Tech Company Financing Transactions
Sensigo Funding Round
Sensigo closed a $5 million Seed funding round on 10/9/2023. Investors included Porsche Ventures and UP.Partners.
Transaction Overview
Company Name
Announced On
10/9/2023
Transaction Type
Venture Equity
Amount
$5,000,000
Round
Seed
Investors
Porsche Ventures (Lead Investor)
UP.Partners (Lead Investor)
Proceeds Purpose
Sensigo, a San Carlos, CA-based AI-powered automotive data platform startup.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
655 Skyway Road 200
San Carlos, CA 94070
USA
San Carlos, CA 94070
USA
Phone
Undisclosed
Website
Email Address
Overview
Sensigo, the second startup to emerge from the UP.Labs and Porsche partnership, is an AI platform that anticipates and streamlines automotive diagnostics for the service center. Powered by SenseAI, Sensigo is able to prioritize diagnostic data, predict part replacements, and streamline parts procurement to significantly reduce automotive repair costs and time. These workflows and smart diagnostic tools optimize first-time fix rates and vehicle repairs, leading to increased customer satisfaction and revenue for service centers. With cars becoming more software-based, Sensigo advances automotive service and sets the standard in operational efficiency and customer satisfaction.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Rakesh Hegde
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We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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