DriveX Technologies raises $1.2 million

DriveX Technologies has raised $1.2 million to enhance its AI-powered windshield damage detection technology and expand its capabilities.

The round was led by Carglass Estonia, with participation from Lithuanian and Slovenian business angels, existing investors, and a development grant from Estonia’s applied research program.

Glass damage accounts for 40% of all vehicle insurance claims, making DriveX’s solution valuable for insurers and repair companies seeking to streamline damage assessments through customer self-service. The AI-driven tool helps determine whether repairs or replacements are needed, reducing unnecessary windshield replacements.

“Handling glass damage is our next step in making vehicle repairs more economically and environmentally fair. Looking ahead, I see significant waste and inefficiencies in the repair of other assets as well, such as buildings or consumer electronics. The European Parliament’s ‘Right to Repair’ initiative is providing strong momentum for creating a sustainable future, and we aim to become a leader in this space.” – Rauno Sigur, CEO of DriveX.