autoniq provides a cloud‑native platform that consolidates inventory, pricing guides, and historical bid data from over 500 auction sources into a searchable interface with real‑time price updates via low‑latency APIs. The solution includes a mobile VIN scanner, advanced faceted search, and collaborative workspaces that let dealers create shared wishlists and export book‑sheets for auction bidding.
Funding
$10M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Auto dealers and wholesale buyers often rely on fragmented data sources and manual lookup processes to assess vehicle values and bid histories during fast‑paced auction events. This lack of real‑time, consolidated market intelligence leads to delayed decisions, pricing errors, and reduced competitiveness in both physical and online simulcast sales.
Solution
autoniq delivers a cloud‑native platform that aggregates inventory, pricing guides, and historical bid data from more than 500 physical and online auction feeds into a single, searchable interface. Real‑time price updates are streamed via low‑latency APIs, keeping users synchronized with the rapid cadence of simulcast auctions. The built‑in VIN scanner leverages barcode and QR‑code recognition to pull vehicle details instantly on the lot or at the auction floor. Users can filter results by make, model, year, mileage, and other attributes, attach custom photos and notes, and organize selections into shared wishlists or printable book sheets. Team collaboration is enabled through linked accounts that synchronize lists, annotations, and evaluation metrics across dealership networks. All data exchanges are encrypted and comply with industry standards for secure automotive commerce.
Target Audience
The primary users are franchised and independent auto dealers, wholesale auction participants, and fleet managers who need instant, data‑driven insights to bid confidently in both physical and online vehicle auctions.
Features
- Data aggregation engine that normalizes listings from 500+ auction sources (ADESA, Manheim, OPENLANE, etc.) into a unified schema
- Low‑latency pricing API delivering real‑time market values and bid‑history analytics during simulcast sales
- Mobile VIN scanner with barcode/QR decoding and instant cloud lookup of vehicle specs and condition reports
- Advanced filtering and faceted search (make, model, trim, odometer, distance) powered by Elasticsearch‑based indexing
- Collaborative workspaces with role‑based access, shared wishlists, and synchronized notes across linked dealer accounts
- Exportable book‑sheet generator (PDF/CSV) for customer presentations and lender documentation
- Secure data pipeline with TLS encryption, audit logging, and compliance with automotive data‑privacy regulations