New Delhi, Feb. 18 -- Spyne, an AI-powered visual merchandising platform for the automotive industry, has secured USD 16 million in Series A funding led by Vertex Ventures.

Existing investors Accel, Storm Ventures, and Alteria Capital participated in the round, doubling down on their previous investments in the startup.

The fresh capital will fuel Spyne's ambitious growth plans, with a particular focus on aggressive expansion in the US market and development of next-generation AI solutions designed to transform automotive retail operations.

"This investment marks a pivotal moment for Spyne as we accelerate our US expansion and push the boundaries of what AI can do for automotive retail," said Sanjay Varnwal, Co-Founder and Chief Execut...