AI-based startup Inspektlabs has raised $600,000 in a pre-Series A funding round led by Better Capital, Titan Capital, and a cluster of angel investors.

As per the startup, it plans to utilize the funding amount for product development and to increase its offerings for insurance and automotive players across the globe.

Founded by Sanchit and Devesh Trivedi, this AI tech startup provides products that detect damages on items using photos & videos, eliminating the need for physical inspections.

Talking about the funding round, Devesh Trivedi, Co-founder of Inspektlabs, said,

“Inspektlabs products have been designed and built from the ground-up to plug into this evolving paradigm of enterprise solutions. Our products currently reduce the cost of inspection by 98% and reduce the time required for inspections by 95 percent. We are constantly innovating to deliver new value propositions by improving deliverability and assuring reliability in our product. We will soon diversify to other assets such as cellphones, bikes.”