Tampa AI company for auto dealerships raises $20M

A Tampa technology company that provides artificial intelligence for car dealers raised $19.7 million in a Series A financing round that just closed, according to a May 1 statement.

Stella Automotive AI raised its oversubscribed Series A financing round to support ongoing product development and drive growth in the market, the statement from the company says.

The company provides the equivalent of an “Alexa” or “Siri” so that people calling into car dealerships can get questions answered or schedule appointments. Dealers across the country have used Stella Automotive AI to help handle large call volumes and free up their staff to help customers in person rather than answer the phones, the company says.