Openbay, a Cambridge, MA-based online marketplace for automotive repair and services and a provider of SaaS based solutions for the automotive aftermarket industry, closed an $8M Series A round of financing.
The round was led by Shell Ventures with participation from existing investor Stage 1 Ventures and an additional strategic investor.
The company intends to use the funds to bring to market artificial intelligence (AI) enabled solutions for businesses that provide automotive repair services and to grow existing and new markets across all its offerings.
Led by Rob Infantino, founder and CEO, Openbay provides an online marketplace that allows consumers to locate automotive service providers, compare price quotes for services and transact for automotive maintenance services. The company also offers SaaS based solutions for automotive care businesses to acquire and service customers.