SpyneAI Raises $16M Series A to Scale AI-Powered Automotive Visual Merchandising in the U.S.
SpyneAI is revolutionizing automotive digital retail by leveraging GenAI and Agentic AI to streamline dealership operations.
Company Name: SpyneAI
Location: New Delhi, India
Industry: Retail
Funding Details:
- Amount: $16M (Series A)
- Investors:
- Lead: Vertex Ventures
- Participants: Accel, Storm Ventures (existing investors)
Purpose of Investment:
- Accelerate U.S. expansion to onboard 20,000+ dealership rooftops.
- Enhance AI-driven automotive retail solutions, integrating GenAI and Agentic AI.
- Further innovation in its visual merchandising and retail automation suite.
Leadership:
- CEO: Sanjay Varnwal
Product:
SpyneAI provides an AI-powered visual merchandising platform for automotive dealerships, enabling them to create:
- Studio-quality images and 360-degree spin videos without physical photography setups.
- Automated marketing content optimized for digital automotive retail.
- AI-driven pricing and vehicle sourcing tools, helping dealerships list, market, and sell cars faster.
About the Company:
Founded in 2023, SpyneAI is revolutionizing automotive digital retail by leveraging GenAI and Agentic AI to streamline dealership operations. The platform eliminates the need for expensive photography equipment, reduces manual work, and provides scalable, high-quality visual assets for auto retailers.
Current Customers & Market Presence:
- 1,500+ dealership rooftops in the U.S. are already using SpyneAI.
- Plans to expand to 20,000+ rooftops nationwide in the coming years.
Future Plans:
With this funding, SpyneAI will scale its AI-powered merchandising and retail automation tools, grow its U.S. presence, and continue innovating in GenAI-driven automotive retail solutions.
