UVeye Just Scored $191M to Revolutionize Car Inspections with AI-Powered Vision Tech
From Security Scans to Car Inspections: UVeye’s AI-Powered Evolution
What started as a high-tech solution for detecting security threats in vehicles has now become a game-changer for the automotive industry. UVeye, the Israeli startup, has just secured a jaw-dropping $191 million in funding to scale its AI-powered vehicle inspection systems. This isn’t just another tech story—it’s a revolution in how we think about car inspections.
“We’re installing at quite a lot of locations, and we’re getting a lot of data. Right now, we have more demand than we can actually support.”
Amir Hever, UVeye CEO and Co-Founder
The Funding Breakdown: Equity, Debt, and Big Plans
The funding round, led by Toyota’s Woven Capital growth fund, includes a mix of $41 million in equity financing (with contributions from UMC Capital and MyBerg) and a $150 million debt facility structured by Trinity Capital. This financial boost will allow UVeye to deploy nearly 700 inspection systems in 2025 alone.
But here’s the kicker: UVeye’s systems aren’t just for security anymore. They’ve evolved into a full-blown “MRI for cars,” scanning everything from the undercarriage to the exterior and interior. Customers like Amazon, CarMax, and major car manufacturers are already hooked.
Why UVeye’s Tech is a Game-Changer
- Speed & Efficiency: Cars can drive through UVeye’s systems in seconds, getting a comprehensive scan without human intervention.
- Data-Driven Insights: With nearly 1 million cars scanned per month, UVeye is building a massive database to refine its AI algorithms.
- Customer-Centric Evolution: From detecting tire wear to spotting exterior damage, UVeye’s tech adapts to what the market needs.
The Future of Car Inspections is Here
UVeye’s journey from security-focused tech to a must-have tool for car inspections is a masterclass in innovation. As Amir Hever puts it, “It was kind of a step-by-step process to really understand the market needs.” And now, they’re not just meeting those needs—they’re exceeding them.
With this new funding, UVeye is poised to dominate the automotive inspection space. Whether you’re a car dealer, manufacturer, or just someone who cares about vehicle safety, UVeye’s tech is about to change the game. Buckle up—this is just the beginning.
