CT Services and Claim Genius recently announced a strategic partnership to develop and market new artificial intelligence-based inspection solutions for the automotive remarketing and transportation markets within North America. The companies highlighted in a news release that the partnership will combine CT Services’ vehicle inspection process with Claim Genius’s AI inspection technology to create new […] [Read More]

FM Capital is looking to serve its expanding number of automotive-related portfolio companies better as well as prepare for its fourth fund. So, on Monday, the firm added a new venture partner — Joe Hinrichs — who most recently was president of Ford’s global automotive business. According to a news release, Hinrichs will assist with […] [Read More]

RunBuggy gained more financial horsepower this week, as the technology platform that connects car shippers and transporters announced it secured a line of credit with Silicon Valley Bank, providing the company with access to funds that will fuel the growth and retention of its open transportation marketplace. In January, RunBuggy secured a Series A investment […] [Read More]

In June, STELLA Automotive AI, which provides conversational artificial intelligence technology, welcomed Sherri Eidenberg as its vice president of U.S. dealer sales. This week, Eidenberg reinforced her team with 10 additional automotive technology experts to help STELLA Automotive meet market demand, which has been strong and growing since the market launch in March.  Forming the […] [Read More]

Holman likes Orbee as one of its solution providers so much that the global automotive services organization decided to make an investment from its venture capital division in the company, which provides the auto industry with data management, marketing analytics and automation solutions.  Holman highlighted in a news release that Orbee’s innovative digital marketing platform […] [Read More]

PureCars said Tuesday it has purchased AutoSigma, a digital marketing technology and services provider for car dealers. The addition of AutoSigma’s digital asset platform to PureCars can allow dealers get vehicle advertising out to multiple channels in a more timely manner, helping to alleviate sluggish “speed to market.” Terms of the deal were not disclosed. […] [Read More]

Automotive Ventures announced Monday that it has added Wholesale Auto Supply Co., Inc. as a strategic investor. WASCO, based in Hackensack, N.J., is a purchasing cooperative owned by dealers in the Tri-State area (New York, New Jersey, Connecticut) and provides a resource for dealers to buy business supplies, including chemical/janitorial/office supplies, heavy equipment, OEM-compliant furniture and […] [Read More]

Autonomy keeps collecting relationships that meant to boost its place as an electric vehicle subscription company. On Thursday, Autonomy entered the insurance category, finalizing a connection with DigiSure — a software company that provides screening, insurance management and claims — as its insurance platform partner. Executives highlighted the platform partnership with DigiSure provides Autonomy with […] [Read More]

Shortly after its purchase of Accu-Trade in February, Cars.com executives said bringing the company into the fold could help facilitate another inventory acquisition source for dealers: buying cars directly from the public. That came to fruition this week with the official launch of Instant Offer, a new Accu-Trade-powered capability on Cars.com where consumers can sell their rides […] [Read More]

Shop Smart Autos founder and chief technology officer Richie Bello closed July by making a major strategy pivot, announcing that the company is taking its focus from dealer lead provider to strictly a consumer marketplace. According to a news release, the company no longer will sell consumer leads to dealers. The company intends to offer […] [Read More]