Numa Raises $32 Million in Series B

by Kay Aloha Villamor in October 2nd, 2024

Numa, a San Francisco, CA-based AI platform focused on transforming auto dealerships, has raised $32 million in a Series B funding, bringing its total funding to $48 million. 

Investors 

The round was led by Touring Capital and Mitsui & Co., Ltd., with participation from existing investors such as Costanoa Ventures, Threshold, and Gradient Ventures. 

Touring Capital is a venture capital firm that invests in early-stage, AI-powered B2B software companies worldwide. The firm focuses on early growth companies, typically at the Series B and C stages, operating in the business-to-business SaaS sector. 

Mitsui & Co. is a global trading and investment company operating in over 60 countries with a diverse portfolio across various industries. It collaborates with trusted international partners to create long-term, sustainable value. 

Numa Use of Funds 

The company plans to use the funding to expand its AI engineering team, accelerate product development, and establish its AI-native dealership model. 

About Numa 

Founded by Andrew Ruff, Joel Grossman, and Tasso Roumeliotis, Numa is building a platform to power AI-native dealerships. It rearchitects automotive service and sales using advanced AI agents to automate customer interactions, streamline operations, and reimagine how dealerships function. Numa integrates AI into every facet of dealership operations—from capturing missed customer calls and voicemails. Numa currently works with over 600 dealerships across the U.S. and Canada. 

Funding Details 

Company: NumberAI, Inc. 

Raised: $32.0M 

Round: Series B 

Funding Date: October 2024 

Lead Investors: Touring Capital, Mitsui & Co., Ltd. 

Additional Investors: Costanoa Ventures, Threshold, Gradient Ventures 

Company Website: https://www.numa.com/  

Software Category: Dealership Management 

Source: https://www.prnewswire.com/news-releases/numa-secures-32m-series-b-to-power-the-ai-native-auto-dealership-302264217.html

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