DriveX, an Estonian deeptech startup based in Tallinn, has successfully raised €1.2 million to enhance its windshield damage detection technology and expand its artificial intelligence capabilities.
The funding round was led by Carglass Estonia, with contributions from Lithuanian and Slovenian business angels, existing investors, and a development grant from the Estonian applied research program.
With windshield damage accounting for 40% of all vehicle insurance claims, DriveX's innovative solution is positioned to benefit both insurance and repair companies by facilitating customer self-service for damage assessments.
The DriveX application allows car owners to quickly assess windshield damage by taking images, helping them determine whether repairs or replacements are necessary.
Utilizing AI, DriveX's technology makes informed decisions on whether to repair or replace damaged windshields, aiming to increase repair rates and minimize unnecessary replacements.
Repairing minor windshield cracks is not only more cost-effective but also significantly more environmentally friendly than full replacements, generating much less waste.
CEO Rauno Sigur emphasized the importance of sustainable vehicle repair solutions, inspired by the European Parliament's 'Right to Repair' initiative.
Sven Freiberg, CEO of Carglass Estonia, highlighted that DriveX's technology reduces labor costs, improves customer experience, and enhances accuracy in bookings and spare part management.
DriveX aims to collaborate closely with repair shops and insurance claims handlers to boost efficiency and competitiveness in the market.
The startup plans to expand its services to several new countries in 2025, leveraging industry feedback to strengthen its competitive advantage.
Future development will involve testing AI's capability to assess damage size in real-world environments, supported by the newly acquired funding.
Founded in 2019 by Kentti Koppel, Rauno Sigur, and Valter Läll, DriveX's AI-based software is already utilized by 20 insurance companies across 12 markets.
