What is UVeye?
UVeye specializes in the development of sophisticated AI-powered inspection systems that function as an MRI for vehicles. By utilizing proprietary underbody scanners, tire analyzers, and exterior detection hardware, the company provides unparalleled accuracy in identifying mechanical and cosmetic defects. This technology serves a diverse array of sectors, including automotive retail, fleet operations, and large-scale logistics. By automating the inspection process, UVeye enables its clients—ranging from major automotive manufacturers like General Motors to large-scale retailers like Amazon—to reduce operational overhead while significantly enhancing vehicle safety standards and transparency in the secondary market.
How much funding has UVeye raised?
UVeye has raised a total of $386.5M across 6 funding rounds:
Angel/Seed
$4.5M
Series A
$31M
Series C
$60M
Series D
$100M
Debt
$150M
Private Equity
$41M
Angel/Seed (2017): $4.5M with participation from Ahaka Capital and SeedIL Ventures
Series A (2019): $31M led by Berkley, Volvo Cars, and Toyota Tsusho
Series C (2021): $60M supported by Car Max, FIT Ventures, and W.R. Berkeley
Series D (2023): $100M featuring CarMax, Berkley, Hanaco, GM Ventures, and F.I.T. Ventures
Private Equity (2025): $41M backed by W R Berkley Insurance Norway NUF, Woven Capital, MyBerg, Menora Mivtachim, More Investment House, and Umc Capital
Debt (2025): $150M with participation from Trinity Capital
Key Investors in UVeye
Berkley
W. R. Berkley Corporation is a leading global insurance holding company specializing in commercial lines property and casualty insurance, providing long-term financial strength and risk management expertise.
GM Ventures
GM Ventures focuses on investing in automotive-related technology startups, leveraging General Motors' support to foster innovation in transportation and zero-emission initiatives.
Trinity Capital
Trinity Capital provides debt and equity solutions to growth-stage companies, specializing in supporting innovative businesses through critical phases of expansion.
What's next for UVeye?
Looking ahead, UVeye is poised to leverage its recent capital infusion to expand its strategic initiatives in rental services and seaport inspections. The company's focus remains on scaling its hardware-as-a-service model, which has proven highly effective in high-volume environments. As the automotive industry shifts toward more digitized and autonomous workflows, UVeye's ability to provide real-time, data-backed vehicle health reports will be instrumental in shaping the future of fleet maintenance. The firm is expected to prioritize R&D to further refine its AI algorithms, ensuring that its inspection suites remain at the cutting edge of the automotive technology ecosystem.
See full UVeye company page
