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
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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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.
Automates detection of vehicle damages from photos and generates reports.
Provides detailed vehicle condition assessments for business use.
People of Monk AI
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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.
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.
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Startups are accelerated and invested in across multiple tech sectors.
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B2B online auctions for car dealers' inventory are facilitated.
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Investor details for Monk AI
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Investments & Acquisitions by Monk AI
Investment portfolio details for Monk AI
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Financial Statements - Monk AI
Detailed financials for Monk AI
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Monk Ai Comparisons
Peer comparison for Monk AI
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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.
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Provides cloud-based fleet management software solutions.
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Risk intelligence solutions are provided for road safety and climate impact.
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Automotive insurance services are offered via an online platform.
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Telematics services for insurance, fleet management, and automotive industries.
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Transforms complex data into analytics for insurers and automotive businesses worldwide.
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Detailed competitors of Monk AI
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Latest news on Monk Ai
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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.
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.