Brazilian startup Cilia secures $21.8M venture round

Car Workshop

Cilia, a Brazilian startup focused on simplifying the work of car workshops, part suppliers, regulators, and insurers, secured a $21.8M venture round led by Cloud9 Capital and Mercadolibre.

The startup will use the funds for market development and expand its portfolio of solutions for the automotive industry.

“Our focus is to make use of the resources received to develop a robust market, which will connect all the players in this market, in addition to continue to penetrate the broad base of repair shops in Brazil,” said Cilia’s CEO, Daniel Barbosa.

Cilia uses IA to allow companies to perform claim evaluations, budget coordination, online quotation, customer and yard management and statistical reports in minutes.

“Cilia is already disrupting the sector from end to end and is now critical to the operation of insurance companies and repair shops. It is incredible that a company created so recently has acquired this market share, and nobody is better positioned than them to be the major infrastructure provider in the automotive sector,” said  Cloud9 Capital’s Partner, Felipe Affonso.

Read more on Tekios Magazine.

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