A French company raised 265.438 billion euros to develop artificial intelligence technology that uses photos and videos to identify car damage.

Geshi Auto News? According to foreign media reports, French startup Monk said that it successfully raised 265.438 million euros (about RMB168.3899 million yuan) in the seed round financing, which was funded by Iris? Capital leading vote, plug? And then what? Playing with Patrick? Sayer、Yannis？ Yaxia and Arthur? Waller and other important business angels are involved. Monk mainly develops inspection and detection system based on artificial intelligence (AI) technology to identify automobile damage.

(Source: Monk)

Paris-based Monk will use the raised funds for R&D projects, recruit new team members (especially data scientists) and expand its business in Europe.

Aboubakr, CEO and co-founder of Monk? Laraki said: "Monk's mission is to transform the mobile travel/insurance market by enhancing trust and efficiency when cars change hands. We have established a hardware-free detection system based on artificial intelligence, which can instantly evaluate the condition of any vehicle through photos or videos. "

Monk by CEO Aboubakr？ Laraki and Chief Technology Officer Fay? Al. Slaoui was founded on 20 19, and its solution is based on a breakthrough AI technology, which can rely on photos taken by users, lessees and/or drivers to detect the damage of vehicles, and the price of this solution is only a fraction of the price of traditional solutions.

In addition, the company also cooperates with Getaround, the leader of P2P car rental market, to provide them with information on car damage claims, which is of epoch-making significance compared with the current solutions in the industry.

At the same time, Monk also gathered a group of world-class AI experts and mentors, such as Jakubowicz (with Aboubakr? Laraki works as an AI teacher at the Paris Polytechnic University, or vice president of data or Rapha of the French e-commerce platform ManoMano? l？ Bohnacker (once with the AI ? ? big coffee Joshua? Bengio trained together).

After proving the efficiency of R&D achievements, Monk began to operate in Paris on September 20 19, and persuaded some automobile logistics and leasing industries and European first-class automobile manufacturers (the partnership will be announced later this year) to cooperate with it. It is expected that the company's solution will enable the insurance industry to optimize the underwriting and claims process more efficiently and quickly, thus saving a lot of money for insurance companies and improving customer satisfaction.

This article comes from car home, the author of the car manufacturer, and does not represent car home's position.