Dealer groups flock to AutoComplete’s AI tech for auto insurance.

TLDR:

• AutoComplete completes financing round for AI-based auto insurance platform
• Seven dealership groups, including AutoNation and Butler Automotive Group, invest in the platform

AutoComplete, an AI-based technology platform for auto insurance, has secured a financing round led by Bain Ventures and FM Capital, with strategic investments from seven dealership groups including AutoNation, Butler Automotive Group, and others. The platform, founded by Ahmed Khaishgi in 2021, aims to streamline internal operations and monetize the vehicle insurance process for dealerships without disrupting car sales. By shopping for competitive insurance offers based on customer requirements, AutoComplete helps dealerships solve the issue of insurance coverage before a purchase is finalized, ultimately creating a new profit stream for dealers. The backing from major dealership groups validates the platform’s potential to become a key player in the automotive retailing ecosystem.