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UVeye Secures $60M in Series C Funding


, a Tel Aviv, Israel-based supplier of high-speed vehicle inspection systems for the auto industry, raised $60m in Series C funding.
Backers included CarMax, W.R. Berkley Corporation, F.I.T. Ventures, and group of Israeli institutional investors led by Epsilon Underwriting & Issuing, and including Meitav Dash Investments, Menora Mivtachim Holdings and Y.D. More Investments. 
The company intends to use the funds for its global expansion plans.
Founded in 2016 by Amir Hever, CEO, UVeye offers automated vehicle-inspection systems based on advanced artificial intelligence and machine learning technologies for both the automotive and homeland security industries.
UVeye systems utilize a combination of proprietary algorithms, cloud architecture, artificial intelligence, machine learning and sensor fusion technologies.  The company’s drive-through systems can detect any external or mechanical flaw and identify anomalies, modifications or foreign objects from under ....

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