Volvo taps Israeli tech startup for automated inspection systems in US

Founded in 2016, UVeye developed an AI-powered scanner that can run full inspections of vehicles in minutes, the company says

Ricky Ben-David is The Times of Israel’s Tech Israel editor and reporter.

Israeli startup UVeye develops automated inspection systems for vehicles. (Daniel Byrne)
Israeli startup UVeye develops automated inspection systems for vehicles. (Daniel Byrne)

Israeli company UVeye, a tech startup that develops automated inspection systems for vehicles, has been tapped by Swedish automaker Volvo to provide US retailers with its artificial intelligence-powered, camera-based platform for vehicle inspections.

The systems will be installed at select retailers on the East Coast, UVeye said in an announcement Thursday, and the company hopes to expand to include most of Volvo’s 280 independent retail locations across the US.

Founded in 2016, UVeye says its drive-through systems can detect external and mechanical flaws in minutes, as well as identify modifications or foreign objects, both along the exterior of the vehicle and in the undercarriage. The system uses machine learning and sensor technologies to create an inspection device for the automotive and homeland security industries. The company says the scanning process can enhance the efficiency of vehicle inspections on assembly lines, at car dealerships and auctions, and at security checkpoints.

UVeye is based in Tel Aviv with offices in Ohio and has raised some $95 million since it was established with investors including Volvo, Hyundai, and Toyota as well as CarMax, a used vehicle retailer based in the US, insurance company W.R. Berkley Corporation, and Montreal-based equity fund F.I.T. Ventures.

Volvo first invested in UVeye in 2019, and has since installed the company’s inspection scanners on its assembly lines for quality assurance, according to the announcement.

“This is a homerun for Volvo Cars and our retailers,” said Rick Bryant, the vice president for sales operations at Volvo Car USA. “UVeye’s automated systems will add a new level of credibility to the inspection process for us, for our retailers and for our customers.”

Bryant said Volvo Cars sees opportunities for “all sorts of applications” for UVeye’s technology, including its use for vehicle trade-in appraisals, general testing for “vehicle health,” and with service technicians who can then “expedite maintenance and repair work.”

“An automated system can help resolve problems,” Bryant says. “It shows the vehicle’s actual condition. The result is that customers will be able to see flaws such as a rusty tailpipe that they didn’t know about. And they’ll also know the retailer is being upfront with them.”

UVeye’s chief strategy officer, David Oren, said “Volvo Cars and its retailers are clearly interested in capabilities and technology that add up to better service for their customers. Volvo Cars stands out for its commitment to safety and its strong engagement with customers.”

read more:
Never miss breaking news on Israel
Get notifications to stay updated
You're subscribed