UVeye began as a car exam for security threats, but the Israeli startup made its step when its founders realized that computer vision systems that operate from artificial intelligence can perform more typical vehicles.
Now, the company is developing the financing strategy. Lofty Declare On Wednesday morning, the extension of 191 million dollars to the 2023 tour led by the Woven Capital Growth Fund in Toyota. The tour includes a mix of $ 41 million in stock financing – with the participation of UMC Capital and Myberg – and a $ 150 million debt facility of Trinity Capital.
“We are installed in many sites, and we get a lot of data, and we have signed some very strategic deals last year, and we now have more demand that we can already support, said CEO of Ovy and co -founder Amir Hefer told Techcrunch in an interview. “So you need to be able to finance more systems, publish more units, and the size very quickly.”
Heef said that debt includes a preliminary commitment of $ 100 million and an option for an additional $ 50 million, and UVEYE will help publish nearly 700 inspection systems in 2025.
The systems – which could exceed cars and use cameras to wipe the lower, external and internal body – were common for customers who include Amazon and Carmax (which invested in the 2023 D series), and even auto and manufacturers.
Heef said that working with these clients has affected the development of the technology and business model in Ove. The company initially focused on the formation of the lower car, because it was trying to update security checks on the side of the road. But customers are seeking the ability to examine things like wearing tires, or wiping out the external surface of the car to damage.
“It was somewhat step by step (practical) to really understand the needs of the market, how they examine vehicles today, and how we can help them to be more efficient, increase their revenues, and support our business, Hiver said.
Now, Hefler said, Yopi wipes nearly one million cars per month.
