RAVIN.AI Overview
Ravin AI offers a digital vehicle inspection system that transforms mobile phones or CCTV cameras into advanced vehicle inspection tools. Their technology, powered by deep learning and computer vision, can detect vehicle damage and generate detailed condition reports. This system aims to facilitate faster transactions for various automotive needs, such as rentals, insurance claims, and remarketing
Cumulative Funding Raised Over Time ($)
$200KJun 2020
$5.2MJun 2022
$20.2MMar 2021
$24.2MMay 2019
Latest News
Neutral
Ravin AI obtains Japanese patent for revolutionary DeepDetect™ car inspection technology | OurCrowd
The article is a general disclaimer from the investment platform, ourcrowd. It states that nothing on their website should be considered as an offer to sell, buy, or a recommendation for any security by ourcrowd or any third party. The responsibility of determining whether any investment, investment strategy, security or related transaction is appropriate is solely on the user, based on their personal investment objectives, financial circumstances and risk tolerance. The company advises its users to consult with licensed legal professionals and investment advisors for any legal, tax, insurance, or investment advice.
growth-positive
Ravin AI Secures U.S. Patent for Pioneering Car Inspection DeepDetect™ Solution
Ravin AI, an AI-driven vehicle inspection tool provider, has been granted a U.S. patent for its car inspection solution, DeepDetect™. The technology uses stationary and mobile cameras along with advanced deep learning AI algorithms to enhance the accuracy of vehicle reports. The solution has been implemented in various sectors including used car dealerships, auctions, fleet management, car rental, insurance companies, and repair shops. The company, founded in 2018, has raised $30M from investors including KAR Global, PICO Venture Partners, FM Capital, and Shell Ventures.
CustomersInvestment
growth-positive
Ravin partners with Haifa Port for its AI-based visual inspection tools for new vehicles | CTech
Ravin AI, an Israeli company that provides AI-powered visual inspection tools, has announced a partnership with Haifa Port, Israels largest port. The partnership will see Ravins technology implemented to inspect new vehicles entering Israel and identify any damage done during transport, offloading, and storage. The technology will alert port staff of any damages in real-time and help maintain control over the condition of vehicles from the moment they arrive until they are shipped. Ravins technology has already been implemented by companies such as Toyota, Hertz, and KAR Global.
PartnersCustomers
Growth-Positive
Hertz and Ravin AI Partner on AI-powered Vehicle Inspection Pilot
Ravin AI, a company specializing in AI-powered visual inspections for vehicles, is piloting its technology with Hertz in Sweden and Norway. The partnership aims to improve inspection efficiency, objectivity, and standardization across Hertzs operations, enhancing customer experience. Ravin AIs technology generates a condition report in seconds, offering a more reliable assessment than manual inspections. The AI tool uses mobile phone cameras and CCTV footage to create a 360 scan of a vehicle, using deep learning algorithms and car model data to evaluate its condition.
PartnersCustomers
Growth-Positive
RAVIN.AI have expended their partnership with Buggy TLC, a Buggy TLC, a division of Voyager Global Mobility, the TLC auto operator, which supplies cars to Uber, Lyft and, taxi drivers - Insurtech Israel News
RAVIN.AI has announced the expansion of their partnership with Buggy TLC, a division of Voyager Global Mobility. This extended partnership will allow Buggy TLC to conduct more scans and inspections in less time, enabling the company to continue to scale. This will support operations in Mexico and additional cities in the US, while also offering its driver’s insurance plans.
