{"id":397497,"date":"2020-12-10T10:03:09","date_gmt":"2020-12-10T15:03:09","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=397497"},"modified":"2020-12-10T10:03:09","modified_gmt":"2020-12-10T15:03:09","slug":"cardr-com-raises-5m-to-launch-artificial-intelligence-powered-mri-for-used-cars","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cardr-com-raises-5m-to-launch-artificial-intelligence-powered-mri-for-used-cars\/","title":{"rendered":"CarDr.com Raises $5M to Launch Artificial Intelligence-Powered \u2018MRI for Used Cars\u2019"},"content":{"rendered":"<h2>\nAuto lenders, dealers, and car buyers turn to next-gen inspection technology to detect fraud and better understand the health of second-hand vehicles<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"left\">CHICAGO, Dec.  10, 2020  (GLOBE NEWSWIRE) &#8212; The used car market in the U.S. is worth <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=0Nvnk_8ZyTXe67B_rt2X97skV79ptt_CIVKZOrEHvofAjZ9SHgJHVL9etoYPMT67J6i6311VWbat0x0pFxZhGN4BV6elNWt_N9rM3rni_i-7DG5nz-yTNYoM4WCPZMyktvv7rQB_LyRpPifRYfDEvqt9_HYp4wEuIyclA6o8gjA=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>$89 billion<\/u><\/a>, and continues to grow every year. But even with 41 million used cars changing hands annually, consumers, dealers, and lenders struggle to know their true value before purchase or sale.\u00a0\u00a0<\/p>\n<p align=\"left\">To give lenders, dealers, and buyers a more comprehensive picture of vehicle health and a more accurate valuation of used cars, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=riWoT4rY7VJs18_wXCbpxPs_JugFqkRgfnxWiDsW8KXnT9NHNqnw4YlWKgBqVn8s6fFDMVcj0c8SleCZ5jV3lQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">CarDr.com<\/a>\u00a0today announced its launch and seed funding of $5M from <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=rStA57fvlh5XElxpF0h4bUU7CMgIkJE0lIDV-tbKwcIZkZv4Idu-uGam2j9O8unqKhkJECvpyDyzbUvU9bh1efG29brh1ofLGY-pEmmhfu3tm_Y10aq5yzH-EtXLw6TP\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Red Fort Capital<\/u><\/a>.<\/p>\n<p align=\"left\">CarDr.com\u2019s artificial intelligence-powered (AI) used car inspection is the first of its kind. CarDr.com\u2019s proprietary <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=6VoPgtmR7P6adEVQmVumYh3MJW6KqxHDx7H1PJlGO_1Wx74ftHfNN-Pr86yYNNx224ivyFLCZGxXxe4CAZaF4sdXc0AGNVP5nff1JV6BmCw=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>On-Board Diagnostic (OBD) scanner<\/u><\/a> pulls 300+ vehicle diagnostic data points and generates a comprehensive vehicle inspection report and reliability rating.<\/p>\n<p align=\"left\">\u201cThe combination of CarDr.com\u2019s state-of-the-art AI-powered inspection protects used car buyers, dealers, and lenders from unnecessary risks and costly mistakes,\u201d said Parry Singh, chairman and founder of CarDr.com.<\/p>\n<p align=\"left\">\u201cCarDr.com provides deep insight into a car\u2019s health and protects a buyer from purchasing a faulty or overpriced used car,&#8221; Singh added. &#8220;<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=riWoT4rY7VJs18_wXCbpxNi_hy0gqQzqPbmsgDzfMMz1REhmlHUH4wHLy1-vCuHGB-tGiScveZ6N-AWoyBUM5o-4VRFxN6ZvfbaNNy6sdbTCxfgwkzzolCA2vWsaaEHCDGeDY1a_NqB5ej-peanaQe9klbaK6I14TacUitVtQvYr_UyeMe2wod_v1PnTW7KO1e8HMu2ZpQaSlUdoz4z7Iw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>CarDr.com\u2019s AI Suggested Fair Market Valuation<\/u><\/a> gives buyers, dealers, insurance companies, and lenders more confidence in their used car purchase or financing decisions.