Prime Highlights
- Self Inspection raised $10 million to expand its AI-powered vehicle inspection platform.
- The company has completed more than one million vehicle inspections using smartphone-based technology.
Key Facts
- The company has completed more than one million vehicle inspections using smartphone-based technology.
- The platform uses AI to detect vehicle damage and generate repair cost estimates.
Background
Self Inspection, a San Diego-based startup that uses artificial intelligence for vehicle inspections, has raised $10 million in a funding round led by Sheryl Sandberg through Sandberg Bernthal Venture Partners. The startup is also backed by DVx Ventures, founded by former Tesla president Jon McNeill.
Self Inspection, a company founded in 2021, has created software that enables people to examine automobile damage using just a smartphone camera. The technology provides step-by-step guidance in taking photos along with utilizing AI technology for damage detection, cost estimation and generating an inspection report.
The company said it has completed more than one million vehicle inspections for rental fleets, automotive finance companies, auctions, and marketplaces. Stellantis’ financial services business uses the platform for corporate-owned vehicles and lease-end inspections.
The funding round also received investments from U.S. AutoForce, Costanoa Ventures, Rebellion Ventures, Westlake Financial, and BrightCap Ventures.
Self Inspection said its technology compares uploaded images with a large database of damaged vehicles to assess the type and severity of damage. The platform can also collect data from a vehicle’s OBD2 system to provide more detailed inspection reports.
According to the company, its platform has helped customers reduce costs by more than $80 million and save over 300,000 operational hours. The funds obtained will enable product development and help the company develop its customer base and presence in the European market.
It seeks to simplify car inspections through increased efficiency without requiring any special equipment.
