Ohad and Amir Hever, co-founders of UVeye (company pic)
In a groundbreaking leap forward for AI-powered vehicle inspection, UVeye, an Israeli startup that uses artificial intelligence AI in the development of automated vehicle inspection systems, has secured a massive $191 million in fresh funding, catapulting its total capital raised to an astonishing $380.5 million. This latest round includes a $41 million equity investment, spearheaded by Woven Capital—Toyota’s influential growth fund—alongside key contributions from UMC Capital and longtime backers W.R. Berkley, Menora Mivtachim, More Investment House, and MyBerg.
Further amplifying its financial firepower, UVeye has also secured a $150 million debt investment from Trinity Capital, fueling its mission to revolutionize vehicle inspection technology. As the automotive world races toward automation and efficiency, this funding solidifies UVeye’s position as a trailblazer in AI-driven innovation, setting the stage for its next era of rapid expansion and technological dominance.
Founded in 2016 by CEO Amir Hever and his brother Ohad, 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.
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UVeye offers a cutting-edge AI-driven systems deliver lightning-fast, comprehensive inspections of all visible vehicle components, transforming the multipoint inspection process for dealerships, auctions, and fleet operators with unmatched efficiency and transparency.
Building on this innovation, it is expanding our technology portfolio with advanced diagnostic algorithms capable of detecting even the most minute anomalies—ranging from tire imperfections to subtle undercarriage issues. These groundbreaking capabilities not only elevate inspection accuracy but also dramatically reduce the time required for technicians to identify potential problems, revolutionizing service operations and setting a new global standard for automotive diagnostics.
“Our technology’s precision and the strong market demand underscore UVeye’s vital role in the automotive industry,” said Amir Hever CEO & Co-Founder, UVeye. “This year marked a significant advancement, and with robust support from our partners and investors, we are poised for unprecedented growth.”
