Spyne raises $16 million in round led by Vertex Ventures

Automotive-focused visual technology startup Spyne has raised $16 million in a Series A funding round led by Vertex Ventures.The round also witnessed participation from existing investors Accel, Storm Ventures, and Alteria Capital.

The Gurugram-based company plans to use the fresh capital to expand its presence in the US while also growing in Europe, the Middle East and Africa (EMEA), and Asia Pacific. It is also developing artificial intelligence (AI)-driven solutions to optimise automotive retail operations.

“We are expanding very aggressively in…