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- UVeye
UVeye Revenue, Valuation, Funding & Investors
UVeye is valued at $800M as of May 2023.
Last UVeye valuation
$800M
Series D · May 2023
Last UVeye funding round
$41M
Series D · Jan 2025
UVeye revenue
$100M
Series C · Jul 2021
Key investors in UVeye
W. R. Berkley
Menora Mivtachim
CarMax
Hanaco Venture Capital
General Motors Ventures
UMC Capital
About UVeye
UVeye is a Hod Hasharon-headquartered computer vision company developing AI-powered underbody and exterior vehicle inspection systems. Deployed at over 200 sites worldwide including car dealerships and fleets, the technology detects issues like oil leaks, tire damage, rust, and exhaust faults in seconds. Partnerships with Volvo Cars and General Motors support national dealer installations since 2022.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Licensing
Revenue
$100M (Jul 2021)
Valuation
$800M (May 2023)
Sectors
UVeye Valuation
UVeye is currently valued at $800M, based on its Series D in May 2023.
The $100M round was led by Hanaco Venture Capital, with participation from W. R. Berkley, CarMax, General Motors and General Motors Ventures.
UVeye's valuation has grown 1.6x from $500M at its Series C in July 2021 to $800M in May 2023, across 2 priced rounds.
UVeye valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| May 2023 | Series D | $800M | - |
| Jul 2021 | Series C | $500M | 5.0x |
UVeye Revenue
UVeye's latest recorded revenue is $100M, as of its Series C in July 2021. At a $500M valuation, that implies a 5.0x revenue multiple.
UVeye revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jul 2021 | $100M | $500M | 5.0x | Series C |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
UVeye Funding History
UVeye has raised a total of $237M across 5 funding rounds.
UVeye's first fundraising round was a $5M seed round in July 2017. The most recent completed round was a $41M Series D in January 2025.
UVeye funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2025 | Series D | Woven Capital (lead); W. R. Berkley; More Provident Funds; MyBerg; UMC Capital; Menora Mivtachim | $41M | - | UVeye develops AI-driven vehicle inspection technology using computer vision and machine learning to detect issues in vehicles rapidly, serving dealerships, auction houses, fleet operators, automotive manufacturers, insurance companies, and partners like Amazon across North America, Europe, and Asia. The company announced a $191 million funding package on January 29, 2025, comprising $41 million in equity led by Woven Capital (Toyota's growth fund) with participation from UMC Capital, MyBerg, and existing investors W.R. Berkley, Menora Mivtachim, and More Investment House, plus a $150 million debt facility structured by Trinity Capital (initial $100 million commitment, option for $50 million more). The funding aims to meet surging global demand, with UVeye nearing 1 million vehicles scanned monthly, planning hundreds of new 2025 installations for dealerships, fleets, car manufacturers, rental services, manufacturing lines, and seaports. Key traction includes a significant Amazon agreement covering 850 distribution sites for inspecting returning vehicles, alongside other agency contracts and growth in customers. CEO Amir Hever noted the company's business model involves financing systems with monthly customer payments, favoring debt to minimize dilution during this growth phase. UVeye, founded in 2016 by brothers Amir and Ohad Hever and headquartered in Teaneck, N.J., originally focused on security threat detection but pivoted to comprehensive vehicle inspections, positioning it as a market leader redefining standards with over 200 global installations. Investors like Woven Capital highlight its role in modernizing automotive service through transparency and insights, supporting expanded production, global scaling, and strategic partnerships amid strong market appetite. |
| May 2023 | Series D | Hanaco Venture Capital (lead); W. R. Berkley; CarMax; General Motors; General Motors Ventures | $100M | $800M | UVeye develops automated vehicle-inspection systems using AI, computer vision, and machine learning to detect damage and mechanical issues, targeting automakers, dealerships, used-car auctions, and fleets. The company, founded in 2016 and headquartered in Teaneck, New Jersey, with offices in Tel Aviv, Japan, Germany, and the US, secured a Series D funding round of $100 million on May 9, 2023, led by Hanaco Venture Capital, with participation from General Motors Ventures, CarMax, W.R. Berkley Corporation, F.I.T. Ventures L.P., and Israeli institutional investors. This round brought total funding to $200 million and valued the company at more than $800 million. Funds were allocated to launch manufacturing in North America, drive US sales