&#8221;<\/p>\n<p align=\"left\">CarDr.com pulls and analyzes vehicle health data to detect:<\/p>\n<ul type=\"disc\">\n<li>\n          <strong>Fraud:<\/strong> VIN and <a href=\"https:\/\/cardr.com\/blog\/odometer-rollback-fraud\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>odometer rollback fraud<\/u><\/a>\u00a0\u00a0<\/li>\n<li>\n          <strong>Mechanical Reliability: <\/strong>Engine performance and mechanical issues<\/li>\n<li>\n          <strong>Diagnostic Issues: <\/strong><br \/>\n          <a href=\"https:\/\/cardr.com\/obd\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n            <u>Diagnostic trouble codes<\/u><br \/>\n          <\/a> and state emission compliance<\/li>\n<li>\n          <strong>Damage: <\/strong>Historical, exterior, and interior damage<\/li>\n<\/ul>\n<p align=\"left\">CarDr.com\u2019s vehicle inspections benefit:<\/p>\n<ul type=\"disc\">\n<li>\n          <strong>Banks and Credit Unions<\/strong> \u2013 CarDr.com brings more certainty to auto lenders by giving better insight into what a car is worth, allowing banks and credit unions to capitalize on the <a href=\"https:\/\/www.ibisworld.com\/industry-statistics\/market-size\/used-car-dealers-united-states\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">$89 billion<\/a>\u00a0used-car market. <\/p>\n<\/li>\n<li>\n          <strong>Auto Dealers<\/strong> \u2013 CarDr.com provides a competitive advantage for car dealers by enabling them to accurately appraise trade-ins and existing used car inventory, as well as detect odometer and VIN fraud. <\/p>\n<\/li>\n<li>\n          <strong>Buyers <\/strong>\u2013 CarDr.com gives buyers greater transparency into the health of a used car to avoid car trouble down the road and negotiate a fair market price for the vehicle. \u00a0\u00a0 <\/li>\n<\/ul>\n<p align=\"left\">\u201cYou can think of a typical car inspection as a routine wellness check or physical exam,\u201d said Singh. \u201cCarDr.com gives a much more comprehensive look into car health by providing the equivalence of an in-depth MRI.\u201d<\/p>\n<p align=\"left\">\n        <em>To learn more about CarDr.com and the science behind AI-powered car inspections, visit<\/em><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=riWoT4rY7VJs18_wXCbpxHf6kbIpBeEyfcfCgbIw5HRePcmGGXuxLM_Ka5CYJZDhsGKbbCtiqzUKsaWc2mv5BQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <em><br \/>\n            <u>CarDr.com<\/u><br \/>\n          <\/em><br \/>\n        <\/a><br \/>\n        <em>.<\/em>\u00a0\u00a0<\/p>\n<p align=\"left\">\n        <strong>About CarDr.com, Inc.<\/strong>\n      <\/p>\n<p align=\"left\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=riWoT4rY7VJs18_wXCbpxHMxOLaQKDf6rwbKXJ6oygJEg5sDl31tcq-G8bTeMCcJB83nEhDFfoeEgIvoaA2RHg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <u>CarDr.com<\/u><br \/>\n        <\/a> provides transparent and comprehensive used car inspections for auto lenders, dealers, buyers, and sellers nationwide. Its fleet of trained auto inspectors leverage CarDr.com\u2019s state-of-the-art AI to analyze vast amounts of car diagnostic data to more accurately assess vehicle health, prevent fraud, and determine a car\u2019s true value.<\/p>\n<p align=\"left\">The CarDr.com <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=6VoPgtmR7P6adEVQmVumYh3MJW6KqxHDx7H1PJlGO_2PaP9lIMXSnv2tUSQnV_Y_ngjMXfh_C9xDceJNX2FvX10R1Jp45XvEm6NKTeQL4Kk=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>On-Board Diagnostic (OBD) scanner<\/u><\/a>, when coupled with the CarDr.com <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=szBBL32zv8RCb0kocU-lWqRu-GwmxQQ2sg-cyIfmlm94TawYindmC7JwQ57p68Ii__kptP0RoYRTSNn1p6TyzbnVx9geMMiwnsvrsaOVl-s=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Vehicle Inspection App<\/u><\/a>, detects odometer fraud with 99% accuracy, VIN fraud with 100% accuracy, and generates a vehicle inspection report, reliability rating, and fair market valuation within minutes.<\/p>\n<p align=\"left\">Launched in 2020, Chicago-based CarDr.com is backed by <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=rStA57fvlh5XElxpF0h4bfQeftyI-2xaz6Ext_joJxj6ZCxLIJsCaEnqihOQTdflSnakziG4rdVd0qzgzw9sC1KBFhKXGhbPfzp7o-Pv4ECuZ5jia_IzaYYvYAj0Y7LK\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Red Fort Capital<\/u><\/a>, the $1.2 billion private equity firm and S&amp;P investment grade finance company Singh founded in 2003.