TEANECK, NJ, UVeye, a global leader in AI-driven vehicle inspection technology, announced $191 million of funding, bringing total capital raised to date to $380.5 million.
TEANECK, NJ, UVeye, a global leader in AI-driven vehicle inspection technology, announced today $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 surging global demand for its innovative systems and solidify its position as the market leader in the industry 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.
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