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]

Reynolds and Reynolds has a vision. A Skaivision, to be precise. The dealership software provider announced a collaboration with Skaivision, creator of “smart space” computer vision artificial intelligence software for auto dealerships, that includes an investment in the company. In a news release, Reynolds said it sees the partnership as “a significant opportunity to help […] [Read More]

The automotive retail landscape has undergone significant change in recent years, with dealerships facing new challenges with their inventory acquisition strategies. The traditional methods of sourcing vehicles through trade-ins and wholesale auctions are no longer sufficient to meet the demands of today’s competitive market. Today’s inventory challenges require innovative solutions that leverage sophisticated, real-time technology. […] [Read More]

On Thursday, Black Book rolled out its newest solution for automotive clients to gain information and insight, introducing the Black Book Brand Value Index (BVI). Black Book highlighted BVI measures various aspects of a brand, including brand equity, market position and perception. The company said BVI can be used by automakers and portfolio risk managers […] [Read More]