AutoGrab

About

AutoGrab provides an AI-driven vehicle valuation and automotive market intelligence platform for dealerships, insurers, fleet managers, and financial institutions.

Mission

Founded in 2020, AutoGrab offers an artificial-intelligence platform that delivers real-time vehicle valuations, sourcing insights, and analytics, positioning itself as “a Bloomberg terminal for the auto industry.” The software identifies a car down to exact variant and market context within seconds, helping insurers, dealers, and fleet managers determine true market value and optimise transactions. The company already counts about 1,000 Australian dealerships as customers and is used by 90% of local motor insurers for total-loss settlements. Cofounders Chris Gardner and Daniel Werzberger split leadership duties, with Gardner spearheading the newly launched London office to drive European expansion while Werzberger oversees Australian operations. AutoGrab plans to channel new capital into growth across the UK, broader Europe, and the Asia-Pacific region, with an eye on complexities such as the influx of Chinese EV brands. Prior to its latest raise, the startup secured a US$5 million Seed round in 2022 and a US$7 million Series A in October 2023, reflecting steady investor confidence. The most recent funding valued the company at US$230 million, underscoring strong traction in both domestic and international markets.

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