Revv, a New York-based software-as-a-service startup, has launched its automotive repair diagnostics platform with $2.1 million in seed funding.
SaaS Investors
The round was led by 1984 Ventures with additional funding from Soma Capital, Adapt Ventures, CapitalX, Unpopular Ventures, Pareto Holdings, Misfits Market CEO Abhi Ramesh and LiveControl co-founder Noah Johnson.
Founded in 2017, 1984 Ventures is a venture capital firm focused on seed and early-stage startups. The firm seeks to make investments in companies operating in the e-commerce, supply chain, SaaS, fintech, consumer, financial services, healthcare, and information technology sectors. Founded in 2017 and is based in San Francisco, California.
About Revv
Founded by Adi Bathla and Rashmi Sinha, Revv is a software-as-a-service startup that offers an automotive repair diagnostics platform powered by a large language model (LLM). The platform leverages AI to help mechanics and service technicians diagnose issues with a car's advanced driver assistance systems (ADAS), improving shop revenue and driver safety. Revv’s goal is to equip every shop, dealer, and calibration business with the insights they need to confidently perform ADAS procedures. By harnessing AI to bridge the information gap, they aim to help auto care businesses thrive now and into the future.
Funding Details
Company: Reve Labs, Inc.
Raised: $2.1M
Round: Seed Round
Funding Month: October 2023
Lead Investors: 1984 Ventures
Additional Investors: Soma Capital, Adapt Ventures, CapitalX, Unpopular Ventures, Pareto Holdings, Abhi Ramesh, and Noah Johnson
Company Website: https://www.revvhq.com/
Software Category: Automative Repair Diagnostic Platform
Source: https://www.globenewswire.com/news-release/2023/10/23/2764777/0/en/Revv-emerges-from-stealth-to-diagnose-advanced-driver-assistance-systems-ADAS-for-automotive-repair-shops.html