Car360, an Atlanta, GA-based company that combines computer vision and augmented reality to create innovative solutions for the auto industry, completed a $3.55m Series A financing.
The round was led by BIP Capital (recently merged with Accelerant Venture Capital), with participation from existing investor Mark Cuban’s Radical Investments, and new investor Service Provider Capital.
The company plans to use the funding to grow its team by up to 60 positions in Atlanta to expand sales and marketing and to execute the product roadmap.
Created by Bruno Francois and led by John Hanger, CEO, Car360 has developed a platform that utilizes computer vision and augmented reality to enable interactive visualization of cars and related data, improving user experiences that were previously characterized by time- and bandwidth-consuming searches through countless still photos or long videos and arcane condition reports. With Car360, users can intuitively and quickly navigate and digest the vehicle imagery and data of interest. Companies that can benefit from the platform include automotive manufacturers, dealers, professional car photographers, auctions, inspection companies and insurance claim processors.
Car360 has numerous global automotive software solution providers as customers, including Canada’s autoTRADER.ca.