Draft:AutoComplete (tech company)
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| Company type | Private |
|---|---|
| Industry | Technology, insurtech |
| Founded | 2021 |
| Founder | Ahmed Khaishgi, Jeffrey Pang, Jon Zhang |
| Headquarters | San Francisco, California |
Key people | Ahmed Khaishgi (CEO)[1] |
| Website | autocomplete.io |
AutoComplete is a technology company based in San Francisco, California. The company provides an AI-driven platform aimed at simplifying the vehicle insurance process within automotive dealerships by offering insurance options during the car purchase.[2][3]
History
[edit]AutoComplete, Inc. was co-founded in 2021 by Ahmed Khaishgi, Jeffrey Pang, and Jon Zhang. Khaishgi co-founded SquareTrade,[4] an insurtech that raised $238 million from Bain Capital and was acquired by Allstate for approximately $1.4 billion in 2017.[5][6] Pang previously founded Breeze, providing auto leasing to Uber and Lyft customers.[7] Breeze was renamed Canvas and subsequently acquired by Ford Motor Company in 2016,[8] and later sold to FAIR, Inc.[9] Zhang founded Glassmap in 2011, while a graduate student at Stanford, and it was an early Y Combinator company.[10] Groupon acquired Glassmap in 2013 to build out its local shopping efforts.[11]
In August 2024, AutoComplete raised a funding round led by The Presidio Group, with participation from Bain Capital Ventures, FM Capital, AutoNation, and Ken Garff Automotive Group. The funds will be used to develop the platform and expand the company's reach.[12]
Products and services
[edit]AutoComplete's AI-based platform automates the insurance process for car buyers at dealerships, reducing the process to a few minutes and providing tailored, competitive quotes instantly. This integration addresses the issue of insurance readiness at the time of purchase and provides dealerships with an additional revenue stream.[2][3]
AutoComplete's technology integrates insurance into the car purchase process. The company aligns with broader industry trends to improve efficiency through AI and digital tools.[1]
References
[edit]- ^ a b "The Presidio Group Advises AutoComplete Inc. on Capital Raise". Yahoo Finance. 2024-08-06. Retrieved 2024-10-01.
- ^ a b "Dealer Groups Invest in AutoComplete's AI Tech Platform for Auto Insurance". Auto Remarketing. 2024-08-06. Retrieved 2024-10-01.
- ^ a b "AutoComplete Secures Funding to Enhance Insurance Solutions". Fintech Global. 2024-08-06. Retrieved 2024-10-01.
- ^ "The Presidio Group Advises AutoComplete Inc". The Presidio Group. 2024-08-05. Retrieved 2024-10-01.
- ^ "Allstate to Buy SquareTrade for $1.4 Billion". Insurance Journal. 2016-11-28. Retrieved 2024-10-01.
- ^ "AutoComplete Raises Capital". Coverager. 2024-08-05. Retrieved 2024-10-01.
- ^ Said, Carolyn (2024-04-01). "S.F. startup provides rental cars for Uber, Lyft drivers". SFGATE. Retrieved 2024-10-01.
- ^ Thibodeau, Ian (2019-09-12). "Ford sells vehicle subscription service Canvas". The Detroit News. Retrieved 2024-10-01.
- ^ Wayland, Michael (2019-09-12). "Ford sells monthly vehicle subscription service to Fair". CNBC. Retrieved 2024-10-01.
- ^ Ho, Lana (2011-10-25). "Marauder's map? There's an app for that". Stanford University. Retrieved 2024-10-01.
- ^ Olanoff, Drew (2013-01-12). "Groupon Acquires Realtime Location-Aware Service Glassmap To Help You Find Deals". TechCrunch. Retrieved 2024-10-01.
- ^ "The Presidio Group Advises AutoComplete Inc. on Capital Raise". Business Wire. 2024-08-05. Retrieved 2024-10-01.