UVeye, a developer of AI-driven vehicle inspection technology, has raised $191 million in additional 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 $41 million in equity financing; Trinity Capital structured the $150 million debt facility. [Read more…] about UVeye secures $191 million extra funding from investors including Toyota