About Auction123
Auction123 is a company based in Miami (United States) founded in 2001 was acquired by ARI Network Services in November 2016.. The company has 570 employees as of December 31, 2021. Auction123 operates in a competitive market with competitors including Upstart, Reynolds and Reynolds, Tekion, CDK Global and Work Truck Solutions, among others.
- Headquarter Miami, United States
- Employees 570 as on 31 Dec, 2021
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Ari Network Services, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
570
as on Dec 31, 2021
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Acquired by
ARI Network Services
(Nov 01, 2016)
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Funding Insights of Auction123
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Auction123
Auction123 has secured backing from 1 investor. Prominent investors backing the company include ARI Network Services. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Dealer technology solutions are provided to support business operations.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Auction123
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Auction123
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Auction123 Comparisons
Competitors of Auction123
Auction123 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 Upstart, Reynolds and Reynolds, Tekion, CDK Global and Work Truck Solutions, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Diversified loans are provided via an AI-enabled online marketplace.
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| domain | founded_year | HQ Location |
Software and services for automotive dealership retailing are provided.
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| domain | founded_year | HQ Location |
AI and cloud-driven systems for auto dealership management are provided.
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| domain | founded_year | HQ Location |
Cloud-driven management systems for auto dealerships are provided.
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| domain | founded_year | HQ Location |
SaaS inventory management is provided for truck dealerships.
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| domain | founded_year | HQ Location |
Vertical solutions for car owners and automotive workshops are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Auction123
Frequently Asked Questions about Auction123
When was Auction123 founded?
Auction123 was founded in 2001.
Where is Auction123 located?
Auction123 is headquartered in Miami, United States. It is registered at Miami, Florida, United States.
How many employees does Auction123 have?
As of Dec 31, 2021, the latest employee count at Auction123 is 570.
What does Auction123 do?
Auction123 was founded in 2001 in Miami, United States, focusing on the automotive sector. Web-based software is offered to dealerships for website development, inventory management, and online marketing. Seamless integration is enabled between Dealer Management Systems, dealer websites, and third-party classified sites. Over 9,000 customers are registered, with tools provided for inventory marketing and management operations.
Who are the top competitors of Auction123?
Auction123's top competitors include Upstart, Reynolds and Reynolds and Seez.
Who are Auction123's investors?
Auction123 has 1 investor. Key investors include ARI Network Services.