• Carvana acquires Car360 for $22M to improve its car buying platform

    7 monthes ago - By Tech Crunch

    Carvana is already an innovative way to shop for a car and it could get better thanks to Car360. The two companies share an interest in improving the car buying experience through enhanced imagery. Car360's approach is different from Carvana's as it's focused on photos shot with a mobile device. This approach could allow Carvana to accelerate and scale its operations as it currently leans on expensive DSLR rigs to capture most of its imagery.
    The deal cost Carvana $6.7M in cash and issued $15.2 million in new stock putting the total acquisition price around $22 million. All 16 of Car360's...
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  • Carvana acquires Mark Cuban-backed car imagery platform Car360 for $22 million

    Carvana acquires Mark Cuban-backed car imagery platform Car360 for $22 million

    7 monthes ago - By Venture Beat

    Online used car dealer Carvana, famous for its gargantuan automobile vending machines, has acquired Car360, a Mark Cuban-backed startup that offers computer vision and interactive 360-degree imagery technology to help car sellers showcase their vehicles. Carvana paid $6.7 million in cash, according to a SEC filing, while also issuing shares with an...
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  • Atlanta augmented reality startup Car360 acquired by online retailer Carvana

    Atlanta augmented reality startup Car360 acquired by online retailer Carvana

    7 monthes ago - By Biz Journals

    Mark Cuban-backed augmented reality startup Car360 has been acquired by online auto retailer Carvana. Financial terms of the deal were not disclosed.
    Atlanta-based Car360 develops computer vision and augmented reality software for the auto industry. The Car360 platform uses computer vision and augmented reality to allow interactive visualization of cars and related data.
    The startup has raised $3.5 million from BIP Capital and included Cuban, the billionaire...
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