Sunday, February 28, 2021

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UVeye: Receives Strategic Investment from Hyundai Motor Company USA

  • UVeye, a Tel Aviv, Israel-based developer of automated vehicle-inspection systems, secured strategic investments from Hyundai Motor Company and several other investors
  • The company also intends to use the funds to accelerate its global expansion plans
  • Hyundai’s investment part of an ongoing plan to make use of UVeye’s products and platforms at various locations across its operations globally
  • Led by Amir Hever, CEO and co-founder, UVeye provides inspection systems for use in both the homeland security and automotive fields
  • The company’s solutions can used throughout the lifecycle of a vehicle, from supplier and OEM assembly lines to new-car showrooms, dealership service departments
  • They utilize a combination of proprietary algorithms, cloud architecture, artificial intelligence, machine learning and sensor fusion technologies

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