PartnersExpand
| Sector | Automotive & Mobility Technologies |
Funding
| Total funding | $24.2M |
| Last funding | $5M |
| Stage | A |
| Rounds | 4 |
| Investors | 7 |
Team Members
6
Employees: 11-50
Web & Social Links
| Website | www.ravin.ai |
| Careers | Careers page |
Locations
Khayat St, Haifa, Israel
Domain Blvd, Austin, TX 78758, USA
40 Bank Street, London E14 5AB, UK
Photos & Videos
2 item(s)
RAVIN.AI Business
Business models
B2B, B2B2C
Product stage
Released
Employees
11-50
Sector
Fintech & InsurtechInsurtechAutomotive & Mobility TechnologiesLogistics & Transportation ManagementTarget Customer
Transportation & LogisticsTransportation InfrastructurePorts & HarborsConsumersTransportation & MobilityDriversCar OwnersFinancial ServicesFinancial ProductsInsuranceCore Technology
Artificial IntelligenceComputer VisionDeep LearningPlatforms & InterfacesMobileTags (14)
auto-insurancevisual-inspectionsdkinsurance-companiesdeep-learninginsurtechbig-data-analyticscomputer-visionautomotivefleet-managementdata-analyticsartificial-intelligencemobile-applicationssmart-mobilityGeographic Markets
EuropeNorth AmericaRAVIN.AI Financials
$24.2M
Total funding
Undisclosed
Capital raised
$5M
Last funding
A
Funding stage
4
Total rounds
7
Investors
Cumulative Funding Raised Over Time ($)
$200KJun 2020
$5.2MJun 2022
$20.2MMar 2021
$24.2MMay 2019
Private Equity Funding
A Round
Jun 2022
$5M
OurCrowd
A Round
Mar 2021
$15M
PICO Venture Partners, FM Capital, KAR Global
Seed
Jun 2020
$200K
OurCrowd
Seed
May 2019
$4M
PICO Venture Partners (Lead)
,
Shell Ventures, Fraser McCombs Capital, Adam Draizin
RAVIN.AI Lifecycle
Cumulative Funding Raised Over Time
$200KJun 2020
$5.2MJun 2022
$20.2MMar 2021
$24.2MMay 2019
All Events
A Round
Jun 2022
$5M
OurCrowd
A Round
Mar 2021
$15M
PICO Venture Partners, FM Capital, KAR Global
Seed
Jun 2020
$200K
OurCrowd
Seed
May 2019
$4M
PICO Venture Partners (Lead)
,
Shell Ventures, Fraser McCombs Capital, Adam Draizin
RAVIN.AI News
12 articles
Neutral
Ravin AI obtains Japanese patent for revolutionary DeepDetect™ car inspection technology | OurCrowd
The article is a general disclaimer from the investment platform, ourcrowd. It states that nothing on their website should be considered as an offer to sell, buy, or a recommendation for any security by ourcrowd or any third party. The responsibility of determining whether any investment, investment strategy, security or related transaction is appropriate is solely on the user, based on their personal investment objectives, financial circumstances and risk tolerance. The company advises its users to consult with licensed legal professionals and investment advisors for any legal, tax, insurance, or investment advice.
growth-positive
Ravin AI Secures U.S. Patent for Pioneering Car Inspection DeepDetect™ Solution
Ravin AI, an AI-driven vehicle inspection tool provider, has been granted a U.S. patent for its car inspection solution, DeepDetect™. The technology uses stationary and mobile cameras along with advanced deep learning AI algorithms to enhance the accuracy of vehicle reports. The solution has been implemented in various sectors including used car dealerships, auctions, fleet management, car rental, insurance companies, and repair shops. The company, founded in 2018, has raised $30M from investors including KAR Global, PICO Venture Partners, FM Capital, and Shell Ventures.
CustomersInvestment
growth-positive
Ravin partners with Haifa Port for its AI-based visual inspection tools for new vehicles | CTech
Ravin AI, an Israeli company that provides AI-powered visual inspection tools, has announced a partnership with Haifa Port, Israels largest port. The partnership will see Ravins technology implemented to inspect new vehicles entering Israel and identify any damage done during transport, offloading, and storage. The technology will alert port staff of any damages in real-time and help maintain control over the condition of vehicles from the moment they arrive until they are shipped. Ravins technology has already been implemented by companies such as Toyota, Hertz, and KAR Global.
PartnersCustomers
Growth-Positive
Hertz and Ravin AI Partner on AI-powered Vehicle Inspection Pilot
Ravin AI, a company specializing in AI-powered visual inspections for vehicles, is piloting its technology with Hertz in Sweden and Norway. The partnership aims to improve inspection efficiency, objectivity, and standardization across Hertzs operations, enhancing customer experience. Ravin AIs technology generates a condition report in seconds, offering a more reliable assessment than manual inspections. The AI tool uses mobile phone cameras and CCTV footage to create a 360 scan of a vehicle, using deep learning algorithms and car model data to evaluate its condition.
PartnersCustomers
Growth-Positive
RAVIN.AI have expended their partnership with Buggy TLC, a Buggy TLC, a division of Voyager Global Mobility, the TLC auto operator, which supplies cars to Uber, Lyft and, taxi drivers - Insurtech Israel News
RAVIN.AI has announced the expansion of their partnership with Buggy TLC, a division of Voyager Global Mobility. This extended partnership will allow Buggy TLC to conduct more scans and inspections in less time, enabling the company to continue to scale. This will support operations in Mexico and additional cities in the US, while also offering its driver’s insurance plans.
