• Steve Greenfield

The Daily Download: KAR Global Invests in Ravin.ai

Updated: Mar 31

In today’s news, KAR Global has announced a $15 million dollar series A investment in artificial intelligence (AI) solution for vehicle inspections company Ravin.ai. This comes after the January 5th news that Manheim acquired Fyusion, Inc.

Ravin’s existing investors, PICO Venture Partners and FM Capital, also participated in the round.

To date, Ravin has raised approximately $25 million dollars. Other investors in the company include Shell Ventures and individual investors such as General Motors former CEO, Rick Wagoner.

Congratulations to Co-Founder and CEO Eliron Ekstein and the whole Ravin.ai team!

Visit Automotive Ventures YouTube for more.

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