About Monk AI
Monk AI is a Financial Services company based in Paris (France) founded in 2019 by Fays Slaoui and Abou Laraki, and was acquired by ACV Auctions in March 2022. It operates as an AI-powered SaaS solutions for vehicle inspections are offered. It operates in the Financial Services and Transportation, Automotive & Logistics sectors. Monk AI has raised $2.39 million across 1 funding round from investors including ACV Auctions, Plug and Play Tech Center and IRIS. Its chief executive is Abou Laraki. Monk AI offers products and services including Vehicle Inspection Tool and Condition Report Service. Its focus areas include Auto Tech, Auto IT, Diversified and Vehicle Inspection. Its competitors include Webfleet, Greater Than, DirectAsia, Omoove and Axon Telematics.
Company details
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.
- Headquarters Paris, France
- Founders Fays Slaoui, Abou Laraki
- Stage Acquired
- SectorsFinancial ServicesTransportation, Automotive & Logistics
- Website monk.ai
- Social LinkedIn X
- Acquired by ACV Auctions (Mar 2022)
- Total Equity Funding$2.39M (USD)
in 1 rounds
- Latest Funding Round$2.39M (USD), Seed
Jun 2020
- InvestorsACV Auctions
& 5 more
- Acquired byACV Auctions
(Mar 2022)
Products & Services of Monk AI
Monk AI offers a comprehensive portfolio of products and services, including Vehicle Inspection Tool and Condition Report Service.
Automates detection of vehicle damages from photos and generates reports.
Provides detailed vehicle condition assessments for business use.
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 $2.39M
- Total Rounds 1
- Last Round Seed — $2.39M
- First Round $2.39M
(Jun 2020)
- Investors Count 5
All 1 funding rounds of Monk AI with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2020 | $2.39M | Seed | – | IRIS |
6 investors in total: 3 institutional and 3 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
A venture capital firm focused on tech investments is operated. | – | iris.vc | Paris, France | |
Startups are accelerated and invested in across multiple tech sectors. | 2006 | plugandplaytechcenter.com | Sunnyvale, United States | |
B2B online auctions for car dealers' inventory are facilitated. | 2014 | acvauctions.com | Buffalo, United States | |
PS Patrick Sayer | Indian angel investor, active in tech startups, based in India. | – | unknown_3bbaa69e010440dc9 | - |
YY Yannis Yahiaoui | Angel investor and advisor, focused on Indian startups, ex-entrepreneur. | – | unknown_284019c03ee84284a | - |
AW Arthur Waller | Co-founder of Razorpay, angel investor in Indian startups | – | unknown_4b6b110c50be48cfb | - |
Investor details for Monk AI
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Monk AI
21 people are tracked at Monk AI (7 in leadership, 14 in team).
| Name | Role | Group |
|---|---|---|
Fays Slaoui | Co-Founder & CTO | Leadership |
Abou Laraki | Co-Founder & CEO | Leadership |
Raphaël Bonaque | VP Of Engineering | Leadership |
Stan Miquel | VP Ops & Sales | Leadership |
Oscar Boré | Chief Innovation Officer, Rent A Car | Leadership |
Driss Ibenmansour | General Manager At Bird France | Leadership |
Fayçal Slaoui | Co-founder & CTO | Leadership |
Ruben Scherman | Deep Learning Researcher | Team |
Jérémy Rousseau | AI Scientist | Team |
Ramy Ragab | Cloud & Devops Manager | Team |
Youssef Adarrab | Software Engineer - Backend | Team |
Antoine Nardone | Business Manager | Team |
Robin Vogel | R&d Manager | Team |
Alexandre Gué | Devops Engineer | Team |
Ramzi Ben Hariz | AI Scientist | Team |
Shadia Ramsahye | Product Owner | Team |
Tianyi Li | Backend Engineer Data And Deep Learning Services | Team |
Sheng Fang | Machine Learning Lead | Team |
Mathis Chenuet | R&d Team Lead | Team |
Channing Platevoet | AI Scientist | Team |
1 more people are available in the full profile.
Complete people profiles for Monk AI
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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- Board tenure
- Professional contacts
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Timeline of Monk AI
3 dated milestones of Monk AI across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Monk AI is founded.
- Funding First funding round of $2.4M.
- Exit Acquired by ACV Auctions.
Competitors of Monk AI
Monk AI has 5 listed competitors in our database. They include Webfleet, Greater Than, DirectAsia, Omoove and Axon Telematics, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| webfleet.com | 1991 | Amsterdam, Netherlands | – | – | Provides cloud-based fleet management software solutions. | |
| greaterthan.eu | 2004 | Stockholm, Sweden | – | – | Risk intelligence solutions are provided for road safety and climate impact. | |
| directasia.com | 2010 | Singapore | – | – | Automotive insurance services are offered via an online platform. | |
| omoove.com | 2001 | Rome, Italy | – | – | Telematics services for insurance, fleet management, and automotive industries. | |
| axontelematics.com | 2016 | Hackney, United Kingdom | – | – | Transforms complex data into analytics for insurers and automotive businesses worldwide. |
Detailed competitors of Monk AI
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Monk AI
The website of Monk AI (monk.ai) receives about 8.2K visits a month.
- Monthly visits8.2K
▼ 28.9% vs previous month
Websites whose visitors overlap most with Monk AI. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| musashiai.com | 100% | – | – | View details | |
| focalx.ai | 87% | 24.2K | #1,191,133 | View details | |
| qii.ai | 84% | 1K | #13,819,578 | View details |
Top companies in Insurance Technology & Support Services
10 companies that operate in the same segment as Monk AI (Insurance Technology & Support Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
Auto insurance is delivered via app to individual drivers. | 2017 | London, England, United Kingdom | USD 161.3 M | USD 369.88 M | 625 | |
Cloud-based platform for property and casualty insurance is provided. | 2001 | San Mateo, California, United States | – | USD 1.48 B | 226 | |
Claims administration, loss adjusting, and benefits management services are provided. | 1969 | Memphis, Tennessee, United States | USD 2.63 M | – | – | |
Online property and casualty insurance is provided for businesses. | 2017 | San Francisco, California, United States | USD 800 M | – | 699 | |
Satellite-based imaging solutions are provided using synthetic aperture radar. | 2016 | Palo Alto, California, United States | USD 233.99 M | – | 191 | |
API-enabled insurance distribution platform is provided for B2C companies. | 2011 | Noida, Uttar Pradesh, India | USD 120.6 M | – | – | |
AI and microsatellite-based imaging solutions are developed for data monitoring. | 2014 | Espoo, Uusimaa, Finland | USD 1.25 B | USD 111.51 M | 1,156 | |
Software suite for insurance distribution and management is provided. | 2014 | New York, New York, United States | USD 354.55 M | USD 21.6 K | 649 | |
AI-enabled driver monitoring and fleet safety management solutions | 2015 | Palo Alto, California, United States | USD 215 M | – | 109 |
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Frequently Asked Questions about Monk AI
Monk AI was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Monk AI is headquartered in Paris, France.
Abou Laraki is the current CEO of Monk AI. They have also founded this 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 2020.
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.
Monk AI's top competitors include Greater Than, DirectAsia and Webfleet.
Monk AI offers Vehicle Inspection Tool and Condition Report Service.
Monk AI has 6 investors. Key investors include ACV Auctions, Plug and Play Tech Center, IRIS, Patrick Sayer, and Yannis Yahiaoui.
Yes. Monk AI was acquired by ACV Auctions in March 2022.