AI Car Inspection: American Company OPENLANE Adopts Israeli AI Technology to Detect Car Damages
American company OPENLANE has announced its adoption of the artificial intelligence (AI) technology developed by Israeli company Click-Ins to detect damages in cars. OPENLANE, traded on the NYSE (KAR), specializes in wholesale used car sales and the integration of Click-Ins’ innovative technology allows its customers to accurately assess the condition of vehicles.
Click-Ins has developed an AI-based solution for identifying and analyzing visual damages in cars. Their technology enables users to quickly scan a car using a smartphone camera and generate a detailed report on its condition. Click-Ins uses synthetic data, rather than customer data, which enables immediate implementation of the solution. After a successful three-month pilot at OPENLANE’s site in Texas, the technology has been deployed nationwide across the United States.
The collaboration between Click-Ins and OPENLANE is worth millions of dollars over several years and solidifies Click-Ins’ position as a leader in the field of car inspections using AI. Click-Ins CEO, Eugene Greenberg, expressed excitement about collaborating with OPENLANE, highlighting their global business activities and growth over the past year.
Founded in 2014 by Eugene Greenberg, Dimitri Geyzerski, Ronen Avrigil, and Zeev Hazan, Click-Ins has raised $13.5 million to date. Their AI-based automatic solution allows rental companies, insurers, and other automotive companies to detect, analyze, process, and accurately assess external damages to vehicles in real-time using only images from any mobile device. This eliminates the need for specialized equipment or skilled human resources.
The adoption of AI technology by OPENLANE marks a significant advancement in the field of car inspections, offering a rapid and simple solution for assessing vehicle damages. The partnership with Click-Ins demonstrates OPENLANE’s commitment to staying at the forefront of the industry.
Analyst comment
Positive news. Market analysis: OPENLANE’s adoption of Click-Ins’ AI technology for car damage detection strengthens their position in the market. The successful pilot in Texas and nationwide deployment demonstrate potential for growth. The multi-million dollar deal and expansion into new markets indicate increased business opportunities for Click-Ins.
