DeGould attracts new funding for growth

DeGould Ltd has completed its third round of funding to accelerate the supply of automated vehicle inspection systems, powered by AI. A British company, based in Exeter, DeGould is the global leader for OEM automated vehicle inspections.

Over the last eight years, DeGould has captured over 100 million vehicle image sets on behalf of its customers. The highest resolution images in the industry are combined with AI algorithms to deliver full vehicle condition reporting. The company’s latest product, the new Auto-compact system, incorporates this technology and sets new standards for defect detection.

Wallenius Wilhelmsen joined existing investors in providing £6m of capital in this third round of funding to accelerate the growth in DeGould. Commenting on the new investment, Ed Jones, CEO at DeGould said “We are excited by the growth opportunity ahead of us and are especially pleased that Wallenius Wilhelmsen will join us on this journey. They have been a really supportive partner and we look forward to working together even more closely to strengthen our leading position in automated vehicle inspections.”

DeGould continues to attract significant interest from companies in the automotive value chain looking to automate their vehicle inspection process. This new funding enables DeGould to capitalise on this demand, invest in product development and scale up the business to provide exceptional customer value.

“We continue to digitize critical components of our finished vehicle logistics processes and the investment in DeGould is an important milestone in our strategy”, says EVP & COO Logistics Services at Wallenius Wilhelmsen, Mike Hynekamp.

“We believe investing in DeGould creates significant value for our mutual current and future customers by enhancing our capabilities in bringing end-to-end, integrated supply chain solutions to market”, says Hynekamp.