth” of AutoAcquire AI’s platform. It’s designed to help dealerships acquire vehicles more efficiently by leveraging real-time market data, smart automated valuations, and powerful AI databases and processes.

Monteiro said the company already has close to 100 clients, with plans to significantly scale up its sales operations to bring on another 1,000 dealers in the next 12 to 16 months.

“It’s been incredible to see how quickly we’ve grown with minimal advertising,” Monteiro said in a news release. “The platform truly delivers outstanding results. Our early adoption dealer partners are some of the savviest and largest groups in the business, and their success has directly contributed to ours.

“This investment means we can bring on even more top-tier talent to our already amazing leadership team and really step up our branding and sales efforts,” he continued.

Back in January, AutoAcquireAI announced the successful closure of its initial seed funding round that Monteiro said exceeded seven figures.

Monteiro that funding round attracted high interest from a consortium of technology and automotive sector investors, impressed by AutoAcquireAI’s potential to address key challenges in the industry.

“We are excited to support AutoAcquireAI as they lead the way in this sector of the automotive industry, the current technology and solutions are very basic, human capital intensive and the traditional auctions are hyper-competitive, the AutoAcquire platform changes the game and consolidates the entire eco-system in their advanced acquisition platform,” the primary investor who has asked to remain anonymous said through a January news release.

“I’ve worked with Anthony and his team on many other projects and they have proven to always produce new and innovative solutions that provide significant ROI for their dealers,” the investor said.

AutoAcquireAI is now gearing up for the next phase of its development, including the launch of V2 iOffer Builder and an all new command center console of AutoAcquireAI dealer portal.

Even before landing the funding, AutoAcquire AI announced a strategic partnership with Click-Ins, a next-generation vehicle condition platform.

Key benefits of the partnership finalized in December include:

—Enhanced vehicle sourcing: AutoAcquire AI’s platform will integrate Click-Ins’ technology to provide real-time condition assessments during the initial vehicle acquisition phase.

—Increased accuracy and transparency: Dealerships will benefit from a seamless approach to assessing vehicle conditions, reducing the risk of costly errors and enhancing trust with buyers.

—Streamlined operations: The integration of Click-Ins technology into the AutoAcquire AI platform will streamline operations, allowing dealerships to manage acquisition and assessment processes more efficiently

“Our partnership with Click-Ins represents a pivotal step forward in our mission to empower dealerships with the tools they need to succeed in a competitive market,” Monteiro said in another news release. “By integrating Click-Ins’ advanced assessment technology, we are enhancing our platform’s capabilities and setting new standards for precision and efficiency in the vehicle acquisition marketplace.”

Click-Ins CEO Josh Parsons added, “This partnership with AutoAcquire AI is an exciting development for us. Combining our technology with AutoAcquire AI’s innovative platform will not only enhance the car acquisition process but also elevate the standards of vehicle condition assessment across the industry.”

Monteiro insisted that acquisition of used vehicles from any source and especially direct from consumer will be the most critical element of successful dealers over the next five years and AutoAcquire AI is perfectly positioned to lead the industry’s automation transformation.

“Our vision at AutoAcquireAI is to empower automotive dealers with AI-driven tools that not only streamline acquisition operations but significantly reduce the friction points of the direct from consumer acquisition process,” Monteiro said.