Inspektlabs - About the company
Inspektlabs is a seed company based in New Castle (United States), founded in 2019 by Devesh Trivedi, Rekha Trivedi and Sanchit NA. It operates as a Provider of AI-powered solutions for vehicle damage inspection and assessment. Inspektlabs has raised $1.05M in funding from investors like Barclays, Wellfound and Titan Capital, with a current valuation of $*****. The company has 1229 active competitors, including 170 funded and 64 that have exited. Its top competitors include companies like AInnovation, Ambarella and Shift Technology.
Company Details
Provider of AI-powered solutions for vehicle damage inspection and assessment. The company offers automated tools to analyze vehicle images and videos. These tools generate detailed inspection reports. The reports include damage detection and claim value estimates. The technology supports various industries, including insurance, fleet management, and car rentals. It facilitates remote inspections and streamlines damage assessment workflows.
- Website
- inspektlabs.com
- Email ID
- *****@inspektlabs.com
- Phone Number
- +1 **********
- Registered Address
- C/O SH.L.R. TRIVEDI SHOP AT-BG-8-205 S/F PASCHIM VIHAR RIGHT SIDE PORTION, West Delhi, NEW DELHI, Delhi, India, 110027
Key Metrics
Founded Year
2019
Location
New Castle, United States
Stage
Seed
Total Funding
$1.05M in 4 rounds
Latest Funding Round
Post Money Valuation
$***** as on Aug 26, 2019
Ranked
39th among 1229 active competitors
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2025
Employee Count
80 as on Sep 30, 2026
Legal entities associated with Inspektlabs
Inspektlabs is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
CVISION.AI ANALYTICS PRIVATE LIMITED CIN: U72900DL2019PTC347137 , India, Active | Mar 12, 2019 | 0 - ₹10 Cr (As on Mar 31, 2025) | - |
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Inspektlabs's funding and investors
Inspektlabs has raised a total funding of $1.05M over 4 rounds. Its first funding round was on Aug 26, 2019. Its latest funding round was a Grant (prize money) round on 2022 for $*****. 1 investor participated in its latest round. Inspektlabs has 12 institutional investors and 9 angel investors.
Here is the list of recent funding rounds of Inspektlabs:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
2022 | 2448 | Grant (prize money) | 4838 | 5863 | 3166 | 5151 |
Jun 03, 2020 | 8377350 | Seed | 7446300 | 3979501 | 5298578 | |
Jan 27, 2020 | 6640049 | Seed | 7575384 | 7813332 | 1939367 |
View details of Inspektlabs's funding rounds and investors
Inspektlabs' founders and board of directors
Founder? Claim ProfileThe founders of Inspektlabs are Devesh Trivedi, Rekha Trivedi and Sanchit NA. Devesh Trivedi is the CEO of Inspektlabs.
Here are the details of Inspektlabs' key team members:
- Devesh Trivedi: Co-Founder & CEO of Inspektlabs and founder of 1 other company. They serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
- Rekha Trivedi: Co-Founder of Inspektlabs. They serve on the board of 1 company.