\u00a0<\/p>\n<p align=\"left\">\n        <strong>About Red Fort Capital<\/strong>\u00a0\u00a0<\/p>\n<p align=\"left\">Founded by Parry Singh in 2003, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=rStA57fvlh5XElxpF0h4bXe3CSznhwZ0M3AeuI0HnsJpETRBAKOc2e-w4FzJawH2Ee1n37u0j6Fg9ErEaa3h1c9h9bNUJyCGgmkVQpe7zbYgd1IFzmRx6m2ByifWlfNL\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Red Fort Capital<\/u><\/a> is a $1.2 billion real estate fund that has financed over 30 million square feet of residential and commercial space worldwide. The firm, ranked by <em>PERE Magazine <\/em>as a Top Ten Emerging Manager, has an investment strategy uniquely focused on transaction structuring, execution, and asset management expertise.<\/p>\n<p align=\"left\">Red Fort Capital has multiple financing vehicles, including private equity funds, non-bank finance, and a global special situation principal group. Red Fort Capital NBFC,\u202fa regulated non-bank finance company that focuses on corporate debt, senior debt for logistics, education, bridge financing, and more, is an S&amp;P investment grade-rated company.<\/p>\n<p align=\"left\">\n        <strong>Media Contact:<br \/><\/strong>\n      <\/p>\n<p align=\"left\">Siri Morrone<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=3s_qeBwwwjjbuwwSryWVYbAj0pKUAjT3cENdtT1ufRrQrFjgx4quSiy_Ys0wKpa0jRw7l3WQsahNmjO3I2jRvA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">siri@cardr.com<\/a><br \/>(800) 932-1120<\/p>\n<p>A photo accompanying this announcement is available at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=U3XP5FMbK26sb1YdfjaVJNU9hTvxyJZq4d3cjHORaw8WCZiCyfWFVY-08SSYFzvFcxhZxosFbAWQiNaHLT1BB16PZLD_4DntLvamOFUrKiOB7ovlSIEzOD615rjKXt7UP6OjUSnkKMRtzIjuYX7zqvgC0v-tyA14Mze2Q7_nuBxyLHaV9OaAyafaUIUGpNzAVvzBnQNEVHQZaIC4XVnWz_5OhMYvyq-4RsRad-lnJGnvsnSeJQhprG71_h1KnVRB7eaaJX1_D3hVo95DaRol5A==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/818dc12d-5fb1-408b-8f85-1859ce4f6129<\/a><\/p>\n<p>A video accompanying this announcement is available at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=U3XP5FMbK26sb1YdfjaVJNU9hTvxyJZq4d3cjHORaw8WCZiCyfWFVY-08SSYFzvFpYk-dblOtaQYjLyYMrPMs5-nEbU5mtILmxsKnowMaqbDhxRzqIs4Nw3V8nRNU96JMZlg49tkL4BmbCdlVhy4no3r8-EEUomIM8ALrNEsWf0Qbp9PIzjvoXuT-vWhBffrFyQj_4YLdh940KuDQZLr1KngabFIBY5Yt_fiwTkDgQero4mUt5PhXl2AQxxdvvVCNUqDNZfR0QCb7mE7l7yvIw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/0edc8afd-3b26-4f3f-9d61-9d17fc9d5753<\/a><\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5OTcyOCMzODYyMDEzIzIyMDU2MTE=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/1e833986-5673-4a51-ae81-221f594def73\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Auto lenders, dealers, and car buyers turn to next-gen inspection technology to detect fraud and better understand the health of second-hand vehicles CHICAGO, Dec. 10, 2020 (GLOBE NEWSWIRE) &#8212; The used car market in the U.S. is worth $89 billion, and continues to grow every year. But even with 41 million used cars changing hands annually, consumers, dealers, and lenders struggle to know their true value before purchase or sale.\u00a0\u00a0 To give lenders, dealers, and buyers a more comprehensive picture of vehicle health and a more accurate valuation of used cars, CarDr.com\u00a0today announced its launch and seed funding of $5M from Red Fort Capital. CarDr.com\u2019s artificial intelligence-powered (AI) used car inspection is the first of its kind. CarDr.com\u2019s proprietary On-Board &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cardr-com-raises-5m-to-launch-artificial-intelligence-powered-mri-for-used-cars\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;CarDr.com Raises $5M to Launch Artificial Intelligence-Powered \u2018MRI for Used Cars\u2019&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-397497","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CarDr.com Raises $5M to Launch Artificial Intelligence-Powered \u2018MRI for Used Cars\u2019 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cardr-com-raises-5m-to-launch-artificial-intelligence-powered-mri-for-used-cars\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CarDr.com Raises $5M to Launch Artificial Intelligence-Powered \u2018MRI for Used Cars\u2019 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Auto lenders, dealers, and car buyers turn to next-gen inspection technology to detect fraud and better understand the health of second-hand vehicles CHICAGO, Dec. 10, 2020 (GLOBE NEWSWIRE) &#8212; The used car market in the U.S. is worth $89 billion, and continues to grow every year. But even with 41 million used cars changing hands annually, consumers, dealers, and lenders struggle to know their true value before purchase or sale.