Woven Capital joins as strategic partner to accelerate global expansion and install hundreds of systems. UVeye, the global leader in AI-driven vehicle inspection technology, announced today $191 million of funding, bringing total capital raised to date to $380.5 million. This latest infusion, combining equity and debt, will fuel UVeye’s efforts to meet surging global demand […]
Acadia Insurance Partners with UVeye to Use Computer Vision AI Technology
Regional insurer will use UVeye’s vehicle inspection systems for auto claims. UVeye, creator of the AI-driven automated vehicle inspection platform, today announced a strategic collaboration with Acadia Insurance. The companies will enhance the efficiency and accuracy in Acadia’s appraisal process, leveraging UVeye’s AI-powered computer vision inspection systems to streamline claims for vehicles involved in accidents. […]
UVeye Partners with Hypertec to Mass-Produce Vehicle Inspection Systems in North America
UVeye announced a strategic partnership with Hypertec, that will kickstart mass production of UVeye’s vehicle insepction systems in response to the growing demand from a diverse range of automotive industry players, including car dealerships, car auctions, and fleets. Production will take place at Hypertec’s facilities located in Plainfield, Indiana, and Montréal, Canada, solidifying the alignment […]
UVeye Announces Automated Collision Repair Inspection Solution
UVeye has announced a partnership with Tom Wood Automotive Group, a network of dealerships in Indiana, Kentucky, and Minnesota that brings UVeye’s technology to the Tom Wood Collision Center in Carmel, Ind. The partnership marks the first auto body shop to integrate UVeye’s technology, joining the ranks of hundreds of dealerships, auction, and fleet centers […]
UVeye Announces Strategic Collaboration with General Motors to Commercialize Vehicle Inspection Technology Globally
UVeye receives investment from GM’s capital venture arm. UVeye, a provider of advanced vehicle diagnostic systems, announced that it has received an investment from the capital venture arm of General Motors, GM Ventures, to help fund the development and commercialization of the company’s vehicle inspection technology. UVeye also has entered into a commercial agreement with […]
UVeye Secures $60 Million in New Investments
CarMax, W.R. Berkley Corporation and F.I.T. Ventures among UVeye’s Series C Investors. UVeye, a supplier of high-speed vehicle inspection systems for the auto industry, has obtained $60 million in additional funding to support its global expansion plans. CarMax, W.R. Berkley Corporation and F.I.T. Ventures are among the participants in UVeye’s Series C funding round. CarMax, […]
Interview: Yaron Saghiv, UVeye
Vehicle inspection system startup mixes the latest digital scanning technology and artificial intelligence to analyze vehicle images to identify damage. The growth in the acceptance of photo estimating got a boost during the pandemic as insurers, collision repairers and customers sought to minimize interaction during the claim process. UVeye believes its technology, that combines high-resolution […]
Israel-Based UVeye Plans to Expand U.S. Operations
UVeye, an Israeli supplier of high-tech vehicle-inspection systems, is planning to expand in the United States with the introduction of products especially designed for car dealers, used-car auction houses and major vehicle-fleet operators. The company plans to open sales and product development offices in Ohio and New York within the next four months, is assembling […]