Ravin AI is one of only seven companies selected in the prestigious AI category
Tel Aviv, Israel - November 17, 2022 - Ravin AI, leader in AI-enabled vehicle inspection tools, today announced it was named one of TIME’s Best Inventions of 2022. Ravin AI was chosen in the AI category and is one of 200 innovations selected in 27 different categories.
To compile the list, TIME solicited nominations from TIME’s editors and correspondents around the world, and through an online application process, paying special attention to growing fields—such as the electric vehicle industry, green energy, and the metaverse. TIME then evaluated each contender on a number of key factors, including originality, efficacy, ambition, and impact.
Ravin AI has developed an AI-enabled inspection app that enables anyone to capture the condition of a vehicle accurately. It leverages advanced computer vision and deep learning to analyze car damage and generate a 360-degree condition report or repair estimate. This technology can be applied to many use cases including, insurance claims, car rentals, fleet management, etc.
“We are thrilled to be included in TIME’s list of the Best Inventions of 2022 which is a prestigious recognition of the industry-leading technology we have developed at Ravin AI,” said Eliron Ekstein, co-founder and CEO of Ravin AI. “To beat out thousands of other candidates for a spot in the AI category is truly an honor and we look forward to continuing to provide our customers with the very best vehicle inspection technology on the market today.”
Of the new list, TIME’s editors write: “The result is a list of 200 groundbreaking inventions (and 50 special mention inventions)—including life-mapping artificial intelligence, diamonds made from excess carbon in the air, and the most powerful telescope ever—that are changing how we live, work, play, and think about what’s possible.”
See the full list here: time.com/best-inventions-2022
About Ravin AI
Ravin AI is an international provider of automated artificial intelligence solutions for vehicle inspections serving diverse fleet, insurance, and remarketing customers around the world. Unlike other marketplace solutions, Ravin does not require its customers to purchase or install dedicated hardware but rather uses mobile and CCTV cameras. Ravin AI was founded in 2018 by Eliron Ekstein and Roman Sandler, and has raised $30M to date from investors including KAR Global (owner of ADESA auctions, AutoVIN inspection and more), PICO Venture Partners, FM Capital, and Shell Ventures. Strategic partners include Toyota Financial. For more information, visit Ravin.ai.