Self Inspection, a San Diego company that is specialized in AI-driven vehicle inspection, has closed the seed funding round in the amount of $3 million. Led by Costanoa Ventures and DVx Ventures, the round was joined by Westlake Financial, one of the largest financial institutions specializing in automotive loans.

The $3 million seed round is a significant milestone for Self Inspection as it accelerates its mission to revolutionize vehicle inspections through advanced artificial intelligence solutions. The co-leadership of Costanoa Ventures and DVx Ventures underscores the confidence investors have in Self Inspection’s innovative approach to addressing longstanding challenges in the automotive industry. 

Noteworthy is the partnership with Westlake Financial, as this endorses the strategic significance of Self Inspection’s technology for the financial sector overall, especially in automotive lending and asset management. 

Founded in 2021, Self Inspection is one of the emerging leaders in AI-powered solutions aimed at making and automating vehicle inspections. Its platform, through cutting-edge artificial intelligence and computer vision, brings unprecedented accuracy and efficiency in the assessment of vehicles. 

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The inspection is carried out using a smartphone camera with high-resolution capabilities and generates configurable reports that are easy to interpret and make it easy for different stakeholders, including financial institutions, fleet managers, and automotive dealerships, to manage their work.

Self Inspection is led by founder and Chief Executive Officer Constantine Yaremtso, a veteran professional with more than 15 years of experience in managing and developing enterprise-level software.

Before establishing Self Inspection, Yaremtso had held senior software management positions at Thermo Fisher Scientific, Affymetrix, and Kannaway. With his vast experience in software development and project management, he is well-positioned to provide the leadership needed for Self Inspection’s growth and acceptance of its solutions across the automotive industry.

The company also had leadership roles contributed by the erstwhile industry greats who made Apple, NVIDIA, Tesla, and Coinbase before. Therefore, Self Inspection comprises an eclectic aggregation of extensive AI, computer vision, and knowledge of the auto-industry market, where people have gained deep insight by experimenting with this particular space through real-time analysis.

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Self Inspection addresses a major need by the automotive industry for a more efficient, accurate, and cost-effective vehicle assessment. Traditional vehicle inspections are very labor-intensive, time-consuming, and prone to human error, leading to delays and added costs.

Self Inspection leverages AI and computer vision to automate the inspection process, shrinking assessment time from weeks to minutes. This automation not only increases accuracy but also offers customizable reports tailored towards the specific needs of various stakeholders. 

Self Inspection plans to increase its engineering team in Ukraine as well as in the United States, thereby speeding up product development and enriching its machine learning algorithm.
The company plans to optimize and expand the applications of its technology to a greater extent, offering a wider spread of applications to the automotive industries.

Through this continuous improvement of technology, Self Inspection will ensure that it continues to offer far more value-added services to the clients, whereby they can check their vehicles within the shortest period, with more accuracy, and efficiency.

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Self Inspection has emerged at the right time when the automotive industry is increasingly adopting artificial intelligence to optimize its operations and remain competitive. The solutions proposed by the company address the most basic need for more intelligent and automated tools for vehicle inspection, thus providing a way toward more resilient and efficient automotive operations. As it continues to innovate and expand, Self Inspection is well-positioned to play a pivotal role in shaping the future of vehicle assessments.