UVeye Raises $191M to Expand AI-Driven Vehicle Inspection Technology

Company Name: UVeye
Location: Teaneck, NJ
Industry: AI-Powered Vehicle Inspection

Funding Details

• Amount: $191M (bringing total funding to $380.5M)
• Investors:
  • Equity Financing ($41M):
    • Lead: Woven Capital
    • Participants: UMC Capital, MyBerg, W.R. Berkley, Menora Mivtachim, More Investment House
  • Debt Facility ($150M):
    • Trinity Capital

Purpose of Investment

• Global Expansion – Scale operations and international reach.
• Increase Large-Scale Manufacturing Capacity – Meet growing demand for AI-powered vehicle inspections.
• Strengthen Strategic Partnerships – Enhance collaboration with major automotive players.

Leadership

• CEO: Amir Hever

Product

UVeye provides AI-powered vehicle inspection technology, often described as an "MRI for vehicles," delivering highly accurate, data-driven assessments of mechanical and cosmetic issues.

Key Features

• Underbody Scanners: Detects mechanical problems and safety concerns.
• Tire Analyzers: Identifies tread wear and tire health.
• 360-Degree Exterior Detection: Spots cosmetic and structural issues with precision.

Adoption & Market Presence

• Installed at Hundreds of Locations – Dealerships, fleet sites, and auction lots worldwide.
• Major Clients: Amazon, General Motors.

About the Company

UVeye is transforming the vehicle inspection industry with AI-powered systems that enhance efficiency, accuracy, and scalability for dealerships, fleets, and automotive companies. By leveraging computer vision and machine learning, UVeye helps businesses detect issues faster, reduce costs, and improve vehicle safety standards.

Future Plans

With this funding, UVeye will expand its global footprint, scale manufacturing, and deepen strategic partnerships, positioning itself as a leader in AI-driven vehicle inspection technology.