UVeye

About:

UVeye develops automated inspection systems for vehicles using AI and proprietary hardware.

Website: http://www.uveye.com

Twitter/X: teamuveye

Top Investors: General Motors, CarMax, Hyundai Motor Company, Hanaco Venture Capital, General Motors Ventures

Description:

UVeye is a computer vision company that creates automatic inspection systems for vehicles since 2016. The systems provide complete visibility and enhanced customer experience scanning the underbody, tires, and complete exterior of any type of vehicle within seconds while utilizing a unique combination of machine learning and artificial intelligence algorithms. The company has installed systems in over 200 sites including dealerships, auctions, and fleets all across the world. During 2022 both Volvo Cars and General Motors have announced national programs to incentivize their dealer networks to install UVeye for both services and used car applications. Some of the issues detected by the system include oil leaks, rust, paint scratches and dents, tire issues such as side-wall damage or low tread depth, uneven wear which could lead to an alignment, missing parts, broken parts, and exhaust-system issues. UVeye is backed up by strategic investors such as Carmax, Volvo Cars, Toyota Tsusho, Hyundai Motor Cars, General Motors, and W.R. Berkley. Additional information is available at www.uveye.com.

Total Funding Amount:

$196M

Estimated Revenue Range:

$10M to $50M

Headquarters Location:

Teaneck, New Jersey, United States

Founded Date:

2016-09-01

Contact Email:

info(AT)uveye.com

Hub Tags:

Emerging Unicorn

Founders:

Amir Hever, Ohad Hever

Number of Employees:

101-250

Last Funding Date:

2023-05-09

IPO Status:

Private

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