What is UVeye?
UVeye develops advanced AI-driven systems designed for rapid and accurate vehicle inspections, often described as an "MRI for vehicles." Its technology suite includes underbody scanners, tire analyzers, and 360-degree exterior detection systems. These solutions are deployed globally across hundreds of dealerships, fleet sites, and auction lots, serving prominent clients such as Amazon and General Motors. UVeye's technology is pivotal in enhancing vehicle safety and efficiency, with applications extending to rental services and seaport inspections, positioning the company as a key innovator in the automotive aftermarket and safety sectors.
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 Volvo Cars, Berkley, and Toyota Tsusho
Series C (2021): $60M supported by W.R. Berkeley, Car Max, and FIT Ventures
Series D (2023): $100M featuring Berkley, GM Ventures, CarMax, F.I.T. Ventures, and Hanaco
Debt (2025): $150M backed by Trinity Capital
Private Equity (2025): $41M with participation from Umc Capital, More Investment House, MyBerg, W R Berkley Insurance Norway NUF, Menora Mivtachim, and Woven Capital
Key Investors in UVeye
Trinity Capital
Trinity Capital is a leading provider of debt financing, including loans and equipment financing, to growth-stage companies backed by venture capital and institutional equity investors. Their investment objective is to generate current income and capital appreciation through term loans, equipment financings, and working capital loans.
Ahaka Capital
Ahaka Capital is a global multi-sector private equity firm that invests in exceptional businesses and entrepreneurs at all stages of development, providing operational support in business development, financing, M&A, and strategy.
GM Ventures
GM Ventures focuses on investing in automotive-related technology startups, leveraging General Motors' support to foster innovation in transportation and aiming for a future characterized by zero emissions, zero crashes, and zero congestion.
What's next for UVeye?
The substantial enterprise-level capital infusion, including the recent strategic investment, positions UVeye for accelerated growth and market penetration. This backing is likely to support the scaling of its AI inspection technology, further integration with major automotive players, and expansion into new geographic markets. The company's focus on enhancing vehicle safety and operational efficiency through advanced diagnostics suggests a strategic push towards solidifying its leadership in the automotive inspection technology space, potentially through further R&D and strategic partnerships.
See full UVeye company page
