TruVideo, a provider of artificial intelligence- and augmented reality-driven communication technology for the transportation industry, has secured a $40 million minority growth investment from TZP Growth Equity. The company said the strategic investment will fuel innovation, product development, customer service and market expansion. “This investment validates the quality of our innovation and the growth we […] [Read More]

While CDK Global recently renewed relationships with Holman in the U.S. as well as with AutoCanada, the technology provider is facing another lawsuit. On Tuesday, Tekion said it filed a federal antitrust lawsuit against CDK Global, accusing the company of engaging in a systematic scheme to thwart competition in the franchised dealer management system market. […] [Read More]

Super Dispatch has a new CEO. The transportation management platform said Tuesday that founder Bek Abdullayev has moved into the role of executive chairman of the board of directors and replacing him as CEO is Matt Bradley. Bradley was most recently the CEO of Cloudsnap, following his time as chief strategy officer of Rackspace. Abdullayev […] [Read More]

KeySavvy, a platform designed to simplify and secure private-party car transactions, announced an investment of $4.25 million in venture capital funding led by Bonfire Ventures — the second major financing round for the startup. The company said it also secured strategic partnerships with three online vehicle marketplaces, including Experian’s AutoCheck. KeySavvy said the moves indicate […] [Read More]

Why is vehicle titling and registration so complicated? While that’s a common question, to Tony Hall and Shane Bigelow the better question is: How can we make it simpler? Hall, Carvana’s head of policy, title and registration modernization, and Bigelow, CEO of CHAMP Titles, are both affiliated with the eSTART Coalition, a consortium of auto […] [Read More]

STELLA Automotive AI received a nice gift from its investors this holiday season. The provider of automotive artificial intelligence technology announced a new round of convertible loan financing that raised $11 million. The Presidio Group, which advised STELLA in the financing, said the raise was led by Reynolds and Reynolds, a previously existing investor and […] [Read More]

DAS Technology had a big day Wednesday. The consumer engagement SaaS artificial intelligence technology company made two big announcements at its eighth annual AUTOVATE conference in Scottsdale, Ariz.: the launch of a new messaging tool and the company’s 10th acquisition. DAS said its new AI Engage combines DAS’ AI-powered messaging technology (including lead response capabilities) […] [Read More]

Reynolds and Reynolds is going big for the auto retail industry’s biggest event. The dealership software provider announced its plans for the National Automobile Dealers Association’s NADA Show, coming up Jan. 23-26 in New Orleans, including multiple product launches and its largest expo presence to date. Among the tech tools to be unveiled at NADA […] [Read More]

With a round of seed funding announced Monday, EvenFlow AI might be given to fly. The company, which provides artificial intelligence-powered tools to help dealership service departments increase capacity and optimize revenue, said in a release the $1.5 million round was led by Automotive Ventures and FM Capital. EvenFlow AI anticipates the funding will yield […] [Read More]

Automotive customer data platform and marketing automation engine Fullpath announced an integration with DealerBuilt’s Oplogic variable operations platform of CRM, desking, F&I menus, equity, telephony, fraud protection, and artificial intelligence tools. It is a partnership the companies say is designed to provide dealerships with seamless data connections and enhanced data consolidation to support more precise […] [Read More]