Self Inspection Closes $3M Deal to Transform Vehicle Assessments
Deal News | Feb 11, 2025 | Aim Group
Self Inspection, a San Diego-based startup, raised $3 million in a seed funding round led by Costanoa Ventures and DVx Ventures, with auto finance company Westlake Financial also participating. Founded by Constantine Yaremtso in 2021, the company leverages generative AI to improve vehicle-condition assessments, presenting a more efficient alternative to traditional methods. Self Inspection's technology, known for its high accuracy and ability to detect minor defects, is set to revolutionize the $30 billion automotive inspection industry. The platform sees significant traction with clients such as CarOffer, Westlake Financial, and Avis. This funding aims to enhance the company's engineering teams in the U.S. and Ukraine, supporting further product development and expanding its AI capabilities.
Sectors
- Automotive
- Technology
- Financial Services
Geography
- United States – Self Inspection is based in San Diego, U.S., and several key clients and investors are U.S.-based, indicating significant operations and market presence in the country.
- Ukraine – The company plans to expand its engineering teams in Ukraine, marking a strong operational and developmental tie to the region.
Industry
- Automotive – Self Inspection operates within the automotive industry, focusing on vehicle-condition assessments and serving clients such as car rental and finance companies.
- Technology – The company's use of generative AI and computer vision places it squarely in the technology sector, innovating traditional processes with advanced tech solutions.
- Financial Services – Participation from Westlake Financial highlights the company's relevance to the financial services sector, especially in areas involving asset assessments for financing.
Financials
- $3,000,000 – The seed funding amount invested in Self Inspection.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Self Inspection | Target Company | Company | A San Diego-based startup focused on vehicle-condition assessment using AI technology. |
| Costanoa Ventures | Investor | Company | A venture capital firm that led the seed funding round for Self Inspection. |
| DVx Ventures | Investor | Company | A co-investor alongside Costanoa Ventures in Self Inspection's seed funding round. |
| Westlake Financial | Investor and Client | Company | An auto finance company that participated in the seed round and uses Self Inspection's technology. |
| CarOffer | Client | Company | A digital wholesaler and client of Self Inspection, owned by CarGurus. |
| Avis | Client | Company | An international rental company employing Self Inspection's technology. |
| Constantine Yaremtso | Founder | Person | Ukrainian national and founder of Self Inspection. |