Vast, a data platform to sell cars and houses, announced Monday it has received $14 million from Capital One Growth Ventures.
The Austin-based company, founded in 2005 in Silicon Valley, had not raised any money previously. It has created two main brands: CarStory for automotive and HomeStory for real estate. The company plans to use the money to expand its CarStory product and also to further develop its products for the real estate market, according to a news release. CarStory helps consumers discover and decide what car is right for them with artificial intelligence, data and analytics. The vehicle discovery platform now curates more than 3.5 million vehicles.
As part of the investment, Jaidev Shergill, managing partner of Capital One Growth Ventures, will join the Vast board of directors.
“What Vast is delivering to consumers with its CarStory product is very intriguing to us at Capital One,” Shergill said in a news release. “Consumers expect more information at their fingertips and for that data to be personalized and customized. Big data technologies enable this and Vast delivers it.”
“Big data for life’s biggest purchases, that’s what Vast is all about,” Vast CEO John Price said in a news release. “Our patented approach delivers critical discovery information, predicts alternatives and analyzes the local market to guide the purchase decision in service of the buyer.”
Silicon Hills News did this story on Vast last March.