Key facts
- Sheryl Sandberg's family office, Sandberg Bernthal Venture Partners, led a $10 million investment in Self Inspection.
- Self Inspection uses AI and smartphone cameras to assess vehicle damage and provide detailed inspection reports.
- The startup has already completed over 1 million vehicle inspections for clients including Stellantis' financial services arm.
- The company claims its platform has helped customers reduce costs by over $80 million and save 300,000 operational hours.
- The new funding will support product development, enterprise customer acquisition, and European expansion.
Sheryl Sandberg's family office, Sandberg Bernthal Venture Partners, has spearheaded a $10 million investment in Self Inspection, a startup focused on revolutionizing vehicle inspections through artificial intelligence and smartphone technology. The company, founded in 2021, aims to create a standardized system for assessing vehicle damage, a process that impacts billions of dollars in automotive decisions annually.
Self Inspection's platform allows users to capture images of a car's condition using a smartphone camera. The software guides the user to ensure comprehensive coverage and then utilizes one of the largest datasets of damaged vehicles to detect and quantify damage, providing detailed reports and cost estimates for repairs. The company also has the capability to integrate data from OBD2 computers for enhanced detail.
This funding round, which also saw participation from U.S. AutoForce and Westlake Financial, as well as early-stage funds Costanoa Ventures, Rebellion Ventures, and BrightCap Ventures, will be used to further develop products, expand its enterprise customer base, and facilitate international expansion into Europe. Self Inspection has already processed over 1 million inspections and claims to have saved its clients more than $80 million and 300,000 operational hours.