UVeye was founded by brothers Amir and Ohad Hever in 2016. The company currently employs 80 people, 70 of them in Israel. It plans to use the money raised to expand its workforce in Israel. Amir Hever previously founded Visual Lead, which was sold to Alibaba in 2015 for an amount estimated at the time at $6-9 million.
UVeye, a Tel Aviv-based company that has built a set of drive-through external scanners that can take images of the exterior of a vehicle (including the tires and undercarriage) and then — using computer vision and AI — instantly read those scans to detect for anomalies, has raised $31 million in funding, money that it will be using to continue expanding its technology, as well as building out the rest of its business.
An Israeli startup has come up with technology to instantly inspect vehicles for physical and mechanical flaws leading Volvo Cars, Toyota Tsusho Co, Toyota Group’s trading unit and commercial insurance holding company W.R. Berkely Corp. to collectively invest $31 million in UVEye
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UVeye provides an automatic 360° vehicle scan that detects damage to vehicles. Originally, this system was designed to detect explosive devices attached to cars but today it is being marketed as a tool large fleets can use to assess damages to vehicles.
