Austin-based, a data-as-a-service platform for autos and real estate, today announced a $14 million investment from Capital One Growth Ventures.
The infusion of capital will help expand the Vast data platform to other verticals, while bolstering their CarStory.com product, which integrates with Vast's consumer marketplace.
“Big data for life’s biggest purchases, that’s what Vast is all
about,” said Vast CEO, John Price. “Our patented approach delivers critical discovery information, predicts alternatives and analyzes the local market to guide the purchase decision in service of the buyer. Companies like Capital One are utilizing Vast to help ensure they are delivering a positive user experience to their customers fueled by insights that both inform and delight.”
Founded in 2005, Vast's data discovery platform helps shoppers find the right vehicle to purchase. CarStory currently curates over 3.5 million unique vehicles.
Jaidev Shergill, Managing Partner of Capital One Growth Ventures, will join the Vast board of directors.
“What Vast is delivering to consumers with its CarStory product is
very intriguing to us at Capital One,” said Shergill. “Consumers
expect more information at their fingertips and for that data to be
personalized and customized. Big data technologies enable this and Vast delivers it.”
Have a tip for us or know of a company that deserves coverage? Email us at [email protected].