Search Menu
Photonics Media Photonics Marketplace Photonics Spectra BioPhotonics Vision Spectra Photonics Showcase Photonics ProdSpec Photonics Handbook

Automated Vehicle Inspection Firm UVEye Adds $100M in Financing

Facebook Twitter LinkedIn Email
UVEye, a computer vision company and developer of automated vehicle-inspection systems, has secured $100 million in funding to support sales and manufacturing initiatives in North America and fuel new-market expansion efforts. UVEye's suite of scanning solutions are powered by artificial intelligence and proprietary hardware. The company’s offerings are used to perform comprehensive inspections, specifically of a vehicle’s undercarriage, tires, full body, and interior.

According to the company, its systems have been installed at over 100 sites, including vehicle manufacturers, dealerships; fleet companies; logistical centers; and energy, financial, diplomatic, and other sensitive security facilities. UVEye currently has facilities in North America, Europe, and the Asia-Pacific region, including offices in Israel, Japan, Germany, and the U.S.High-speed UVeye vehicle inspections take seconds to complete. Courtesy of UVEye.
High-speed UVeye vehicle inspections take seconds to complete. Courtesy of UVEye.
The additional funding follows the company’s recently completed series D investment round. Since its founding in 2016, the company has raised $200 million in investment capital and formed strategic partnerships with numerous automakers, dealership groups, and used-car auctions.

General Motors, as well as CarMax, which earlier this year partnered with UVEye to provide AI-enhanced condition reports for buyers of vehicles sold at auction, were among series D round investors.
May 2023
machine vision
Interpretation of an image of an object or scene through the use of optical noncontact sensing mechanisms for the purpose of obtaining information and/or controlling machines or processes.
Businessfundingstartupmachine visioninspectionvehiclecomputer visionSeries Dfinancingfunding roundAmericasIsraelUVEyeThe News Wire

Submit a Feature Article Submit a Press Release
Terms & Conditions Privacy Policy About Us Contact Us
Facebook Twitter Instagram LinkedIn YouTube RSS
©2023 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA, [email protected]

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.