- Sanchit NA: Co-founder & Chief Product Officer of Inspektlabs and founder of 1 other company. Contact Info: 1 email address
Inspektlabs' Board of Directors
Inspektlabs's board has 3 active members. Devesh Trivedi, Rekha Trivedi and Rekha Trivedi are part of team.Here is the list of Inspektlabs' board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 7y 7m | |
Team | - | Current | 7y 7m | |
Team | - | Current | 7y 7m |
View details of Inspektlabs's Founder profiles and Board Members
Inspektlabs' employee count trend
Inspektlabs has 80 employees as of Sep 26. Here is Inspektlabs's employee count trend over the years:
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Inspektlabs's Competitors and alternates
Top competitors of Inspektlabs include AInnovation, Ambarella and Shift Technology. Here is the list of Top 10 competitors of Inspektlabs, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | AInnovation 2018, Haidian (China), Public | AI-based software for the retail, manufacturing, and insurance sectors | $132M | 70/100 | |
2nd | Ambarella 2004, Santa Clara (United States), Public | Manufacturer of AI-enabled image processors | $15.4M | 69/100 | |
3rd | Shift Technology 2014, Paris (France), Series D | Provider of AI solutions for insurance underwriting, claims, and risk | $320M | 68/100 | |
4th | Solutions for identity verification | $2.7M | 66/100 | ||
5th | Provider of digital platforms, AI solutions, and DX support services | $45.5M | 66/100 | ||
6th | Provider of AI-driven solutions for healthcare claims, fraud detection, and automation | $5.7M | 65/100 | ||
7th | Metropolis 2017, Santa Monica (United States), Series D | Developer of computer vision technology for automated vehicle parking management | $833M | 63/100 | |
8th | Provider of a text scanning and recognition app for mobiles | $36M | 63/100 | ||
9th | PopID 2017, Los Angeles (United States), Series B | Provider of face and palm biometric identity verification gateway solutions | $18.5M | 63/100 | |
10th | Provider of AI-based mapping systems generating high-definition vector data | - | 62/100 | ||
39th | Inspektlabs 2019, New Castle (United States), Seed | Provider of AI-powered solutions for vehicle damage inspection and assessment | $1.05M | 52/100 |
Looking for more details on Inspektlabs's competitors? Click here to see the top ones
Financials of InspektlabsFY 25 Available
CVISION.AI ANALYTICS PRIVATE LIMITED, the legal entity associated with Inspektlabs, generated less than ₹10 Cr in revenue for the financial year ending on Mar 31, 2025. The revenue of CVISION.AI ANALYTICS PRIVATE LIMITED has a compounded annual growth rate (CAGR) of 85% in the last 1 year.
Financial Statement Summary
Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
Income Statement | |||||
Revenue | 3623 | 3788 | 3237 | 5621 | 3674 |
Total Sales | 9952 | 8829 | 6011 | 8026 | 3783 |
Total Expenses | 6197 | 7047 | 3476 | 5383 | 7213 |
Operating Expenses | 1628 | 1804 | 9443 | 1376 | 5391 |
Employee Expenses | 3515 | 6850 | 7512 | 2768 | 3146 |
Operating Income (EBIT) | 6878 | 3376 | 8498 | 5513 | 7623 |
Interest Expenses | 3716 | 5769 | 3499 | 5807 | 2478 |
Expenses from other activities | 3608 | 5374 | 4129 | 4768 | 7179 |
EBITDA | 3740 | 6571 | 7543 | 6380 | 4379 |
Taxes | 2259 | 9716 | 6023 | 5979 | 3245 |
Net Profit | 8728 | 5451 | 9026 | 6115 | 1552 |
Balance Sheet | |||||
Assets | 6536 | 3021 | 5635 | 4078 | 9116 |
Accounts Receivables | 1754 | 7902 | 2632 | 1384 | 2663 |
Inventory | 8712 | 2440 | 9417 | 8180 | 4197 |
Liabilities | 4839 | 5378 | 1477 | 8155 | 5397 |
Total Debt | 1319 | 2110 | 1073 | 2856 | 1963 |
Accounts Payable | 6058 | 4090 | 2801 | 5419 | 9924 |
Equities | 6765 | 2692 | 9242 | 1382 | 6727 |
Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)
Inspektlabs's Investments and acquisitions
Inspektlabs has made no investments or acquisitions yet.
Reports related to Inspektlabs
Here is the latest report on Inspektlabs's sector:
News related to Inspektlabs
•
Kotak General Insurance automates vehicle inspection on its app through AIMint•Jul 18, 2022•Kotak General Insurance, Inspektlabs
•
Mitchell, Inspektlabs Offer New Option For AI-Generated AppraisalsAftermarket News•Aug 26, 2021•Mitchell International, Inspektlabs
•
Inspection AI Startup Inspektlabs Raises $600K in Funding from Better Capital & Titan CapitalIndianWeb2•Jul 03, 2020•Inspektlabs, Better Capital, Titan Capital
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