# DriveX Technologies OÜ

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/drivex-technologies-ou

- Industry: Insurance
- Headquarters: Tallinn, Estonia
- Website: www.drivex.ee/
- Total disclosed funding: $1M
- Latest round: Seed (Mar 10, 2022)
- Investors on record: 5

## About

Based in Estonia, DriveX Technologies OÜ specializes in AI-driven vehicle inspection solutions tailored for the automotive insurance and repair sectors, enhancing operational efficiency and customer service through innovative technology.Founded in 2020 and headquartered in Tallinn, Estonia, DriveX Technologies OÜ focuses on providing AI vehicle inspection services. The company has successfully completed a total of 6 deals, with its most recent funding round occurring on February 5, 2025, led by Carglass® Estonia, raising EUR 1.20 mn. The CEO, Rauno ????, co-founded the company alongside Sarah Goughnour.DriveX Technologies offers an advanced AI vehicle inspection solution primarily for the automotive insurance and repair industries. This technology enables remote vehicle inspections, focusing on windshield claims and pre-CASCO checks. Clients can document vehicle conditions using guided photography, with images analyzed by AI to determine repair or replacement needs. The platform serves a diverse clientele in Northern and Central Europe, emphasizing its market presence in Estonia and the Baltic states.In the most recent year, 2023, DriveX Technologies generated revenue of EUR 162,133, with an EBITDA loss of EUR 248,425.80. The company's revenue model is based on B2B transactions, involving subscriptions and partnerships with insurance companies and automotive repair businesses.Looking ahead, DriveX Technologies plans to enhance its inspection platform, with recent funding to support this development. The company is targeting expansion into additional markets, focusing on regions that align with its core automotive insurance and repair services. The funding raised on February 5, 2025, will specifically be utilized to further the development of its technology, ensuring the platform remains competitive and responsive to client needs.

## Funding rounds

- Seed, Mar 10, 2022, $1M — Plug and Play, Startup Wise Guys, Estonian Business Angels Network, Lithuanian Business Angel Network, Depo Ventures

## Investors

- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Seed
- Startup Wise Guys (https://capitalatlas.ai/funds/startup-wise-guys) — Seed
- Estonian Business Angels Network (https://capitalatlas.ai/funds/estonian-business-angels-network) — Seed
- Lithuanian Business Angel Network — Seed
- Depo Ventures (https://capitalatlas.ai/funds/depo-ventures) — Seed