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Ravin Ai Secures Investment From Iag Firemark Ventures To Provide Ai-Powered Vehicle Inspection Solutions For Retail Customers & Commercial Fleets

PRIVATEMay 11, 2023

Round Type

Venture

Artificial IntelligenceAutomotiveMachine LearningInsurance

Investors

Firemark Ventures

Description

Ravin AI, a leader in deep learning vehicle inspection technology, secured today its first Australian Investment from Firemark Ventures, the corporate venture capital arm of IAG, the largest insurer in Australia and New Zealand.

Quick answer

Ravin AI raised an undisclosed amount in a funding round, dated May 11, 2023. Investors: Firemark Ventures.

How much did Ravin AI raise?
Ravin AI raised an undisclosed amount in a funding round on May 11, 2023.
Who invested in Ravin AI?
Firemark Ventures is named as investors in this round.
What does Ravin AI do?
Ravin AI is an international provider of automated artificial intelligence solutions for vehicle inspections serving diverse fleet, insurance, and remarketing customers around the world.
Where is Ravin AI based and how big is it?
Fundz records about 46 employees.
Who are the decision-makers at Ravin AI?
Fundz holds 1 contact at Ravin AI. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Automotive and Insurance around the same time

Companies in the same sectors as Ravin AI that raised within 45 days of this round, from Fundz verified event records.

  • Federato raised $25M on May 26, 2023.
  • STELLA™ Automotive AI raised $4M (Seed) on May 4, 2023.
  • Nsure.com raised an undisclosed amount (Corporate Round) on April 11, 2023.
  • Hagerty raised $105M (Funding Round) on June 23, 2023.
  • Cyware raised $28M on June 21, 2023.
  • Parrot AI raised $11M (Series A) on June 20, 2023.

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Company Information

Company

Ravin AI

Location

11801 Domain Blvd

About

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.

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