Hanaco VC

Assembly Line

πŸš™ UVeye Series D Funding Round Tops $100 Million for Major Expansion in U.S.

πŸ“… Date:

πŸ”– Topics: Funding Event

🏒 Organizations: UVeye, Hanaco VC, General Motors, CarMax


UVeye, a pioneer in the development of automated vehicle-inspection systems for the auto industry, has secured $100 million in additional funding to support major new sales and manufacturing initiatives in North America. The company’s recently completed Series D investment round was led by Hanaco VC, a venture-capital firm based in New York and Tel Aviv with $1.5 billion in assets under management.

Series D funding will be used to start production of UVeye inspection systems in North America, support further sales growth in the U.S. and fuel new-market expansion efforts.

Read more at PR Newswire