Ai-Driven Vehicle Inspection Giant Secures 191M Funding Boost To Dominance

The global automotive industry is abuzz with the news of UVeye’s recent funding round, which has secured a staggering $191 million extension to its Series D funding, taking the total funding to a whopping $380.5 million. This influx of capital, combining equity and debt, will enable UVeye to solidify its position as the market leader in AI-driven vehicle inspection technology.

Leading the way is Woven Capital, Toyota’s growth fund that invests in transformative mobility solutions. Their participation in this round marks Toyota’s first investment in UVeye, underscoring the global shift towards automated and AI-driven solutions. “UVeye is redefining the standard for vehicle inspections,” said Amir Hever, CEO and Co-Founder of UVeye.

Founded in 2016 by brothers Amir and Ohad Hever, UVeye provides cutting-edge automated vehicle inspection systems that scan underbodies, tires, and exteriors within seconds. Advanced AI algorithms pinpoint mechanical issues, cosmetic defects, and other hazards in real-time, making it an “MRI for vehicles.” Over 300 installations are already operational worldwide – across dealerships, auctions, and fleets – with major clients such as General Motors, Amazon, Volvo Cars, and Carmax.

The platform delivers precise, data-driven insights, which have far-reaching implications across the automotive ecosystem. By rapidly detecting everything from fluid leaks and worn tires to hidden cosmetic damage, these automated platforms not only improve safety but also optimize daily workflows:

• Dealerships and Service Centers: Quick, data-driven diagnostics enable more accurate trade appraisals and faster service turnarounds.
• Fleets and Rental Agencies: Swift inspections help monitor large volumes of vehicles, reducing downtime and unexpected maintenance costs.
• Manufacturing Lines: Automated quality checks support higher production standards and early detection of potential defects.
• Seaport and Logistics: Comprehensive scans facilitate secure and efficient inspections of incoming and outgoing vehicle shipments.

UVeye’s adaptability underscores its growing relevance across diverse automotive operations. As the company continues to expand, it is poised to play a leading role in setting new benchmarks for safety, reliability, and transparency in vehicle inspections worldwide.

The company plans to increase manufacturing capacity and deepen strategic partnerships worldwide. Hundreds of new installations are set for 2025, with millions of vehicles expected to be scanned annually. This will be supported by Trinity Capital’s $150 million debt facility – comprising an initial $100 million commitment and an option for an additional $50 million.

UVeye’s rapid growth reflects a broader industry shift toward AI-driven solutions that enhance operational efficiency and strengthen consumer trust. The company’s leadership anticipates continued adoption as more fleets, rental services, and manufacturing lines adopt automated vehicle inspection technologies.