growth, and expand into new markets. UVeye has established strategic partnerships with major players including General Motors, Volvo Cars USA, and CarMax, integrating its systems into their wholesale networks. By 2023, it had commercial agreements with over 5,000 US car dealerships, used-car auction providers, and fleets, with plans to install thousands of inspection systems in the next 2-3 years to achieve exponential sales growth. The technology supports predictive maintenance for increasingly complex electric and autonomous vehicles. Hanaco VC partner Lior Prosor highlighted UVeye's positioning as the category leader in automated vehicle inspection, an emerging market poised to transform the auto industry. CEO Amir Hever emphasized the investor confidence enabling scaling to thousands of US sites. A later extension to the Series D in 2024 added $191 million led by Woven Capital, bringing total funding to $380.5 million, but this is distinct from the May 2023 round. |
| Jul 2021 | Series C | Meitav Investment House (lead); Menora Mivtachim (lead); CarMax | $60M | $500M | UVeye develops AI-powered, high-speed vehicle inspection systems originally for security to detect explosives under vehicles, later adapted for automotive uses like assembly line quality control, dealership maintenance, and used-car auctions to identify flaws, anomalies, and mechanical issues using proprietary algorithms, machine learning, sensor fusion, cloud architecture, underbody scanners, tire analyzers, and 360-degree exterior detection. In July 2021, UVeye raised $60 million in a Series C funding round led by Epsilon Underwriting & Issuing, with participation from Meitav Dash Investments, Menora Mivtachim Holdings, Y.D. More Investments, CarMax, W.R. Berkley Corporation, and F.I.T. Ventures. The round valued the company at an estimated $500 million post-money according to The Banks Report citing the 2021 raise, while an anonymous source in Insurance Journal placed it between $300 million and $500 million. This brought total funding since 2016 to over $90 million at the time, supporting global expansion in North America, Europe, Asia Pacific including offices in Israel, Japan, Germany, and the U.S. Strategic partnerships with General Motors, CarMax, Volvo Cars, Hyundai Motors, and Toyota Tsusho enabled deployment in over 5,000 dealerships by 2023. The funds aimed to standardize inspections at dealerships, auctions, and fleets while scaling operations. Subsequent developments include a 2023 Series D raising $100 million led by Hanaco VC valuing UVeye between $800 million and $1 billion, and a 2025 funding extension of $191 million (including $41 million equity led by Woven Capital and $150 million debt) bringing total capital to $380.5 million, with monthly scans approaching one million vehicles and plans for hundreds more systems. |
| Jul 2019 | Series A | Toyota Tsusho (lead); Volvo Cars Tech Fund (lead); W. R. Berkley (lead) | $31M | - | UVeye is an Israeli AI startup developing advanced 3D vehicle scanning technology for automatic external inspections, detecting anomalies like dents, scratches, oil leaks, tire defects, and security threats such as bombs. The company's drive-thru systems use computer vision and machine learning for rapid, non-contact scans of vehicles, targeting automotive OEMs, dealerships, used-car auctions, fleets, and insurance applications. Strategic partnerships include Daimler, Skoda, and integrations planned with Toyota Tsusho for Japanese used-car centers and Volvo for factory, dealership, and aftermarket use. On July 22, 2019, UVeye announced a $31 million funding round led by Toyota Tsusho, Volvo Cars Tech Fund, and W.R. Berkley Corporation, with participation from returning investor F.I.T. Ventures. This brought total capital raised since 2017 to approximately $35 million ($4 million prior + $31 million new). The investments signal strong industry validation from automotive, trading, and insurance sectors, with Toyota Tsusho aiding Japanese market distribution, Volvo deploying for whole-lifecycle quality control, and Berkley exploring models for vehicle registrations, claims processing, and security. CEO Amir Hever highlighted the round as paving the way for UVeye to become the automotive inspection standard. The technology's traction is evident in OEM pilots and low capital efficiency prior to this raise, positioning UVeye for global expansion in vehicle safety and efficiency. |
| Jul 2017 | Seed | Ahaka Capital (lead); SeedIL Ventures | $5M | - | UVeye raised $4.5 million in a seed round in July 2017 led by Ahaka Capital, with participation from Israeli angel investors including SeedIL Ventures. The New York-based startup develops automatic vehicle inspection systems using AI and computer vision technology. |
Who has invested in UVeye?
