SpyneAI, a New Delhi, India-based provider of an AI-powered visual merchandising platform for the automotive industry, raised $16M in Series A funding.
The round was led by Vertex Ventures. Existing investors, including Accel and Storm Ventures also participated.
The company intends to use the funds to accelerate its U.S. expansion and innovation in its GenAI-driven automotive retail suite.
Founded in 2023 and led by CEO Sanjay Varnwal, SpyneAI provides AI-driven visual merchandising solutions for automotive dealerships, helping them create studio-quality images, 360-degree spin videos, and automated marketing content at a fraction of the cost. Beyond visual merchandising, the company is launching a unified AI-powered automotive retail solution to help dealerships source, price, and sell vehicles more efficiently using GenAI and Agentic AI.
With 1,500+ existing dealer rooftop customers in the U.S., the startup plans to onboard 20,000+ rooftops in the coming years across the country.
FinSMEs
25/02/2025