/PRNewswire/ Ravin AI, leaders in developing AI-enabled vehicle inspection tools, today announced the launch of Inspect Trade , a new inspection app that.
Israeli vehicle inspection AI co Ravin raises $15m
The Haifa-based company provides solutions for fleet maintenance, insurance claims, leasing, logistics and dealer aftersales.
Israeli vehicle inspection AI company Ravin.AI today announced the completion of its $15 million Series A financing round of led by KAR Global with the participation of existing investors PICO Venture Partners and FM Capital.
This latest financing round brings to $25 million the amount raised by Ravin. Other investors in the company include Shell Ventures, the investment arm of Royal Dutch Shell, and former General Motors CEO, Rick Wagoner. The latest financing round will be used for product development, expansion of the company’s R&D center in Haifa and doubling the number of employees by the end of 2021.