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Paris-based AI company providing automated vehicle inspection, using image analysis to detect and report vehicle damage.
Monk SAS offers an AI-powered platform where users upload vehicle images for immediate damage detection and condition reports, which can automate up to 70% of traditional inspection tasks. Its customers include car rental companies, insurers and dealerships, mainly in France and other parts of the EU. Founded in 2019 in Paris, France, by Abou Laraki and Fays Slaoui, the company raised EUR 1.800 mn in February 2022 in a Seed round led by IRIS and Plug and Play Ventures. ACV Auctions, Inc. acquired the company in February 2022.
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