UVeye, an Israeli startup that uses artificial intelligence AI in the development of automated vehicle inspections systems, has been tapped by Swedish car maker Volvo to provide that company with its camera-based platform for vehicle inspections.
Volvo Car USA said that it is offering a new program to equip its U.S. retailers with automated vehicle-inspection systems. It will do so with high-speed, camera-based systems from Israel-based UVeye utilize artificial-intelligence and machine-learning technologies to check tires, underbody components and vehicle exteriors for defects, missing parts and other safety-related issues.
UVeye and Volvo Cars have collaborated since 2019 when the automaker became a strategic investor in the company through the Volvo Cars Tech Fund. Since then, Volvo Cars also has installed UVeye body-inspection scanners on its assembly lines for quality assurance.
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Founded in 2016, UVeye offers automated vehicle-inspection systems based on advanced artificial intelligence and machine learning technologies for both the automotive and homeland security industries. UVeye systems are increasing the speed and quality of inspection processes on assembly lines, as well as at new- and used-car dealerships, used-car auction houses and major vehicle fleets, as well as security checkpoints around the world.
UVeye currently has facilities in North America, Europe and the Asia Pacific region, including offices in Israel, Japan, Germany and the U.S. Since 2016, the company has raised more than $90 million and has formed strategic partnerships with numerous dealership groups, used car auctions and vehicle fleets.
“This is a homerun for Volvo Cars and our retailers,” said Rick Bryant, the vice president for sales operations at Volvo Car USA. “UVeye’s automated systems will add a new level of credibility to the inspection process for us, for our retailers and for our customers.”
David Oren, UVeye’s chief strategy officer, notes that, “Volvo Cars and its retailers are clearly interested in capabilities and technology that add up to better service for their customers. Volvo Cars stands out for its commitment to safety and its strong engagement with customers.”