Veracity AI

AI-powered motor vehicle damage detection and claims automation for insurance carriers

Claims Technology Growth Bootstrapped

Overview

Veracity AI (operating under the Veracity Group brand) is a Sri Lanka-based AI technology company that builds computer vision and machine learning solutions for insurance claims automation. Founded in 2018 and headquartered in Colombo, the company serves insurance carriers and brokers seeking to automate motor vehicle damage assessment and property damage inspection through mobile image capture and AI analysis.

The company's core insurance product, WENN CarEye, is a cloud-based platform that guides users through capturing photos of damaged vehicles, then applies hybrid computer vision models to identify damage areas, classify severity, and estimate repair costs. The platform supports Android and iOS mobile interfaces and incorporates fraud detection through image metadata analysis, weather verification, and cryptographic timestamp logging.

Veracity AI reports serving 30+ customers across Sri Lanka, Australia, Singapore, and the United States, with offices in those four markets. The company is bootstrapped and profitable, with approximately 300 employees. Its WENN CarEye partnership with Norwegian insurtech Wenn ASA has been a key growth driver; Wenn ASA's valuation grew from USD 1M to USD 36M between 2020 and 2025 in part through this collaboration.

Products & Services

WENN CarEye

A cloud-based motor vehicle claims automation platform developed in partnership with Wenn ASA. The system uses computer vision and machine learning to detect, classify, and estimate the cost of vehicle damage from mobile photos submitted by policyholders or adjusters.

Key Features

Mobile image capture workflow for Android and iOS guiding users through photo submission
Hybrid computer vision models trained on over 3 million annotated vehicle damage images
Automated repair cost estimation calibrated for different regional markets
Fraud detection via cross-referencing vehicle data, image metadata, weather analysis, and timestamp verification
Property damage assessment capabilities alongside motor vehicle coverage
Edge and cloud hybrid architecture for real-time processing

Target Users: Motor insurance carriers, fleet operators, car rental companies, repair shops

Custom AI Development

Veracity builds custom AI and agentic AI solutions for enterprise clients across multiple verticals. Engagements cover discovery, architecture scoping, build, and deployment with ongoing optimization. The company also provides AI strategy consulting and software outsourcing services.

Key Features

Custom machine learning and computer vision solutions
Agentic AI implementation using n8n workflow automation, deployable in under two weeks
REST API integration and enterprise system connectivity
Multi-cloud deployment support (AWS, Azure)

Target Users: Insurance carriers, financial services firms, technology companies

At a Glance

Founded: 2018
Headquarters: Colombo, Sri Lanka
Employees: 201-500
Funding: Bootstrapped

Category & Focus

Category: Claims Technology
Subcategories: Claims automation computer vision fraud detection damage estimation
Insurance Verticals: P&C Personal P&C Commercial
Target Customers: Carriers, Brokers