We are excited to announce that UVeye, the pioneering computer vision tech company, has successfully raised $380,500,000 in its most recent funding round. This significant infusion of capital underscores the growing global confidence in our innovative approach to vehicle inspection and safety. Founded in 2016 by Amir and Ohad Hever, UVeye has been at the forefront of revolutionary technology by integrating artificial intelligence with proprietary hardware to develop automated inspection systems that detect vehicle issues and security threats before they escalate. Today, with installations at over 100 highly strategic sites ranging from vehicle manufacturers and dealerships to fleet companies and sensitive security facilities such as logistical centers, energy hubs, financial institutions, and diplomatic locations, we are solidifying our commitment to transforming vehicle safety worldwide.
This latest funding will accelerate our research and development initiatives, enabling us to enhance our AI algorithms and expand the capabilities of our state-of-the-art hardware. The capital raised will also expedite scaling our operations globally, further cementing our partnerships with industry leaders like Toyota Tsusho, Volvo, CarMax, and Hyundai Motors. Our journey from a $31M Series B in 2019 to over $90M in total funding by 2021 has led us to this pivotal moment. We will use this new investment to drive innovations that not only upgrade vehicle inspections but also promote better mobility and safer roads on a grand scale. As we embark on this next chapter, UVeye remains dedicated to our mission of setting the new standard in automated vehicle inspections, ensuring every journey is a safer one.
