Stratos uses its experience and algorithms to provide software solutions to the automotive industry. The startup connects several data sources with its proprietary algorithms to build fast and digital processes. Among these data sources there are 9+ million car models worldwide, repair and claim processes from insurance companies, service, maintenance, tires rules and regulations from full-service leasing providers and repair and claim processes from insurance companies.
The company was founded in 2016. It started with the analysis of the potentials within the automotive market. The result was a proprietary calculation algorithm which generates multiple revenue streams.
Today, Stratos is a partner of workshops, dealers, insurances, importers, leasing and fleet providers to enhance software and processes where SMRT-calculations are needed. But what do these partnerships look like?
For example, Stratos provides a unique software to the leading full-service leasing and fleet management companies which enables them to completely automate verification and authorization of costs for service and maintenance. Moreover Stratos helps European garage chains to digitalize and automate the full workshop process from digital customer on-boarding to automated part ordering. With the Stratos SaaS-tools the workshop gets finally paperless.
Not to forget insurance companies spend plenty of resources on manual verification of damages and claims. Stratos uses a unique technology to analyse and predict claims, which enables insurers to automate claim-authorization up to 70%.
Given the big need for digitalization in this field and Stratos’ high potential technology we have invested in this startup again.