CarDr.com, a Chicago, IL-based provider of an artificial intelligence-powered (AI) used car inspection solution, raised $5m in seed funding.
The round was led by Red Fort Capital.
The company intends to use the funds to continue to expand operations and its business reach.
Led by Parry Singh, chairman and founder, CarDr.com provides an artificial intelligence-powered (AI) used car inspection solution that give lenders, dealers, and buyers a comprehensive picture of vehicle health and a more accurate valuation of used cars. Its proprietary On-Board Diagnostic (OBD) scanner pulls 300+ vehicle diagnostic data points and generates a comprehensive vehicle inspection report and reliability rating.