# SpyneAI

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

- Industry: Internet
- Headquarters: Gurugram, India
- Website: www.spyne.ai
- Total disclosed funding: $16M
- Latest round: Series A (Feb 18, 2025)
- Investors on record: 6

## About

SpyneAI specializes in AI-driven solutions that transform automotive merchandising, enhancing the sales processes for car dealerships and marketplaces through innovative technology.SpyneAI, founded in 2015, is engaged in providing advanced AI solutions for automotive merchandising. The company is headquartered in Gurugram, India and has successfully raised USD 16.00 mn in Series A funding, led by Vertex Ventures with participation from Accel and Storm Ventures on February 25, 2025. The founder of SpyneAI has a background in technology and entrepreneurship, although specific prior company details are not disclosed.Spyne offers an innovative suite of AI-powered solutions specifically designed to enhance automotive merchandising and streamline the sales processes for car dealerships and marketplaces. At the core of their product offering is an Image Studio that enables users to create high-quality car visuals, interactive 360-degree spins, and engaging video tours that replace traditional static brochures. These tools are tailored to drive sales by providing customers with immersive experiences that showcase vehicles from every angle. Targeting global markets, Spyne serves a diverse client base that includes dealerships, automotive marketplaces, and agencies, allowing them to enhance customer engagement and improve their overall sales effectiveness.Spyne's revenue model is primarily built around subscription and partnership structures that facilitate ongoing relationships with its clients. Businesses pay for access to Spyne's suite of services, which may include flagship offerings like the Image Studio and 360 Spin tools. The transaction structure typically involves B2B engagements, where dealerships and marketplaces subscribe to the services, enabling them to utilize the technology for their inventory management and marketing needs. Pricing plans are structured to accommodate various scales of operation, ensuring that both small-scale dealerships and larger marketplaces can benefit from the tools available. The ongoing utilization of these services is aimed at not only enhancing sales but also fostering long-term partnerships that drive mutual profitability.In February 2025, SpyneAI raised USD 16 million in Series A funding from lead investor Vertex Ventures and returning investors Accel and Storm Ventures. The company plans to utilize this funding to enhance face-to-face interactions with dealerships, original equipment manufacturers (OEMs), and marketplaces, thereby improving engagement and accelerating growth. SpyneAI aims to expand its product offerings with new tools designed to further engage customers. Additionally, the company is targeting expansion into new geographical regions, with specific plans to enter North American and European markets by the end of 2025.

## Funding rounds

- Series A, Feb 18, 2025, $16M — Accel, Storm Ventures, Vertex Ventures Southeast Asia & India, Alteria Capital
- Series A, Mar 12, 2020, $0.3M — AngelList, Smile Group
- Seed, Jul 19, 2019, $0.1M — Smile Group

## Investors

- Smile Group (https://capitalatlas.ai/funds/smile-group) — Seed, Series A
- AngelList — Series A
- Accel (https://capitalatlas.ai/funds/accel) — Series A
- Storm Ventures (https://capitalatlas.ai/funds/storm-ventures) — Series A
- Vertex Ventures Southeast Asia & India (https://capitalatlas.ai/funds/vertex-ventures-southeast-asia-india) — Series A
- Alteria Capital (https://capitalatlas.ai/funds/alteria-capital) — Series A