Stella Automative AI, a Tampa, FL-based provider of automotive artificial intelligence technology, raised $19.7M in Series A funding.
The raise included both newly invested capital and outstanding convertible notes that converted into this Series A issuance. Backers included Reynolds and Reynolds, Qvale Auto Group, OREMOR Automotive Group, Mills Automotive Group, Bowers Automotive Group, MileOne Autogroup, Flow Automotive, MBB Auto Group, Ford Family Investments and West Herr Auto Group.
The company intends to use the funds to drive market growth and support ongoing product enhancement and development.
Led by CEO Rich Sands, StellaAutomotive AI is a provider of automotive AI technology that helps auto dealers to deliver a customer experience via telephone, chat and web. Its AI assistant can simultaneously handle inbound calls as it engages in natural language conversations and t is trained on a wide range of automotive retail topics and can answer frequently asked questions and schedule service and sales appointments.
The company’s products integrate with existing dealership software offered by companies like Reynolds and Reynolds, a provider of the full Retail Management System for auto retailers.
FinSMEs
06/05/2024