Inspection AI technology startup Inspektlabs has raised $600,000 in a pre-Series A round led by Better Capital, Titan Capital — the investment office of Snapdeal founders Kunal Bahl and Rohit Bansal, and a cluster of angel investors.
Inspektlabs builds computer vision products for physical asset inspections using photos and videos. It is currently automating car inspections for global motor insurance and automotive players.
Founded by Devesh Trivedi (CEO) and Sanchit (CPO) in 2019, the #AI tech startup allows firms to perform damage assessment, claim estimation, asset valuation, and fraud detection of physical assets using photos or videos. Customers can capture a 360 degrees video of any asset (such as a car) using a smartphone, and within seconds, Inspektlabs’ #API reverts with an inspection report.
They are disrupting the current process of inspection, which is manual, slow, and ripe with fraud. The startup has so far inspected 100,000 cars in Japan, the UK, and India. Recently, Inspektlabs has launched a new inspection product to ensure hygiene within cars as well.
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[Funding alert] AI tech startup Inspektlabs raises $600,000 in pre-Series A funding from Better Capital, Titan Capital
Inspection AI technology startup Inspektlabs has raised $600,000 in a pre-Series A round led by Better Capital, Titan Capital - the investment office of Snapdeal founders Kunal Bahl and Rohit Bansal, and a cluster of angel investors.
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