# NumberAI

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

- Industry: Software
- Headquarters: Oakland, US
- Website: www.numa.com
- Total disclosed funding: $44M
- Latest round: Series B (Oct 1, 2024)
- Investors on record: 6

## About

NumberAI, Inc. is a US-based company specializing in generative AI solutions for the automotive sector, enhancing customer engagement and operational efficiency for dealerships across the nation.NumberAI, Inc. is focused on providing advanced AI tools to automotive dealerships, headquartered in Oakland, US. Founded in 2016 by Andy Ruff, Joel Grossman, and Tasso Roumeliotis, the company has navigated its strategic direction to support the growing needs of automotive retailers. The recent funding round, Series B, raised USD 32.00 mn, bringing the total raised to USD 32.00 mn with a current valuation of USD 148.76 mn as of October 2024. Tasso Roumeliotis serves as CEO, leading the company through four investment deals to date, with the latest in October 2024 involving new investor Mitsui & Co.NumberAI, Inc. offers a suite of generative AI solutions tailored for automotive dealerships to boost customer engagement and streamline operations. Key products include an AI-driven Sales Inbox for automating interactions, advanced voice technology for appointment scheduling, and intelligent routing for customer communications. These tools are designed to enhance the Customer Satisfaction Index (CSI) by integrating seamlessly with existing Dealer Management Systems (DMS), ultimately supporting dealerships in converting leads into loyal customers.Numa's revenue model is based on subscription services, allowing dealerships to access a range of AI-powered tools including the AI Sales Inbox and appointment scheduling systems. These subscription plans are tailored according to the dealership's size and operational needs, fostering B2B transactions that enhance customer service capabilities and operational efficiency for automotive retailers.Looking ahead, NumberAI, Inc. plans to leverage its recent Series B funding from Mitsui & Co. to further enhance dealer operations with innovative AI tools aimed at improving efficiency and customer satisfaction. The company is poised to expand its market presence within the automotive sector, with a focus on new geographic regions by 2025. Additionally, the investment will support the development and launch of new products aimed at addressing the evolving needs of automotive dealerships.

## Funding rounds

- Series B, Oct 1, 2024, $32M — Costanoa Ventures, Mitsui & Co., Gradient Ventures, Touring Capital, Threshold
- Series A, Dec 19, 2018, $11M — Draper Fisher Jurvetson, Costanoa Ventures, Gradient Ventures
- Seed, Oct 11, 2017, $1.6M — Draper Fisher Jurvetson

## Investors

- Draper Fisher Jurvetson (https://capitalatlas.ai/funds/draper-fisher-jurvetson) — Seed, Series A
- Costanoa Ventures (https://capitalatlas.ai/funds/costanoa-ventures) — Series A, Series B
- Gradient Ventures (https://capitalatlas.ai/funds/gradient-ventures) — Series A, Series B
- Mitsui & Co. — Series B
- Touring Capital (https://capitalatlas.ai/funds/touring-capital) — Series B
- Threshold — Series B