Auction.io, a Dallas, TX-based B2B SaaS provider of auction and e-commerce solutions, raised an undisclosed amount in funding.
The round saw participation from Agya Ventures, Adam Neumann (166 2nd Financial Services), Liquid 2 Ventures, Sam Parr (founder of The Hustle), SRM Development, and others.
The company intends to use the funds to accelerate expansion and capitalize on its technology, which leverages machine learning and AI to enhance the auction experience for both buyers and sellers, to expedite growth across key verticals, including returns processing, automotive, collectibles, animals, real estate, and more.
Led by CEO Rajesh Rajaram, Auction.io is a B2B SaaS solution company specializing in providing customizable single and multiple vendor e-commerce auction marketplaces in the U.S. and globally. It remains dedicated to serving the automotive and returns processing industry, where it has seen remarkable success by offering tailored solutions to meet industry-specific demands. Simultaneously, the company continues to innovate in the realm of live video auctions, utilizing technology to deliver an auction experience.
FinSMEs
23/10/2023