About DriveX
DriveX is a company based in Tallinn (Estonia) founded in 2019 by Valter Lall, Rauno Sigur, and Kentti Koppel.. DriveX has raised $2.48 million across 4 funding rounds from investors including Plug and Play Tech Center, EIS Estonia and Startup Wise Guys. The company has 8 employees as of September 30, 2024. DriveX offers products and services including AI Inspection Software, Windshield Claims Tool, and CASCO Pre-Check Service. DriveX operates in a competitive market with competitors including Webfleet, Inzmo, Plottera, Omoove and Axon Telematics, among others.
- Headquarter Tallinn, Estonia
- Employees 8 as on 30 Sep, 2024
- Founders Valter Lall, Rauno Sigur, Kentti Koppel
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Sectors
Financial ServicesTransportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Drivex Technologies Oü
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.48 M (USD)
in 4 rounds
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Latest Funding Round
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Investors
Plug and Play Tech Center
& 18 more
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Employee Count
8
as on Sep 30, 2024
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Products & Services of DriveX
DriveX offers a comprehensive portfolio of products and services, including AI Inspection Software, Windshield Claims Tool, and CASCO Pre-Check Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software for remote AI-guided photo capture and damage assessment.
Tool for automated windshield damage analysis and repair suggestions.
Service for AI-evaluated vehicle photos to finalize policies quickly.
Funding Insights of DriveX
DriveX has successfully raised a total of $2.48M across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Last Round
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First Round
First Round
(06 Dec 2020)
- Investors Count 19
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2025 | Amount | Seed - DriveX | Valuation | Carglass Limited |
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| Feb, 2025 | Amount | Grant - DriveX | Valuation |
investors |
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| Apr, 2022 | Amount | Seed - DriveX | Valuation | DEPO Ventures , Plug and Play Tech Center |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in DriveX
DriveX has secured backing from 19 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Plug and Play Tech Center, EIS Estonia and Startup Wise Guys. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment group focused on technology startups in CEE region.
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Founded Year | Domain | Location | |
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Startups are accelerated and invested in across multiple tech sectors.
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Founded Year | Domain | Location | |
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Venture capital and startup accelerator focused on B2B and SaaS companies
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by DriveX
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - DriveX
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Drivex Comparisons
Competitors of DriveX
DriveX operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Webfleet, Inzmo, Plottera, Omoove and Axon Telematics, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provides cloud-based fleet management software solutions.
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| domain | founded_year | HQ Location |
Online platform providing insurance services
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| domain | founded_year | HQ Location |
Provides cloud-driven telematics-based software for fleet management.
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| domain | founded_year | HQ Location |
Telematics services for insurance, fleet management, and automotive industries.
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| domain | founded_year | HQ Location |
Transforms complex data into analytics for insurers and automotive businesses worldwide.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Drivex
Frequently Asked Questions about DriveX
When was DriveX founded?
DriveX was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is DriveX located?
DriveX is headquartered in Tallinn, Estonia.
Who is the current CEO of DriveX?
Rauno Sigur is the current CEO of DriveX. They have also founded this company.
Is DriveX a funded company?
DriveX is a funded company, having raised a total of $2.48M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on Dec 06, 2020.
How many employees does DriveX have?
As of Sep 30, 2024, the latest employee count at DriveX is 8.
What does DriveX do?
DriveX was founded in 2019 in Tallinn, Estonia, within the AI and automotive software sector. Vehicle inspection services are delivered through AI technology for rental companies, while car parks are managed to support detailed listings. Operations focus on enhancing inspection accuracy and data for fleet oversight across rental operations in Europe.
Who are the top competitors of DriveX?
What products or services does DriveX offer?
DriveX offers AI Inspection Software, Windshield Claims Tool, and CASCO Pre-Check Service.
Who are DriveX's investors?
DriveX has 19 investors. Key investors include Plug and Play Tech Center, EIS Estonia, Startup Wise Guys, Carglass®, and Depo Ventures.