About Inspektlabs
Inspektlabs is a company based in New Castle (United States) founded in 2019 by Sanchit, Rekha Trivedi, and Devesh Trivedi.. Inspektlabs has raised $1.05 million across 4 funding rounds from investors including Barclays, Wellfound and First Cheque. The company has 1 employees as of March 30, 2024. Inspektlabs offers products and services including Damage Detection, Fraud Detection, Claim Assessment, and Photo and Video Capture. Inspektlabs operates in a competitive market with competitors including Chooch, Tractable, SenseTime, Nect and Shift Technology, among others.
- Headquarter New Castle, United States
- Employees 1 as on 30 Mar, 2024
- Founders Sanchit, Rekha Trivedi, Devesh Trivedi
- Stage Minicorn
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Sectors
TechnologyIndustrial Goods & Manufacturing Financial Services Transportation, Automotive & Logistics
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Email
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Phone
*********
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Website
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Social
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- Legal Name Inspektlabs India Private Limited
- Date of Incorporation 07 Dec, 2021
- Jurisdiction Delhi, Delhi, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.05 M (USD)
in 4 rounds
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Latest Funding Round
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Investors
Barclays
& 17 more
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Employee Count
1
as on Mar 30, 2024
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Products & Services of Inspektlabs
Inspektlabs offers a comprehensive portfolio of products and services, including Damage Detection, Fraud Detection, Claim Assessment, and Photo and Video Capture. 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.
Detects vehicle damages using AI from photos and videos.
Analyzes photos and videos for fraudulent claims.
Estimates claims based on AI damage analysis.
Captures high-quality media for vehicle inspections.
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Funding Insights of Inspektlabs
Inspektlabs has successfully raised a total of $1.05M 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
(26 Aug 2019)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2022 | Amount | Grant - Inspektlabs | Valuation |
investors |
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| Jun, 2020 | Amount | Seed - Inspektlabs | Valuation | Better Capital , Titan Capital | |
| Jan, 2020 | Amount | Seed - Inspektlabs | Valuation | Barclays |
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| 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 Inspektlabs
Inspektlabs has secured backing from 18 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Barclays, Wellfound and First Cheque. 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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Sector-agnostic acceleration is provided to startups through global programs.
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Founded Year | Domain | Location | |
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Early-stage companies are invested in by Better Capital.
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Founded Year | Domain | Location | |
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Investments are made in early-stage companies by Titan Capital.
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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 Inspektlabs
| 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 - Inspektlabs
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Inspektlabs Comparisons
Competitors of Inspektlabs
Inspektlabs 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 Chooch, Tractable, SenseTime, Nect and Shift Technology, 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 |
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| domain | founded_year | HQ Location |
Generative computer vision solutions are offered for video stream analysis.
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| domain | founded_year | HQ Location |
Provider of AI-based vehicle inspection solutions for insurers and the automotive industry
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| domain | founded_year | HQ Location |
AI based platform offering image recognition solutions
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| domain | founded_year | HQ Location |
Identity verification solutions with ID scans and validation are offered.
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| domain | founded_year | HQ Location |
Provider of AI solutions for insurance underwriting, claims, and risk
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| domain | founded_year | HQ Location |
Biometric authentication is provided via wearable wristband technology.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about Inspektlabs
When was Inspektlabs founded?
Inspektlabs was founded in 2019.
Where is Inspektlabs located?
Inspektlabs is headquartered in New Castle, United States. It is registered at New Castle, Pennsylvania, United States.
Who is the current CEO of Inspektlabs?
Devesh Trivedi is the current CEO of Inspektlabs. They have also founded this company.
Is Inspektlabs a funded company?
Inspektlabs is a funded company, having raised a total of $1.05M across 4 funding rounds to date.
How many employees does Inspektlabs have?
As of Mar 30, 2024, the latest employee count at Inspektlabs is 1.
What does Inspektlabs do?
Inspektlabs was founded in 2019 in New Castle, United States. An AI-driven solution for the automotive industry is provided through an API that automates car assessments and detects damages from photos and videos. Additional services include text detection, claim assessment, fraud detection, odometer reading, fuel reading, and value estimation, supporting operations in vehicle evaluation and insurance processes.
Who are the top competitors of Inspektlabs?
What products or services does Inspektlabs offer?
Inspektlabs offers Damage Detection, Fraud Detection, Claim Assessment, and Photo and Video Capture.
Who are Inspektlabs's investors?
Inspektlabs has 18 investors. Key investors include Barclays, Wellfound, First Cheque, K-Startup Grand Challenge, and Better Capital.
What is Inspektlabs's valuation?
The valuation of Inspektlabs is $1.98M as of Aug 2019.