# Fyusion

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fyusion

- Industry: Software
- Headquarters: San Francisco, US
- Website: http://www.fyusion.com
- Total disclosed funding: $38M
- Latest round: Series B (Feb 21, 2017)
- Investors on record: 7

## About

Fyusion, Inc. specializes in advanced imaging technology and AI-driven condition analysis, enhancing the automotive industry's ability to assess vehicle conditions with precision and efficiency.Founded in 2013 in San Francisco, US, Fyusion, Inc. offers innovative imaging solutions for the automotive sector. The firm has received funding from various investors, including ITOCHU Corporation in its latest financing round of USD 3.00 mn. The company is led by CEO Radu Rusu, who co-founded the firm to address the growing need for accurate vehicle assessments.Fyusion specializes in advanced vehicle imaging and AI-driven condition analysis technology, primarily offering solutions that enhance the automotive industry's ability to assess vehicle conditions accurately. Their core product is a suite of imaging tools that deliver stunning 3D imagery of vehicles, combined with deep AI understanding to generate actionable insights. This technology serves a diverse set of end users, including automotive dealers, fleet operators, and individual consumers, enabling them to conduct comprehensive condition reporting and create interactive 3D visualizations of vehicles. Notably, solutions like Manheim Express and Fixed Imaging Tunnels leverage Fyusion's technology to provide condition reports and high-resolution imagery to a broad market, including the U.S. and international automotive sectors. The products are designed to improve the inspection process, allowing users to capture detailed vehicle information efficiently and effectively.Fyusion's revenue model is primarily structured around partnerships and B2B transactions, particularly with automotive companies and dealers who utilize their imaging and AI technology. The firm collaborates with entities like Cox Automotive, integrating their solutions into established marketplaces, which facilitates streamlined vehicle assessments and improved selling platforms. Business transactions typically involve service agreements that encompass the use of flagship offerings such as the 360-degree imaging solution and condition reporting tools, enabling clients to present a comprehensive view of vehicle conditions to potential buyers. The pricing structure reflects the value provided through these advanced technological services, allowing clients to benefit from enhanced operational efficiency and increased buyer engagement within the automotive marketplace.In January 2021, Cox Automotive Inc. acquired Fyusion, Inc., expanding its portfolio of automotive technology solutions. Fyusion aims to enhance its existing products and explore new markets. The company plans to leverage the recent funding of USD 3.00 mn to innovate new imaging technologies and strengthen partnerships globally, particularly in expanding its footprint in international automotive markets. Fyusion's strategy includes launching new imaging products by the end of 2022, focusing on improving vehicle condition assessments and creating enhanced user experiences.

## Funding rounds

- Series B, Feb 21, 2017, $22M — New Enterprise Associates, 2020 Ventures, Shenzhen Xinjidi Innovation Investment, NTT DOCOMO Ventures, Presence Capital, Colopl Next
- Series B, Mar 3, 2015, $12M — New Enterprise Associates, University of Tokyo Edge Capital Partners
- Series A, May 28, 2014, $3.2M — New Enterprise Associates, University of Tokyo Edge Capital Partners

## Investors

- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series A, Series B
- University of Tokyo Edge Capital Partners (https://capitalatlas.ai/funds/university-of-tokyo-edge-capital-partners) — Series A, Series B
- 2020 Ventures (https://capitalatlas.ai/funds/2020-ventures) — Series B
- Shenzhen Xinjidi Innovation Investment — Series B
- NTT DOCOMO Ventures (https://capitalatlas.ai/funds/ntt-docomo-ventures) — Series B
- Presence Capital (https://capitalatlas.ai/funds/presence-capital) — Series B
- Colopl Next (https://capitalatlas.ai/funds/colopl-next) — Series B