UVeye, an Israeli startup originally focused on vehicle security, has shifted towards comprehensive vehicle inspections using AI-powered computer vision systems. The company recently secured $191 million in additional funding, led by Toyota's Woven Capital, to expand its operations and meet increasing demand. The funds will help deploy around 700 inspection systems in 2025. Customers include major players like Amazon and CarMax, prompting UVeye to adapt its technology based on their needs, moving beyond just undercarriage inspections to a broader range of vehicle assessments.
We're installing at quite a lot of locations, and we're getting a lot of data, and we've signed some very strategic deals in past year, and we have, right now, more demand that we can actually support.
It was kind of a step-by-step [process] to really understand the market needs, and how they are inspecting vehicles today, and how we can help them to be more efficient.
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