Today we announce that we’ve invested in Car360, a technology platform bringing computer vision and augmented reality to the auto industry. We’re proud to be joined by Mark Cuban’s Radical Investments and Service Provider Capital in the $3.55M Series A financing round and look forward to working with Car360 founder Bruno Francois and CEO John Hanger to grow the company.
On the announcement, BIP Capital Managing Partner Paul Iaffaldano shared: “The use of disconnected collections of photos, videos and textual data to describe cars on web pages is as old as the web itself and has not evolved much—until now. With the rapid demand among consumers to evaluate major purchase decisions through augmented reality, companies that use Car360 are on the cutting-edge of giving customers the best experience short of actually test driving a vehicle.”
Read the full press release here.