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Draft:Impel

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Impel
Company typePrivate
IndustrySoftware AI for the automotive industry
Founded2011
HeadquartersSyracuse, New York, United States
Key people
Devin Daly and Michael Quigley
Number of employees
450 [1]
Websitehttps://impel.ai

Impel is a privately held software company providing software as a service and AI and technology to automotive, heavy truck, recreation, and heavy equipment dealers. The company also specializes in digital merchandising and AI-guided assistance to consumers throughout vehicle ownership.[2] Impel is headquartered in Syracuse, New York[3] and has international offices in London, Tbilisi, Toronto, and Brighton, Australia.[4]

History

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Impel was founded in 2011 by Mike Quigley and Devin Daly under the original name, SwipetoSpin.[5][6] In 2014, the company received funding from Stonehenge Growth Equity Partners [7] and rebranded from SwipetoSpin to SpinCar, focusing exclusively on developing 360-degree imaging solutions for the automotive retail industry.[5]

The company received its next round of funding from Wavecrest Growth Partners in 2018.[8]

In May of 2021, the company acquired Pulsar AI, an automotive conversational AI platform.[9] Following the acquisition, the company rebranded to Impel in March 2022.[10] In November 2022, Impel AI acquired Carlabs.ai, a U.S.-based provider of conversational AI products for the automotive service industry.[11]

Impel raised additional funding in 2023 from Silversmith Capital Partners[12] and went on to acquire Outsell,[13] an automotive Customer Engagement Platform, in 2024.[14]

Recognitions

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  • August 2024: Stevie Award for Technology Excellence[15]
  • July 2024: AI Breakthrough Award for Best Image Processing Solution[16]
  • July 2024: UK Motor Trader Award for IT Innovation of the Year[17]
  • June 2024: Co-founder, Devin Daly was named one of EY’s New York Entrepreneurs of the Year[18]
  • 2019: Spincar Named 118th Fastest Growing Company in North America on Deloitte Technology Fast 500[19]

References

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  1. ^ Vedantam, K. (January 17, 2023). "Ai-generated car buying? Impel's new $104M funding drives innovation". Nasdaq. Retrieved 29 September 2024.
  2. ^ Russo, Martin (July 31, 2024). "Devin Daly, Co-Founder and CEO at Impel - Transforming the Automotive Industry: Revolutionizing Customer Lifecycle Management with AI-Powered Innovation from Inception to Global Leadership". AI Time Journal - Artificial Intelligence, Automation, Work and Business.
  3. ^ "Impel - Products, Competitors, Financials, Employees, Headquarters Locations". www.cbinsights.com.
  4. ^ Georgia, Forbes (May 11, 2021). "SpinCar Acquires Pulsar AI, the Industry's Most Advanced Conversational Artificial Intelligence Platform • Forbes Georgia".
  5. ^ a b "WHAT DRIVES SPINCAR'S DEVIN DALY?=". December 12, 2018.
  6. ^ https://www.thetechgarden.com/news/how-two-cba-grads-founded-hot-syracuse-startup-that-just-landed-a-104m-investment
  7. ^ https://www.wsj.com/articles/DJFVW00120140923ea9nqkeqg
  8. ^ "SpinCar Receives $22 Million Growth Equity Investment". Topmark Partners. October 4, 2018.
  9. ^ "Breaking: SpinCar announces acquisition of Pulsar AI, a leading conversational AI platform". May 11, 2021.
  10. ^ "SpinCar renamed Impel, offers 2nd chance F&I tool | Automotive News".
  11. ^ "The year of M&A continues with Impel acquiring CarLabs".
  12. ^ https://www.wsj.com/articles/silversmith-leads-104-million-investment-in-software-startup-impel-11673646671
  13. ^ "Impel acquires Outsell to create groundbreaking AI sales/marketing platform". July 9, 2024.
  14. ^ "Impel acquires car dealer marketing technology company Outsell | Automotive News".
  15. ^ "Stevie Awards for Technology Excellence - 2024 Stevie Winners". stevies-tech.secure-platform.com.
  16. ^ "2024 Winners".
  17. ^ "Motor Trader Independent Dealer Awards 2024 - 2024 Winners". indies.motortrader.com.
  18. ^ Kasper, Victoria (2024). "EY announces winners for The entrepreneur of the year® 2024 new york award". EY. Retrieved 30 September 2024.
  19. ^ "SpinCar Ranked 118th Fastest Growing Company in North America on Deloitte's 2019 Technology Fast 500™". November 8, 2019.