Teaneck, New Jersey - UVeye, a leading computer vision tech company that develops automated inspection systems for vehicles, has announced the completion of a $100 million Series D funding round led by Hanaco Ventures, GM Ventures, and F.I.T. Ventures. The new funding will be used to expand UVeye's global reach and further develop its proprietary AI-powered hardware for vehicle inspection systems.

Founded in 2016 by Amir Hever and Ohad Hever, UVeye's technology has been installed at over 100 sites worldwide, including vehicle manufacturers, dealerships, fleet companies, logistical centers, and other sensitive security facilities. The company's proprietary hardware, powered by artificial intelligence, is capable of detecting vehicle issues and security-related threats in the undercarriage before they cause fatalities.

"We are thrilled to have the support of these strategic investors who share our vision of using technology to make our roads safer," said Amir Hever, UVeye's Co-Founder. "This funding will help us expand our reach and continue to raise the standard of vehicle inspections."

UVeye's Series D funding round follows a successful Series C round in 2021, which included strategic investments from CarMax and Hyundai Motors, bringing UVeye's total investment capital to over $90 million. The company's growing list of partners includes Toyota Tsusho, Volvo, W.R. Berkley, and F.I.T. Ventures.