Openbay has secured US$8 million in financing to develop artificial intelligence (AI) enabled solutions for businesses that provide automotive repair services
The Cambridge, Mass.-based company, which runs an online marketplace for automotive repair and services, says the funding will also be used to grow existing and new markets across all its offerings.
Openbay.com empowers consumers to locate automotive service providers, compare price quotes for services, and contract automotive maintenance services.
“Openbay’s vision has not changed since its inception: (to) fundamentally improve the experience for automotive repair and services for consumers, and the way that automotive care businesses acquire and service customers,” said Rob Infantino, founder and CEO of Openbay. “Consumers expect their interactions across websites, social platforms, mobile and messaging apps to be engaging and interactive. This requires natural-language processing, machine learning and predictive analytics. With fresh capital and depth of the resources our strategic and global investors bring to Openbay, the company is now well positioned to grow and expand its offering globally.”