About AlgoDriven
AlgoDriven is a company based in Brisbane (Australia) founded in 2008. AlgoDriven has raised $2.78 million across 3 funding rounds from investors including Social Capital, Global Ventures and Automotive Ventures. AlgoDriven offers products and services including EvalExpert, DriveExpert, InspectExpert, AlgoDriven Insights, and Vehicle Spec Data. AlgoDriven operates in a competitive market with competitors including Otonomo, AutoAlert, TecAlliance, Privacy4Cars and Data Enlighten, among others.
- Headquarter Brisbane, Australia
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Sectors
Transportation, Automotive & LogisticsTechnology
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$2.78 M (USD)
in 3 rounds
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Latest Funding Round
$2 M (USD), Series A
Oct 07, 2021
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Investors
Social Capital
& 8 more
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Employee Count
Not available
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Products & Services of AlgoDriven
AlgoDriven offers a comprehensive portfolio of products and services, including EvalExpert, DriveExpert, InspectExpert, AlgoDriven Insights, and Vehicle Spec Data.
Automates vehicle appraisals with data-driven analysis for dealerships.
Manages test drives and provides sales analytics for conversions.
Identifies and reports vehicle damage for accurate stocking.
Offers vehicle value forecasts and market analysis tools.
Provides comprehensive vehicle specifications for decision-making.
Delivers accurate used car pricing data via VIN analysis.
Predicts vehicle future values using market insights.
People of AlgoDriven
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Funding Insights of AlgoDriven
AlgoDriven has successfully raised a total of $2.78M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $2 million completed in October 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in AlgoDriven
AlgoDriven has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Social Capital, Global Ventures and Automotive Ventures.
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Investments are directed by Automotive Ventures toward automotive sector companies.
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Investor details for AlgoDriven
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Investments & Acquisitions by AlgoDriven
Investment portfolio details for AlgoDriven
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Financial Statements - AlgoDriven
Detailed financials for AlgoDriven
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Algodriven Comparisons
Peer comparison for AlgoDriven
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Competitors of AlgoDriven
AlgoDriven operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Otonomo, AutoAlert, TecAlliance, Privacy4Cars and Data Enlighten, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Online platform offering a data marketplace for the automotive sector
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Automotive data mining and trade-cycle management are provided for dealerships.
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TecAlliance is recognized as a global leader in providing spare parts data and business solutions for the automotive aftermarket.
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Personal data from vehicles is deleted securely and traceably.
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AI-driven solutions for automotive aftermarket data are provided.
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Detailed competitors of AlgoDriven
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Latest news on Algodriven
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Frequently Asked Questions about AlgoDriven
AlgoDriven was founded in 2008 and raised its 1st funding round 11 years after it was founded.
AlgoDriven is headquartered in Brisbane, Australia. It is registered at Brisbane, Queensland, Australia.
AlgoDriven is a funded company, having raised a total of $2.78M across 3 funding rounds to date.
AlgoDriven was founded in 2008 in Brisbane, Australia, as a provider of SaaS-based data management for the automotive sector. Tools and technology are supplied to support vehicle identification, data-driven appraisals, and used car price predictions. Services are utilized by car dealerships, finance companies, insurance organizations, and automotive classifieds to facilitate vehicle valuation and commerce operations.
AlgoDriven's top competitors include Otonomo, AutoAlert and Privacy4Cars.
AlgoDriven offers EvalExpert, DriveExpert, InspectExpert, AlgoDriven Insights, and 3 more products and services.
AlgoDriven has 9 investors. Key investors include Social Capital, Global Ventures, Automotive Ventures, Spartech Ventures, and Oman Tech Fund.