The AI-powered vehicle inspection company UVeye has secured $191 million in combined debt and equity funding to expand its automated vehicle inspection technology across North America and Europe.
Funding breakdown: The latest capital injection combines a $41 million equity round led by Toyota’s Woven Capital and a $150 million debt facility from Trinity Capital.
- The funding brings UVeye’s total capital raised to $380.5 million
- The equity portion was spearheaded by Woven Capital, Toyota’s investment arm
- Trinity Capital structured the $150 million debt facility
Technology overview: UVeye’s system functions like an MRI for vehicles, utilizing external scanners and AI to perform comprehensive vehicle inspections in seconds.
- The system scans underneath and around vehicles while recording engine sounds
- Integrated on-board diagnostics provide additional data points
- The AI technology learns to identify model-specific issues and defects
- The system achieves a 96% detection rate for vehicle issues, compared to 24% for manual inspections
Operational advantages: The automated system addresses key limitations of traditional manual vehicle inspections, which typically take 20-30 minutes and suffer from human fatigue.
- Manual inspections are subject to inconsistency due to inspector fatigue during long shifts
- UVeye’s automated system maintains consistent inspection quality regardless of time or volume
- The technology is being deployed at Amazon distribution centers to inspect delivery vehicles upon return
- Vehicles with identified safety issues are grounded until repairs are completed
Market expansion: While UVeye, based in Teaneck, New Jersey, has primarily focused on the U.S. market, significant growth is planned for other regions.
- The company is targeting major expansion in European markets
- Plans include entry into the Japanese market in 2026
- Current clients include automakers, new and used car dealers, CarMax, auction houses, and insurance companies
Strategic implications: The substantial funding round signals growing market confidence in AI-powered vehicle inspection technology, while highlighting the increasing role of automation in vehicle maintenance and safety protocols.
- The investment from Toyota’s venture arm suggests major automaker interest in the technology
- The high detection rate compared to manual inspections could drive wider industry adoption
- The technology’s scalability and consistency could reshape vehicle inspection standards across multiple industries
Recent Stories
DOE fusion roadmap targets 2030s commercial deployment as AI drives $9B investment
The Department of Energy has released a new roadmap targeting commercial-scale fusion power deployment by the mid-2030s, though the plan lacks specific funding commitments and relies on scientific breakthroughs that have eluded researchers for decades. The strategy emphasizes public-private partnerships and positions AI as both a research tool and motivation for developing fusion energy to meet data centers' growing electricity demands. The big picture: The DOE's roadmap aims to "deliver the public infrastructure that supports the fusion private sector scale up in the 2030s," but acknowledges it cannot commit to specific funding levels and remains subject to Congressional appropriations. Why...
Oct 17, 2025Tying it all together: Credo’s purple cables power the $4B AI data center boom
Credo, a Silicon Valley semiconductor company specializing in data center cables and chips, has seen its stock price more than double this year to $143.61, following a 245% surge in 2024. The company's signature purple cables, which cost between $300-$500 each, have become essential infrastructure for AI data centers, positioning Credo to capitalize on the trillion-dollar AI infrastructure expansion as hyperscalers like Amazon, Microsoft, and Elon Musk's xAI rapidly build out massive computing facilities. What you should know: Credo's active electrical cables (AECs) are becoming indispensable for connecting the massive GPU clusters required for AI training and inference. The company...
Oct 17, 2025Vatican launches Latin American AI network for human development
The Vatican hosted a two-day conference bringing together 50 global experts to explore how artificial intelligence can advance peace, social justice, and human development. The event launched the Latin American AI Network for Integral Human Development and established principles for ethical AI governance that prioritize human dignity over technological advancement. What you should know: The Pontifical Academy of Social Sciences, the Vatican's research body for social issues, organized the "Digital Rerum Novarum" conference on October 16-17, combining academic research with practical AI applications. Participants included leading experts from MIT, Microsoft, Columbia University, the UN, and major European institutions. The conference...