UVeye
Canvas Category Software : Operational Technology : Quality Assurance
UVeye is a Computer Vision company that develops automated inspection systems for vehicles, powered by artificial intelligence and proprietary hardware. UVeye is a computer vision tech company that develops automated inspection systems for vehicles, powered by artificial intelligence and proprietary hardware. Founded in 2016 by Amir and Ohad Hever, our systems have been installed at 100+ sites, including vehicle manufacturers, dealerships, fleet companies, logistical centers, energy, financial, diplomatic, and other sensitive security facilities. In 2019, Toyota Tsusho and Volvo headlined a $31M Series B, joining W.R. Berkley and F.I.T Ventures. In 2021, UVeye secured its Series C round from strategic investors like CarMax and Hyundai Motors, bringing UVeye to a grand total of over $90M in investment capital. As of March 2022, Volvo announced an expansion to their partnership with a long-term program aiming to install UVeye devices in all of its North American dealerships. Each day we are making an impact with technology by harnessing the power of AI to detect vehicle issues or security-related threats in the undercarriage before they cause fatalities. Our mission, every day, is to raise the standard of vehicle inspections to help create better mobility and safer roads.
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UVeye for SALES
UVeye Partners with Hypertec to Mass-produce AI Vehicle Inspection Systems in North America
UVeye, a leading technology company specializing in computer vision and artificial intelligence for the development of automated drive-through inspection systems for vehicles, is pleased to announce its strategic partnership with Hypertec, a global leader in state-of-the-art sustainable technology solutions.
This collaborative effort will kickstart mass production of UVeye’s innovative systems in response to the growing demand from a diverse range of automotive industry players, including car dealerships, car auctions, and fleets. Production will take place at Hypertec’s facilities located in Plainfield, Indiana, and Montréal, Canada, solidifying the alignment between cutting-edge technology and sustainable innovation.
Interesting Engineering on UVeye – The MRI for Cars
đźš™ UVeye Series D Funding Round Tops $100 Million for Major Expansion in U.S.
UVeye, a pioneer in the development of automated vehicle-inspection systems for the auto industry, has secured $100 million in additional funding to support major new sales and manufacturing initiatives in North America. The company’s recently completed Series D investment round was led by Hanaco VC, a venture-capital firm based in New York and Tel Aviv with $1.5 billion in assets under management.
Series D funding will be used to start production of UVeye inspection systems in North America, support further sales growth in the U.S. and fuel new-market expansion efforts.
AI vehicle inspection drives start up investment
Edge cases and tech layoffs might signal a difficult spell for driverless car developers, but that’s not to say that artificial intelligence isn’t booming elsewhere in the automotive industry. In January 2023, AI vehicle inspection firm, ProovStation announced that it had raised EURO 10.4 million to roll out a time-saving network of AI-assisted testing stations for the sale of used cars.
The AI vehicle inspection technology, which is housed in a drive-through design, enables car owners to receive a selling price for their vehicle in just a few minutes. Automating the vehicle valuation process means that used vehicle companies no longer need to waste time carrying out manual car inspections. Systems such as ProovStation’s automobile scanner eliminate human error and subjectivity from the vehicle valuation process, which can affect manual car inspections.
UVeye Enters into Strategic Collaboration with General Motors to Expand Technology to Global Dealerships
UVeye, a provider of advanced vehicle diagnostic systems, today announced that it has received an investment from the capital venture arm of General Motors, GM Ventures, to help fund the development and commercialization of the company’s vehicle inspection technology.
As part of the strategic collaboration agreement, the two companies have agreed to work on a variety of vehicle-inspection technology projects involving used-car auctions, fleet operations and automotive dealership sales. In the future, UVeye plans to incorporate electric-vehicle and autonomous-driving platforms into its inspection databases as well.