PartnersExpand
growth-positive
https://www.jpost.com/business-and-innovation/tech-and-start-ups/article-710243
Ravin AI, a developer of automated artificial intelligence technology for vehicle inspections, has patented a new system in Europe that assesses damage to vehicles. The Vehicle Damage-Finder Stationary Modeling System captures a car’s image to provide a comprehensive damage report by cross-referencing the vehicle with its computerized model. The technology has been implemented in various European locations, including London Heathrow airport in partnership with Avis Car Rental. Ravin AI has raised $25 million to date from investors including KAR Global, PICO Venture Partners, FM Capital, and Shell Ventures.
CustomersPartnersInvestment
https://www.hayadan.org.il/%D7%94%D7%91%D7%99%D7%A0%D7%94-%D7%94%D7%9E%D7%9C%D7%90%D7%9B%D7%95%D7%AA%D7%99%D7%AA-%D7%A9%D7%AA%D7%A1%D7%99%D7%A8-%D7%90%D7%AA-%D7%94%D7%A1%D7%A4%D7%A7%D7%95%D7%AA-%D7%9C%D7%92%D7%91%D7%99-%D7%9E
growth-positive
Ravin AI Launches 'Inspect Trade' Bringing Advanced Digital Vehicle Inspection to Car Dealerships
Ravin AI, a leader in AI-enabled vehicle inspection tools, has launched a new inspection app called Inspect Trade. The app helps car dealers generate consistent condition reports and instantly grade and price cars. The tool uses computer vision and deep learning AI to provide a 360-degree view of cars, helping dealers estimate the impact of damage on a vehicles value and communicate that accurately to customers. The app is an extension of Ravins product offering, Ravin Inspect, which is used by global clients such as Toyota and KAR Global.
CustomersPartnersInvestment
growth-positive
Ravin AI מגייסת עובדים לפיתוח פלטפורמה לאיתור נזקים ברכב -
Ravin AI, an Israeli-British start-up that uses artificial intelligence for vehicle inspections, is recruiting software engineers, algorithm developers, and DevOps personnel. The company, which was established in 2018, aims to streamline vehicle inspections wherever vehicles change hands, using breakthrough AI technology. In Q1 2021, the company raised $15 million in a Series A round led by KAR Global, with participation from existing investors including Israeli PICO Venture Partners and American FM Capital. The company is currently recruiting employees for its office in Haifa to support its growth in Israel and worldwide.
InvestmentExpand
growth-positive
Menora Mivtachim and Ravin AI have partnered to test remote damage assessment technology - Insurtech Israel News
Ravin AI, a company specializing in AI-based vehicle testing tools, has announced a partnership with Menora Mivtachim Insurance Company. The collaboration will explore the use of Ravins technology to analyze vehicle damage based on images. This technology will allow policyholders to submit car claims and receive damage estimates instantly and automatically. The technology also simplifies the claims process and allows the insured to file a claim independently through their mobile phone. The partnership aims to enhance the customer experience and improve customer satisfaction.
PartnersCustomers
growth-positive
KAR Global leads $15 million series A funding in Ravin AI
Israeli startup Ravin AI, a provider of AI solutions for vehicle inspections, has raised $15 million in a series A round led by KAR Global. The round also saw participation from existing investors PICO Venture Partners and FM Capital. The funds will be used for product development, expansion of the company’s R&D center in Haifa, and to double the number of employees by the end of 2021. KAR Global will also integrate Ravin’s technology to support vehicle inspection solutions across its North American operations.
InvestmentExpand
growth-positive
Ravin.ai raises $4M to use computer vision for vehicle damage inspections
Ravin.ai, an AI startup that autonomously inspects vehicles for damage, has raised $4 million in a seed round led by Pico Venture Partners, with participation from Shell Ventures and automotive entrepreneur Adam Draizin. The company uses computer vision and deep learning to detect and analyse vehicle damage via standard cameras. Initially targeting car rental companies, Ravin also plans to expand into the shared mobility space and used car marketplaces. The funding will be used to further develop its technology products and expand its commercial reach across North America, Europe and Asia.
InvestmentPartners
RAVIN.AI Team
Employee Info
| Employees (range) | 11-50 |
| Exact count | 47 |
| Team members | 6 |
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RAVIN.AI Internal
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Admin Info
| Confidence | 100/100 |
| Missing | markets |
| BI Verification | Yanina Wainscheinker |
| Registrar ID | 515942068 |
| Crunchbase | ravin |
| Creator | Eliron Ekstein |
| Creator email | eliron.e@gmail.com |
| Last updater | Maor Perlov |
| Updater email | maor.perlov@sncentral.org |
| Last update | 2024-02-07T00:00:00.000Z |
| Created | 2019-04-30T00:00:00.000Z |
| Claimed | Yes |