Tech.eu

May 21, 2019 12:18 PM

By Andrii Degeler

Journalist and podcast host based in the Netherlands. Covering all things technology since 2007 for Tech.eu, Engadget, TNW, Ars Technica UK, the Kyiv Post, and more.

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Ravin.AI, a startup based in Haifa and London, has landed a $4 million funding round led by PICO Venture Partners, with participation from Shell Ventures and automotive entrepreneur Adam Draizin. The company plans to use the money to work on its product and expand to new markets across North America, Europe, and Asia.

Founded in 2018, Ravin provides computer vision-based inspection tools for car rental companies, insurance providers, car dealerships, etc. Being a software startup, it uses footage from off-the-shelf cameras, like CCTV devices and mobile phones, to create a full view of a vehicle and accurately detect damage.

Ravin claims that its technology “can be deployed quickly for new vehicle types using minimal training data” and “doesn’t rely on human users to operate the system or ask them to capture specific images, which may be biased and inaccurate.”

To read the article, click here.

Tech.eu

UK-Israeli startup Ravin raises $4 million to apply AI to vehicle inspections

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Who likes 5-course dinners? How covid has levelled the playing field for software startups

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Vehicle shortages beef up demand for shared mobility - but how to control accountability when cars swap hands multiple times a day?

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How Auto Insurers are Becoming Digitally Savvy through AI & Computer Vision

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