Automotive Inspection Provider UVeye has received $100 million in Series D funding from a group of investors in order to bolster manufacturing initiatives in North America and promote further sales growth.
The investors are led by Hanaco VC, General Motors, CarMax, W.R. Berkley Corporation, and F.I.T. Ventures L.P..
“Our patent-protected technology provides automakers, dealers, and fleet operators with unmatched solutions for quickly and accurately identifying vehicle problems while setting new quality standards for the industry,” said Amir Hever, UVeye's CEO and co-founder. "The confidence that Hanaco VC and our other strategic investors have shown in UVeye will allow us to further scale our operations."
With facilities in Europe, the Asia Pacific region, and North America, this new funding will allow them to work with leading players in the U.S. market and install thousands of UVeye inspection systems in the coming years.
In 2022 and early 2023, UVeye announced major programs in the U.S. which involved 5,000 dealerships, used-car auctions and major fleets.