UVeye has completed a Series-B finance round, raising an additional $31 million. Leading the company’s latest funding round were: Toyota Motors, Volvo, and W.R. Berkley, an American Insurance company. Until now, UVeye had raised $35 million. Toyota also announced it would begin using UVeye products at a number of its locations worldwide.
UVeye has developed a system that automatically scans the exterior of a car for damage. Thanks to UVeye technology, car rental companies and other fleet operators will obviate the need for a manual inspections of cars. UVeye was founded in 2016.