American Company OPENLANE Integrates Artificial Intelligence Technology from Israeli Company Click-Ins to Detect Car Damages
American company OPENLANE has partnered with Israeli company Click-Ins to adopt their artificial intelligence technology for detecting damages in cars. Click-Ins specializes in developing an AI-based solution for identifying and analyzing visual damages in vehicles. The collaboration between Click-Ins and OPENLANE allows the latter's customers to accurately assess the condition of the vehicle using Click-Ins' innovative technology.
OPENLANE is a wholesale used car sales company that operates in the United States and is traded on the NYSE (KAR). The integration of Click-Ins' technology enables quick scanning of the car through a smartphone camera, generating a detailed report about the car's condition. It's worth mentioning that Click-Ins' technology uses synthetic data and not OPENLANE customer data, ensuring immediate implementation of the solution.
After a successful pilot in Texas, which lasted for three months, OPENLANE decided to deploy the technology nationwide across the United States. This highlights the potential growth that the company can achieve by implementing this technological solution developed by Click-Ins.
The collaboration between OPENLANE and Click-Ins is a significant milestone for both companies. Eugene Greenberg, CEO of Click-Ins, expressed excitement about working with OPENLANE, one of the leading companies in the field of wholesale used car sales worldwide. Greenberg also mentioned the growth experienced by Click-Ins over the past year, including expanding their solution portfolio, establishing new connections with key customers like OPENLANE, and entering new markets.
Click-Ins has developed an AI-based automatic solution that assesses damages to vehicles based solely on images from any mobile device in real-time. This unique development benefits rental companies, insurers, and other companies in the automotive sector by automatically detecting, analyzing, processing, and accurately assessing external damages to vehicles without the need for specialized equipment or skilled human resources.
The company utilizes synthetic data produced by them to identify and analyze external damages to all types of vehicles. Founded in 2014 by Eugene Greenberg, Dimitri Geyzerski, Ronen Avrigil, and Zeev Hazan, Click-Ins has raised up to $13.5 million, solidifying its position as a leader in the field of car inspections using artificial intelligence.
Analyst comment
Positive news. The adoption of Click-Ins’ AI technology by OPENLANE allows for accurate assessment of vehicle damages, enhancing the company’s services in the field of wholesale used car sales. The successful pilot and nationwide deployment demonstrate the potential for significant growth. This strengthens Click-Ins’ position as a leader in the AI-based car inspection industry.
