About CoPilot
CoPilot is a company based in Chicago (United States) founded in 2015 by Pat Ryan. It operates as a AI-as-a-Service. CoPilot has raised $41 million across 5 funding rounds from investors including Chicago Ventures, Next Coast Ventures and SciFi VC. CoPilot offers products and services including CoPilot for Car Shopping and CoPilot for Car Buying. CoPilot operates in a competitive market with competitors including Le Car, CarBlip, Carjojo, Monroneylabels.com and One Auction View, among others.
- Headquarter Chicago, United States
- Founders Pat Ryan
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$41 M (USD)
in 5 rounds
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Latest Funding Round
$23 M (USD), Series B
Jul 19, 2023
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Investors
Chicago Ventures
& 3 more
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Employee Count
Employee Count
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Products & Services of CoPilot
CoPilot offers a comprehensive portfolio of products and services, including CoPilot for Car Shopping and CoPilot for Car Buying. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI-assisted car shopping tool for personalized vehicle search.
AI-guided car buying service to prevent overpaying.
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Funding Insights of CoPilot
CoPilot has successfully raised a total of $41M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $23 million completed in July 2023. 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.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series B — $23.0M
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First Round
First Round
(31 Mar 2018)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Series B - CoPilot | Valuation | Chicago Ventures , Next Coast Ventures |
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| Oct, 2020 | Amount | Debt – Conventional - CoPilot | Valuation |
investors |
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| Oct, 2020 | Amount | Series A - CoPilot | Valuation |
investors |
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| 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 |
Investors in CoPilot
CoPilot has secured backing from 4 investors, including venture fund and angel investors. Prominent investors backing the company include Chicago Ventures, Next Coast Ventures and SciFi VC. 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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VC firm investing in seed stage tech companies in the US
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Founded Year | Domain | Location | |
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Early-stage technology companies are invested in via thematic research.
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Founded Year | Domain | Location | |
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Investments are directed toward early-stage consumer-tech startups.
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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 CoPilot
| 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 - CoPilot
| 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 |
Copilot Comparisons
Competitors of CoPilot
CoPilot 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 Le Car, CarBlip, Carjojo, Monroneylabels.com and One Auction View, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Le Car is engaged in providing car purchase research assistance.
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| domain | founded_year | HQ Location |
App-based car buying and negotiation platform
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| domain | founded_year | HQ Location |
Offers blog posts on car maintenance, luxury cars, and parking etiquette tips.
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| domain | founded_year | HQ Location |
Online concierge services are delivered via Monroneylabels.com platform.
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| domain | founded_year | HQ Location |
It functions as an online concierge service providers.
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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 Copilot
Frequently Asked Questions about CoPilot
When was CoPilot founded?
CoPilot was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is CoPilot located?
CoPilot is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of CoPilot?
Pat Ryan is the current CEO of CoPilot. They have also founded this company.
Is CoPilot a funded company?
CoPilot is a funded company, having raised a total of $41M across 5 funding rounds to date. The company's 1st funding round was a Series A of $5M, raised on Mar 31, 2018.
What does CoPilot do?
CoPilot is engaged in providing AI-driven solutions for car shopping and buying. The platform is designed to assist users in finding vehicles based on personalized preferences and market trends. Services are offered to ensure users avoid overpaying and common pitfalls in the car purchasing process. The company operates within the automotive technology sector, leveraging artificial intelligence to analyze millions of cars instantly. Users are supported 247 through a free app that prioritizes privacy and unbiased results.
Who are the top competitors of CoPilot?
CoPilot's top competitors include CarBlip, Le Car and Monroneylabels.com.
What products or services does CoPilot offer?
CoPilot offers CoPilot for Car Shopping and CoPilot for Car Buying.
Who are CoPilot's investors?
CoPilot has 4 investors. Key investors include Chicago Ventures, Next Coast Ventures, SciFi VC, and Arthur Patterson.