Ravin AI, a developer of AI-enabled vehicle inspection tools, has been granted a European patent for its Vehicle Damage-Finder System.
The technology uses stationary cameras to capture a car’s image and provide a comprehensive damage report, which is cross referenced with a vehicle’s computed model.
One of the aims of the solution is the automatic creation of a condition report or repair estimate.
According to Ravin AI, this will lead to improved fleet management, more transparent car rental and repair shop experiences, faster and more reliable insurance claims and fairer used car prices.
Eliron Ekstein, CEO and co-founder of Ravin AI, said: “This patent is a significant vote of confidence in our technology as a game changer in vehicle damage assessment.
“Not only do our algorithms save time by improving analysis efficiency, they also do not interfere with fleet management operations.
“Our unique technology is already creating a more coherent and trustworthy system of vehicle appraisal for consumers and businesses across the continent, helping fleet managers, insurance firms and car rental agencies streamline their operations and improve customer experience.”
The patent includes Great Britain, Germany, Italy, France and Spain and is reportedly the first-of-its-kind in the field of AI-powered visual inspection.
Ravin’s Vehicle Damage-Finder Stationary Modeling System has already been deployed in numerous locations, including London Heathrow Airport, in partnership with Avis.