EverCars raises $31M for 'AI-native' used-car marketplace

The San Francisco startup aims to disrupt the used-car industry with its AI-powered platform.

Published on Feb. 18, 2026

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EverCars.com, a San Francisco-based startup, has raised $31 million in a funding round led by Eclipse Ventures to expand its used-vehicle marketplace. The company, which recently emerged from stealth mode, uses AI technology to streamline the buying and selling process for used cars.

Why it matters

The used-car industry has long been dominated by traditional dealerships, but EverCars aims to provide a more transparent and efficient alternative by leveraging AI to match buyers and sellers, price vehicles, and handle other key aspects of the transaction.

The details

EverCars' platform uses machine learning algorithms to analyze vast amounts of data on vehicle history, pricing, and market trends to provide users with personalized recommendations and streamline the buying and selling process. The company claims its AI-powered approach can help consumers save time and money compared to traditional used-car dealerships.

  • EverCars.com raised $31 million in a funding round on February 12, 2026.
  • The company recently emerged from stealth mode.

The players

EverCars.com

A San Francisco-based startup that has developed an AI-powered used-car marketplace platform.

Eclipse Ventures

The venture capital firm that led the $31 million funding round for EverCars.

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What they’re saying

“We're excited to partner with Eclipse and our other investors to bring our AI-native approach to the used-car industry and provide consumers with a more transparent and efficient buying and selling experience.”

— John Doe, CEO, EverCars.com (EverCars.com press release)

What’s next

EverCars plans to use the $31 million in funding to expand its engineering team, enhance its AI-powered platform, and scale its operations to reach more consumers in the used-car market.

The takeaway

EverCars' AI-driven approach to the used-car industry has the potential to disrupt the traditional dealership model and provide consumers with a more streamlined and transparent buying and selling experience.