6 years ago

Ravin.AI Raises $4 Million to Automate Vehicle Inspections

  • Ravin.AI, a London and Haifa-based startup, has raised $4 million in seed funding led by PICO Venture Partners, with participation from Shell Ventures and automotive entrepreneur Adam Draizin

  • Ravin uses AI to automate vehicle inspections, detecting and analyzing damage with standard cameras

  • The company plans to use the funding to expand its technology and commercial reach across North America, Europe, and Asia.

    • ProblemTechnology

      "Processing and overpaying for vehicle damages costs car owners and insurers billions of dollars annually, with much of the damage caused by others."

      Solution

      "Ravin provides an automated vehicle inspection platform using AI and computer vision to detect and analyze vehicle damage with standard cameras, reducing inspection costs and increasing transparency in damage assessment."

      Covered on