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STELLA™ Automotive AI raised $19.7M in a Series A funding led by The Presidio Group to drive market growth and support ongoing product enhancement and development.

PRIVATEMay 01, 2024

Amount Raised

$19.7 Million

Round Type

Series A

TampaSoftwareArtificial IntelligenceAutomotiveMachine Learning

Investors

West Herr Auto GroupFord Family InvestmentsMbb Auto GroupFlow AutomotiveMile One AutogroupBowers Automotive GroupMills Automotive GroupOremor Automotive GroupQvale Auto GroupReynolds And ReynoldsThe Presidio Group

Description

STELLA™ Automotive AI closed an oversubscribed Series A financing round, raising $19.7 million to drive market growth and support ongoing product enhancement and development. The funding comprises both newly invested capital and outstanding convertible notes that converted into this Series A issuance. The Presidio Group acted as exclusive financial advisor for the Series A financing, securing capital from existing backers and several new investors from within the auto retail ecosystem.

Quick answer

STELLA™ Automotive AI raised $19.7 Million in a Series A round, dated May 1, 2024. Investors: West Herr Auto Group, Ford Family Investments, Mbb Auto Group, Flow Automotive, Mile One Autogroup, Bowers Automotive Group, Mills Automotive Group and Oremor Automotive Group. STELLA™ Automotive AI is based in Tampa, Florida, United States.

How much did STELLA™ Automotive AI raise?
STELLA™ Automotive AI raised $19.7 Million in a Series A round on May 1, 2024.
Who invested in STELLA™ Automotive AI?
West Herr Auto Group, Ford Family Investments, Mbb Auto Group, Flow Automotive, Mile One Autogroup, Bowers Automotive Group, Mills Automotive Group and Oremor Automotive Group are named as investors in this round.
What does STELLA™ Automotive AI do?
STELLA Automotive AI is the leading provider of intelligent conversational AI technology for the automotive industry.
Where is STELLA™ Automotive AI based and how big is it?
STELLA™ Automotive AI is based in Tampa, Florida, United States. Fundz records about 82 employees.
Who are the decision-makers at STELLA™ Automotive AI?
Fundz holds 1 contact at STELLA™ Automotive AI. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Automotive and Software around the same time

Companies in the same sectors as STELLA™ Automotive AI that raised within 45 days of this round, from Fundz verified event records.

  • Zeta Labs raised $2.9M (Pre-Seed) on June 13, 2024.
  • BlinqIO raised $5M (Funding Round) on June 12, 2024.
  • Light raised $13M (Seed) on June 12, 2024.
  • SaleSqueze raised $1.5M (Seed) on June 12, 2024.
  • Flow Computing raised $4.3M (Pre-Seed) on June 12, 2024.
  • Motion Gestures raised $2M (Pre-Series A) on June 11, 2024.

Who to call at STELLA™ Automotive AI, and when

A new round usually means STELLA™ Automotive AI is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day STELLA™ Automotive AI raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at STELLA™ Automotive AI, from your own LinkedIn network

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Company Information

Company

STELLA™ Automotive AI

Location

3001 N ROCKY POINT DR. EAST

Tampa, Florida, United States

About

STELLA Automotive AI is the leading provider of intelligent conversational AI technology for the automotive industry. With its simple-to-deploy SaaS platform, STELLA automates repetitive customer service tasks, improves communication, and connects customers with experts in real-time. By using natural language processing, STELLA is revolutionizing the automotive retail experience—helping dealers and OEMs improve efficiency, boost customer satisfaction, and increase profitability.

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Fundz sees it the moment STELLA™ Automotive AI raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

STELLA™ Automotive AI raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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