UVeye, an AI-driven vehicle inspection technology company, announced $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 global demand for its innovative systems and solidify its reputation as the company nears a million vehicles scanned every month.
The round was led by Woven Capital with participation from UMC Capital and MyBerg along with existing investors W.R. Berkley, Menora Mivtachim, and More Investment House for $41M in equity financing; Trinity Capital structured the $150 million debt facility.
UVeye’s systems, described as an “MRI for vehicles,” deliver data-driven insights by scanning all visible vehicle components in a matter of seconds. Powered by advanced AI, these platforms are enhance vehicle safety and efficiency, across dealerships, auctions, and a range of other industries. In 2024, UVeye gained traction, with installations across North America and beyond.
The new funding will drive UVeye’s global expansion, increase large-scale manufacturing capacity, and strengthen strategic partnerships. In 2025, the company plans to deploy hundreds of systems worldwide, enabling the scanning of millions of vehicles annually. The $150 million debt facility, structured by Trinity Capital, includes an initial $100 million commitment with an option for an additional $50 million, specifically allocated to support the production of these advanced systems.