About Monk AI
Monk AI is a company based in Paris (France) founded in 2019 by Fays Slaoui and Abou Laraki was acquired by ACV Auctions in March 2022.. Monk AI has raised $2.39 million across 1 funding round from investors including ACV Auctions, Plug and Play Tech Center and IRIS. Monk AI offers products and services including Vehicle Inspection Tool and Condition Report Service. Monk AI operates in a competitive market with competitors including Webfleet, Greater Than, DirectAsia, Omoove and Axon Telematics, among others.
- Headquarter Paris, France
- Founders Fays Slaoui, Abou Laraki
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Sectors
Financial ServicesTransportation, Automotive & Logistics
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.39 M (USD)
in 1 rounds
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Latest Funding Round
$2.39 M (USD), Seed
Jun 11, 2020
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Investors
ACV Auctions
& 5 more
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Employee Count
Employee Count
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Acquired by
ACV Auctions
(Mar 04, 2022)
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Products & Services of Monk AI
Monk AI offers a comprehensive portfolio of products and services, including Vehicle Inspection Tool and Condition Report 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.
Automates detection of vehicle damages from photos and generates reports.
Provides detailed vehicle condition assessments for business use.
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Funding Insights of Monk AI
Monk AI has successfully raised a total of $2.39M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.39 million completed in June 2020. 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 1
- Last Round Seed — $2.4M
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First Round
First Round
(11 Jun 2020)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2020 | Amount | Seed - Monk AI | Valuation | IRIS |
| 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 Monk AI
Monk AI has secured backing from 6 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include ACV Auctions, Plug and Play Tech Center and IRIS. 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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A venture capital firm focused on tech investments is operated.
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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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B2B online auctions for car dealers' inventory are facilitated.
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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 Monk AI
| 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 - Monk AI
| 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 |
Monk Ai Comparisons
Competitors of Monk AI
Monk AI 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, Greater Than, DirectAsia, 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 |
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| domain | founded_year | HQ Location |
Provides cloud-based fleet management software solutions.
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| domain | founded_year | HQ Location |
Risk intelligence solutions are provided for road safety and climate impact.
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| domain | founded_year | HQ Location |
Automotive insurance services are offered via an online platform.
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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 |
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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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Latest news on Monk Ai
Frequently Asked Questions about Monk AI
When was Monk AI founded?
Monk AI was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Monk AI located?
Monk AI is headquartered in Paris, France.
Who is the current CEO of Monk AI?
Abou Laraki is the current CEO of Monk AI. They have also founded this company.
Is Monk AI a funded company?
Monk AI is a funded company, having raised a total of $2.39M across 1 funding round to date. The company's 1st funding round was a Seed of $2.39M, raised on Jun 11, 2020.
What does Monk AI do?
Founded in 2019 and based in Paris, France, Monk AI operates in the automotive technology sector. AI-driven and SaaS-based platforms are utilized to deliver vehicle inspection tools and automated condition reports. Processes are streamlined through time tracking, while collision damage estimates are accessed. Inspections are conducted under varying conditions including weather, lighting, angles, and distances, supporting efficient vehicle assessments for users.
Who are the top competitors of Monk AI?
Monk AI's top competitors include Greater Than, DirectAsia and Webfleet.
What products or services does Monk AI offer?
Monk AI offers Vehicle Inspection Tool and Condition Report Service.
Who are Monk AI's investors?
Monk AI has 6 investors. Key investors include ACV Auctions, Plug and Play Tech Center, IRIS, Patrick Sayer, and Yannis Yahiaoui.
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