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Hyundai invests in startup for automated vehicle inspection system
TIWN
Hyundai invests in startup for automated vehicle inspection system
PHOTO : TIWN

Seoul, Jan 23 (TIWN) South Korean automaker Hyundai Motor has invested in Israeli startup UVeye, a developer of automated vehicle inspection systems, to use its platform in global production lines.

The Tel Aviv-based UVeye said it has raised more than $40 million from Hyundai Motor and other strategic investors since its launch four years ago, without disclosing financial terms due to the confidentiality agreement.   "We are especially proud to be partnering with Hyundai Motor Company and to be working together with them on exciting projects around the world that enable quick and efficient inspection of vehicles using deep learning and computer vision," Amir Hever, CEO and co-founder of UVeye, said late on Wednesday.

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