DRIVIN recently announced that on Monday it will be joining the Chicago Innovation Awards — an annual celebration of innovation success in the region — to ring the Closing Bell of the Nasdaq Stock Market in New York.

The Chicago Innovation Awards said it arranged the event to emphasize the rise of innovation within the Chicago region, as well as compliment various organizations that make up its dynamic economy.

"This annual event is an excellent example of how the Chicago Innovation Awards celebrates the spirit of innovation in organizations across all industries, sizes and sectors," Tom Kuczmarski, co-founder of the Chicago Innovation Awards, said in a news release.

Earlier this year, the company launched DRIVIN Marketplace, its intelligent platform for used car dealers to sell, buy, and search used car inventory for their lot.

The company launched in 2015 and is powered by CarCo Technologies.

"DRIVIN is proud to be honored among the top minds, problem-solvers and innovators in Chicago," Justin Mahlik, co-founder and chief operations officer of DRIVIN said. "DRIVIN has been committed to reinventing the wholesale process for used car dealers across the country. We look forward to continuing our momentum and making the dealership more efficient and profitable."

Other winners of the Chicago Innovation Awards, include: alligatortek, Baxter, Blue1647, CancerIQ, ContextMedia, Danco, Edovo, Federal Signal, ForeverCar, FourKites, Girls in the Game, HubTran, Infiniscene, Leap Innovations, Livingston Products, Modobag, One Million Degrees, Page Vault, Proxfinity, Radio Flyer, Real Food Blends, Shoe Drop and The Mom Project.

To hear more information about the award recipients, watch their video testimonials provided by the Chicago Innovation Awards.