15 investors have backed UVeye across its funding rounds, including W. R. Berkley, Menora Mivtachim, CarMax, Hanaco Venture Capital, General Motors Ventures and UMC Capital.
Lead investors include Woven Capital, Hanaco Venture Capital, Meitav Investment House, Menora Mivtachim, Toyota Tsusho and 3 other investors.
UVeye Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Jul 2019 | ||
| 2 | Lead | Jul 2021 | ||
| 2 | Participant | Jul 2021 | ||
| 1 | Lead | Jul 2019 | ||
| 1 | Participant | Jan 2025 | ||
| 1 | Participant | Jan 2025 | ||
| 1 | Participant | Jan 2025 | ||
| 1 | Lead | May 2023 | ||
| 1 | Participant | May 2023 | ||
| 1 | Participant | May 2023 | ||
| 1 | Participant | Jul 2017 | ||
| 1 | Lead | Jul 2019 | ||
| 1 | Lead | Jan 2025 | ||
This data is available for Pro users. Sign up to see all 15 UVeye investors. Start Free Trial | ||||
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Start Free TrialUVeye Competitors
UVeye competitors include listed companies like IDOM, Auto Nejma and Ali Alghanim & Sons Group, and private ones like ki Mobility Solutions, Huasheng Haoche and Shlomo Group (car and credit unit).
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $3.6B | $147M | $797M | 0.3x | ||
| Private | $129M | - | $842M | 6.5x | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $444M | $58M | $607M | - | ||
| Publicly listed | $965M | $164M | $1.2B | - |
UVeye Public Comps
UVeye is still privately-owned, but its public comps include IDOM, Auto Nejma, Ali Alghanim & Sons Group, RideNow Group, Auto Hrvatska, Zeda, Tokic, Carma, Vroom and Driven Brands.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $3.6B | $147M | 0.4x | 0.3x | 9.0x | 7.8x | |||
| $444M | $58M | 1.4x | - | 10.7x | - | |||
| $965M | $164M | 1.4x | - | 8.0x | - | |||
| $1.1B | $9M | 0.7x | 0.7x | 83.6x | 15.0x | |||
| $322M | $27M | 0.5x | - | 6.5x | - | |||
| $655M | $167M | 0.9x | 1.0x | 3.5x | 3.0x | |||
| $287M | $20M | 0.5x | - | 6.8x | - | |||
| $51M | ($18M) | 1.3x | 0.7x | (3.7x) | (3.4x) | |||
This data is available for Pro users. Sign up to see all UVeye competitors and their valuation data. Start Free Trial | ||||||||
Common questions about UVeye
| When was UVeye founded? | UVeye was founded in 2016. |
| Where is UVeye headquartered? | UVeye is headquartered in Teaneck, NJ, United States. |
| Is UVeye publicly listed? | No, UVeye is a private, VC-backed company. |
| What is UVeye's valuation? | UVeye was last valued at $800M in its Series D in May 2023. |
| How much funding has UVeye raised? | UVeye has raised $237M across 5 funding rounds. |
| What was UVeye's last funding round? | UVeye's last funding round was a $41M Series D in January 2025, led by Woven Capital. |
| Who are UVeye's investors? | UVeye's investors include W. R. Berkley, Menora Mivtachim, CarMax, Volvo Cars Tech Fund, More Provident Funds, MyBerg, UMC Capital, Hanaco Venture Capital, General Motors, General Motors Ventures and 5 others. |
| What is UVeye's revenue? | UVeye's latest recorded revenue is $100M (July 2021). |
| What is UVeye's revenue multiple? | UVeye's latest valuation implies a 5.0x revenue multiple ($500M valuation on $100M of revenue). |
| Which companies are comparable to UVeye? | Companies comparable to UVeye include IDOM, ki Mobility Solutions, Huasheng Haoche, Shlomo Group (car and credit unit), Auto Nejma and Ali Alghanim & Sons Group. |
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