Rev Raises $33M Growth Capital

Rev Raises $33M Growth Capital

Rev, a company revolutionizing the automotive repair industry with AI technology across North America, has raised a total of $33 million through various funding rounds. This includes a $2.1 million pre-seed round, a $20 million Series A, and a $10 million Series A extension. The company provides software to address the needs of auto repair shops, particularly around ADAS calibrations.

These investments were pivotal in scaling Rev's operations, allowing for further development of its AI capabilities and the hiring of top-tier talent. The funds also enabled Rev to refine its go-to-market strategy, reducing the sales cycle from 21 days to less than five and significantly improving payback periods.

Rev began its journey in 2022, co-founded by CEO Adi Bathla. The company's mission is to revolutionize the automotive repair industry by leveraging AI technology. Rev's software integrates seamlessly with existing shop workflows, providing immediate value by reducing the time and complexity involved in ADAS calibrations for auto repair shops and dealerships.

Funding Details

Company: Rev

Raised: $33M

Round: Pre-seed, Series A, Series A Extension

Funding Date: 2024

Software Category: Automotive Software, AI

Company Website: https://revvhq.com