\u00a0\u00a0 To give lenders, dealers, and buyers a more comprehensive picture of vehicle health and a more accurate valuation of used cars, CarDr.com\u00a0today announced its launch and seed funding of $5M from Red Fort Capital. CarDr.com\u2019s artificial intelligence-powered (AI) used car inspection is the first of its kind. CarDr.com\u2019s proprietary On-Board &hellip; Continue reading &quot;CarDr.com Raises $5M to Launch Artificial Intelligence-Powered \u2018MRI for Used Cars\u2019&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/cardr-com-raises-5m-to-launch-artificial-intelligence-powered-mri-for-used-cars\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-10T15:03:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5OTcyOCMzODYyMDEzIzIyMDU2MTE=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cardr-com-raises-5m-to-launch-artificial-intelligence-powered-mri-for-used-cars\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cardr-com-raises-5m-to-launch-artificial-intelligence-powered-mri-for-used-cars\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"CarDr.com Raises $5M to Launch Artificial Intelligence-Powered \u2018MRI for Used Cars\u2019\",\"datePublished\":\"2020-12-10T15:03:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cardr-com-raises-5m-to-launch-artificial-intelligence-powered-mri-for-used-cars\\\/\"},\"wordCount\":711,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cardr-com-raises-5m-to-launch-artificial-intelligence-powered-mri-for-used-cars\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODA5OTcyOCMzODYyMDEzIzIyMDU2MTE=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cardr-com-raises-5m-to-launch-artificial-intelligence-powered-mri-for-used-cars\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cardr-com-raises-5m-to-launch-artificial-intelligence-powered-mri-for-used-cars\\\/\",\"name\":\"CarDr.com Raises $5M to Launch Artificial Intelligence-Powered \u2018MRI for Used Cars\u2019 - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cardr-com-raises-5m-to-launch-artificial-intelligence-powered-mri-for-used-cars\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cardr-com-raises-5m-to-launch-artificial-intelligence-powered-mri-for-used-cars\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODA5OTcyOCMzODYyMDEzIzIyMDU2MTE=\",\"datePublished\":\"2020-12-10T15:03:09+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cardr-com-raises-5m-to-launch-artificial-intelligence-powered-mri-for-used-cars\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cardr-com-raises-5m-to-launch-artificial-intelligence-powered-mri-for-used-cars\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cardr-com-raises-5m-to-launch-artificial-intelligence-powered-mri-for-used-cars\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODA5OTcyOCMzODYyMDEzIzIyMDU2MTE=\",\"contentUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODA5OTcyOCMzODYyMDEzIzIyMDU2MTE=\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cardr-com-raises-5m-to-launch-artificial-intelligence-powered-mri-for-used-cars\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CarDr.com Raises $5M to Launch Artificial Intelligence-Powered \u2018MRI for Used Cars\u2019\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"CarDr.com Raises $5M to Launch Artificial Intelligence-Powered \u2018MRI for Used Cars\u2019 - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/cardr-com-raises-5m-to-launch-artificial-intelligence-powered-mri-for-used-cars\/","og_locale":"en_US","og_type":"article","og_title":"CarDr.com Raises $5M to Launch Artificial Intelligence-Powered \u2018MRI for Used Cars\u2019 - Market Newsdesk","og_description":"Auto lenders, dealers, and car buyers turn to next-gen inspection technology to detect fraud and better understand the health of second-hand vehicles CHICAGO, Dec. 10, 2020 (GLOBE NEWSWIRE) &#8212; The used car market in the U.S. is worth $89 billion, and continues to grow every year. But even with 41 million used cars changing hands annually, consumers, dealers, and lenders struggle to know their true value before purchase or sale.