SpyneAI, founded in 2023 and based in New Delhi, offers AI-driven visual merchandising for automotive dealerships, producing studio-quality images, 360-degree spin videos, and automated marketing content. The company is launching a unified AI-powered automotive retail solution that leverages GenAI and Agentic AI to help dealerships source, price, and sell vehicles more efficiently. SpyneAI serves more than 1,500 dealer rooftops in the U.S. and plans to onboard over 20,000 rooftops in the coming years. Led by CEO Sanjay Varnwal, the startup aims to expand its U.S. presence and product innovation using the recent funding. The company intends to use the capital to accelerate U.S. expansion and further develop its GenAI-driven automotive retail suite. Spyne (Eventila Technologies Pvt Ltd) is a Gurugram-based deeptech company that builds AI-driven tools to create high-quality product images and videos at scale. Its platform claims to deliver fully automatic, industry-first AI image processing that can produce studio-finish images up to 500x faster, and it serves more than 80 customers across 15 countries, including Amazon India, Flipkart and OLACars. Founded in 2018 by Sanjay Kumar and Deepti Prasad, the company recently launched a self-serve product, Spyne AI Cars, for the automotive industry and plans to replicate the model for ecommerce and food. Spyne raised $7.0M in April 2022 in a funding round led by Accel with participation from Storm Ventures, Smile Group, Pentathlon Ventures, Core91 and other founders/CXOs. The fresh capital will be used to hire talent, support global expansion including entry into the US market, and establish a computer vision lab for deeper R&D. The company also intends to expand its technology into AR/VR to build products for the Metaverse and Omniverse.

Total raised

$23M

Funding rounds

2

Latest round

Series A

Latest activity

Feb 2025