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home / news releases / ACVA - ACV acquires AI solutions company Monk SAS; terms undisclosed

ACVA - ACV acquires AI solutions company Monk SAS; terms undisclosed

ACV Auctions Inc.
Digital automotive marketplace ACV (NASDAQ:ACVA) has acquired AI solutions company, Monk SAS. Financial terms of the deal were not disclosed. Monk SAS is a AI-powered imaging and vehicle inspection platform that automates vehicle damage detection. The integration of Monk's software will expand ACV's data services. The acquisition is ACV's latest platform investment as the company continues to build and enhance its digital solutions portfolio. Last week, the company announced its acquisition of Drivably, a product that helps dealers appraise and source consumer-owned vehicles more effectively.

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ACV acquires AI solutions company Monk SAS; terms undisclosed
Stock Information
Company Name: ACV Auctions Inc.
Stock Symbol: ACVA
Market: NASDAQ
Website: acvauctions.com
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