In the latest development, French startup Monk that has developed an AI-based inspection and detection system for car damages has raised €2.1 million in a seed round led by Iris Capital, alongside Plug and Play and key business angels including Patrick Sayer, Yannis Yahiaoui, and Arthur Waller.
The Paris-based startup will utilise this funding to R&D program, the recruitment of new team members, especially data scientists, and its business expansion across Europe.