\u00a0\u00a0 To give lenders, dealers, and buyers a more comprehensive picture of vehicle health and a more accurate valuation of used cars, CarDr.com\u00a0today announced its launch and seed funding of $5M from Red Fort Capital. CarDr.com\u2019s artificial intelligence-powered (AI) used car inspection is the first of its kind. CarDr.com\u2019s proprietary On-Board &hellip; Continue reading \"CarDr.com Raises $5M to Launch Artificial Intelligence-Powered \u2018MRI for Used Cars\u2019\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/cardr-com-raises-5m-to-launch-artificial-intelligence-powered-mri-for-used-cars\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-10T15:03:09+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5OTcyOCMzODYyMDEzIzIyMDU2MTE=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cardr-com-raises-5m-to-launch-artificial-intelligence-powered-mri-for-used-cars\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cardr-com-raises-5m-to-launch-artificial-intelligence-powered-mri-for-used-cars\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"CarDr.com Raises $5M to Launch Artificial Intelligence-Powered \u2018MRI for Used Cars\u2019","datePublished":"2020-12-10T15:03:09+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cardr-com-raises-5m-to-launch-artificial-intelligence-powered-mri-for-used-cars\/"},"wordCount":711,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cardr-com-raises-5m-to-launch-artificial-intelligence-powered-mri-for-used-cars\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5OTcyOCMzODYyMDEzIzIyMDU2MTE=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cardr-com-raises-5m-to-launch-artificial-intelligence-powered-mri-for-used-cars\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/cardr-com-raises-5m-to-launch-artificial-intelligence-powered-mri-for-used-cars\/","name":"CarDr.com Raises $5M to Launch Artificial Intelligence-Powered \u2018MRI for Used Cars\u2019 - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cardr-com-raises-5m-to-launch-artificial-intelligence-powered-mri-for-used-cars\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cardr-com-raises-5m-to-launch-artificial-intelligence-powered-mri-for-used-cars\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5OTcyOCMzODYyMDEzIzIyMDU2MTE=","datePublished":"2020-12-10T15:03:09+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cardr-com-raises-5m-to-launch-artificial-intelligence-powered-mri-for-used-cars\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/cardr-com-raises-5m-to-launch-artificial-intelligence-powered-mri-for-used-cars\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cardr-com-raises-5m-to-launch-artificial-intelligence-powered-mri-for-used-cars\/#primaryimage","url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5OTcyOCMzODYyMDEzIzIyMDU2MTE=","contentUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5OTcyOCMzODYyMDEzIzIyMDU2MTE="},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cardr-com-raises-5m-to-launch-artificial-intelligence-powered-mri-for-used-cars\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"CarDr.com Raises $5M to Launch Artificial Intelligence-Powered \u2018MRI for Used Cars\u2019"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/397497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=397497"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/397497\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=397497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=397497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=397497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}