Ravin
Ravin AI inspects vehicle conditions using computer vision and AI, leveraging standard cameras such as mobile phones and CCTV-style cameras to scan for defects, analyse damage and create repair and remarketing appraisals.
The problem
Slow, manual inspection processes in vehicle rental locations, used car dealerships and for insurance companies, lead to inefficiency and cost.
Company's solution
Ravin provides virtual vehicle inspection tools powered by AI and computer vision to allow anyone to inspect the condition of their vehicles for remarketing, insurance claim, or rental. Car rental companies can enjoy over 25% higher recovered damage, insurance companies demonstrate savings of $1,000 per claim by removing need for travel and vehicle storage, and used car dealers secure higher conversion on trade-ins.
Funding status
$35M
Number of employees
70
Worth mentioning
British-Dutch energy giant Shell has made its first investment in an Israeli start-up, backing Ravin.AI, an artificial intelligence-powered vehicle condition inspection platform.
