STELLA Automotive AI, based in Tampa, FL, is an artificial intelligence technology that enables solutions for the automobile industry to talk to customers. It uses cognitive conversational artificial intelligence to answer phones, talk to customers, and strengthen core BDC functions like setting appointments.
Using STELLA’s technology, dealerships can solve the longtime major pain points of engaging with customers in a timely and helpful fashion. STELLA’s AI assistant can simultaneously handle unlimited inbound calls, engaging in natural language conversations 24/7 to deliver a world-class customer experience. The STELLA assistant is trained on a wide range of automotive retail topics and can answer frequently asked questions and schedule service and sales appointments.
Stella was funded $19.7 million newly invested capital and outstanding convertible notes that converted into this Series A issuance. Backers included Reynolds and Reynolds, Qvale Auto Group, OREMOR Automotive Group, Mills Automotive Group, Bowers Automotive Group, MileOne Autogroup, Flow Automotive, MBB Auto Group, Ford Family Investments, and West Herr Auto Group, and other strategic angel investors.
This substantial investment is earmarked for accelerating product development and fueling the company’s growth in the market. Stella Automotive AI has been making waves with its innovative approach to leveraging artificial intelligence. Our technology is not just about enhancing various aspects of the automotive sector, from autonomous driving technologies to advanced analytics for vehicle performance optimization, but it’s about revolutionizing the way we interact with customers and strengthen core BDC functions.
Presidio Managing Director Keith Style rightly pointed out that having dealers on board as early investors and users of STELLA’s technology creates a symbiotic relationship that benefits both parties. Our strategic investors, who have deployed these solutions, play a crucial role in providing real-time feedback. This invaluable input enables STELLA to quickly enhance its current product offerings and develop a robust roadmap of future products that dealers want to deploy in their stores.
Stella Automotive AI’s successful funding round underscores the growing interest and investment in AI-driven innovations within the automotive sector, highlighting the industry’s ongoing transformation towards more intelligent, efficient, and connected vehicles.
By: K. Tagura
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