AlgoDriven, a Dubai-based automotive data platform, has raised $2 million in a Series A funding round led by international venture capital firm Global Ventures.
The automotive data platform supports car dealers, classifieds, banks, and insurance companies to accurately identify and price used cars.
Glenn Harwood, co-founder at AlgoDriven, expects an increasing demand for the platform’s vehicle data, pricing and appraisal software.
“We have seen strong growth in demand for our automotive data and software over the last few years both regionally, and in the international markets we operate in. As trends such as e-commerce and new ownership models continue to transform the automotive industry”, he commented.
