Other existing investors participating in the round included W.R. Berkley Corp., FIT Ventures and Israeli institutional investors.
UVeye, based in New Jersey and Tel Aviv, provides hardware and software that it says work like an MRI machine for cars. Its scanners can be used to detect problems like leaks and frame damage, and can conduct fast checks of tires and tire pressure.
UVeye has commercial agreements with automakers, dealership groups and used-car auction companies.
The company plans to use the latest cash influx to start production of its inspection systems in North America and to
boost sales growth in the US, as well as to expand into new markets.
