Spyne.ai Research
AI-Powered Visual Merchandising for Automotive
Company Intelligence Report
February 2026
February 2026
Company Overview
- Founded 2018
- HQ Jersey City, NJ
- Employees ~380
- Industry AI SaaS
- Revenue ~$18.4M ARR
Core Products
- Studio AI: Smartphone to Studio images
- Vini AI: 24/7 AI lead engagement
- 360° spins & video walkarounds
- Inventory management tools
Focus: Accelerated US market expansion.
Funding History
Total Raised: $23.1M
Series A — $16.0M
February 2025 • Vertex Holdings, Alteria Capital, Accel, Storm Ventures
Series A — $7.0M
April 2022 • Accel, Storm Ventures, Smile Group, Pentathlon, Core91
Seed & Early Rounds
2019 - 2020 • Smile Group, AngelList
Note: Fresh $16M closed Feb 2025 — currently deploying capital to scale operations in North American territory.
Technology Stack
Infrastructure
AWS, Cloudflare
Marketing & Ops
HubSpot, Google Analytics, GTM, Mixpanel, Hotjar
Development
Bootstrap, Android, New Relic
Advertising
Facebook Custom Audiences, LinkedIn Marketing, Google Dynamic Remarketing
Executive Leadership
- Saroj Kumar Sahoo Co-Founder & CEO
- Shashank Shalabh Co-Founder & CTO
- Yash Goyal VP of Engineering
- Nilesh Patel VP of Sales
- Mrigank Ramen Head of Product
- Prachi Jain Head of Marketing
Market Signals
Spyne is actively hiring across Engineering, Sales, and Product departments.
The heavy investment in US-facing roles indicates an accelerated market expansion phase following the Series A capital deployment in 2025.
Competitive Context
Spyne.ai
Broad platform suite: imaging, AI leads, inventory management.
- $23.1M Raised
- Enterprise focus
- 380 Employees
CarShots
Focused: AI-enhanced professional inventory photography.
- Lean & Speed-focused
- Early-stage
- Direct dealer relationships
Key Insight: Spyne is playing the platform game; CarShots has an opportunity to win on focus, agility, and premium output quality.
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