Eugene Greenberg, Chairman
Company Overview
– What inspired you to start this company?
Eugene Greenberg, Chairman: “The inspiration to establish this company came from my long history in the insurance business—an industry that is highly traditional and conservative. Over the years, I have studied nearly every pain point and decided to develop an ultimate solution to help insurance companies reduce fraud and lower loss ratios by bringing state-of-the-art technology right to their doorstep”.
Product and Innovation
– What is your main product or service?
Click-Ins offers an AI-powered solution for comprehensive vehicle damage assessment, including detection, precise parts segmentation, and accurate damage measurement.
– How does your product differentiate itself from existing solutions in the market?
Our solution is highly scalable and accessible to end-users, requiring only a smartphone. This eliminates the need for substantial hardware investments, such as fixed camera systems, allowing for quick and efficient deployment to our customers’ end-users. We achieve exceptional accuracy by leveraging proprietary technology and integrating multiple disciplines. The entire process is fully automated and designed for seamless integration. Crucially, our models are trained on synthetic data rather than client photos, ensuring both privacy and independence.
– Can you share any unique features or innovations your product offers?
Beyond damage detection, our solution can segment individual parts from an extensive catalog covering various vehicle body styles. Furthermore, we accurately measure the extent of the damage. This capability empowers insurance companies to make informed, data-driven decisions based on our comprehensive reports.
Market and Problem-Solving
– What specific problem are you addressing in the insurance industry?
Currently, claims typically necessitate a physical inspection by an adjuster. Our solution allows policyholders to simply capture photos of their vehicles from their driveway. Our AI then provides
the adjuster with all necessary analysis, significantly increasing efficiency, reducing processing time, and—especially in the event of natural disasters—enabling claims to be managed at scale.
– Who are your target customers, and how do you reach them?
Our target customers include insurance companies, dealerships, rental car companies and marketplaces. We engage them through strategic partnerships, industry networks, and direct business development efforts.
– What is the market potential for your solution?
The market potential is substantial: every insurance claim and every used vehicle transaction represents a valuable opportunity for our technology.
We are also in the early stages of testing our technology for detecting and measuring hail damage on residential roofs. We are very optimistic about our technology’s ability to efficiently and accurately assess hail damage using only photos taken with a drone.
Business Challenges and Solutions
– What are the main challenges you have faced so far within the insurance industry?
A primary challenge is that many processes and workflows are deeply ingrained in the practices of both insurance companies and policyholders.
– How have you overcome these challenges?
Our approach involves adapting our technology to integrate seamlessly within existing workflows. We enhance these workflows with greater efficiency and customer-centricity, rather than requiring organizations to alter their established processes.
Current Status and Future Plans
– What is the current status of your company?
Currently, we are actively expanding our business in the US, Latin America, and Europe.
– What are your key milestones for the next 12 months?
Our key milestones for the next 12 months include acquiring several Tier One customers in the insurance industry and releasing our white-label-ready, hail-specific Web Application.
– Do you have any upcoming product launches or major updates planned?
We have a few, but prefer to keep them in stealth for the meantime.
Team and Culture
– Can you introduce your founding team and their backgrounds?
Our founding team comprises:
Eugene Greenberg, Chairman: With 30 years in the insurance industry and professional sports, Eugene is a former national team member.
Dmitry Geyzersky, CTO: Dmitry brings 25 years of technology experience as a Solution Architect with a strong background in building and implementing intelligent systems.
Josh Parsons, CEO: Josh is an entrepreneur with over 20 years of experience in the automotive industry, and a former founder of BacklotCars ($425M exit to KAR Global in 2020), COO at BacklotCars rebranded OPENLANE (NYSE KAR).
– How does your team’s expertise contribute to your success?
Our team represents the ultimate combination of deep domain expertise in Technology, Insurance, and the Automotive space, all of which are our target markets.
Funding and Investment
– Have you secured any funding to date? If so, from whom?
We have raised over $20 million from several VCs, angels, and corporate investors. Our early adopter and investor is the ShlomoSixt Group.
– Are you currently seeking additional investment? If yes, how much and for what purpose?
Currently, we are not seeking additional investment.
Industry Insights and Trends
– What are the biggest trends or changes you see happening in the insurtech industry?
We anticipate a more widespread adoption of AI across various operations within insurance companies.
– How do you see the insurance landscape evolving in the next 5 years?
While five years is not a long period for such a traditional industry, I expect insurers to increasingly implement automation as a key complement to human-involved operations.
Unique Selling Proposition
– What is one thing you want potential customers or partners to remember about your company?
We have a unique approach to AI by training on synthetic data, allowing humans to stay in the loop and creating organizational efficiencies through integration into and augmentation of existing workflows.
