Auto prognostic startup Pitstop raises $1.5 mln in seed funding
Toronto-based automotive prognostic platform Pitstop has raised $1.5 million in a seed-stage financing. Ripple Ventures, a Canadian early-stage venture capital firm, led the round. It was joined by WorldQuant Ventures, Hike Ventures, OCE and Michael Castellarin, managing director of Clairvest Group. Founded in 2015 by CEO Shiva Bhardwaj, Pitstop provides a cloud-based platform that helps customers to understand and leverage the data available from their automotive assets. Along with the round, Pitstop announced a pilot test program with Germany's Continental AG to deliver connected car prognostics and remote vehicle diagnostics to the automotive aftermarket.
30 May 2019•4 mins read
