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Automated Vehicle Inspection Firm UVEye Adds $100M in Financing

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UVEye, a computer vision company and developer of automated vehicle-inspection systems, has secured $100 million in funding to support sales and manufacturing initiatives in North America and fuel new-market expansion efforts. UVEye's suite of scanning solutions are powered by artificial intelligence and proprietary hardware. The company’s offerings are used to perform comprehensive inspections, specifically of a vehicle’s undercarriage, tires, full body, and interior. According to the company, its systems have been installed at over 100 sites, including vehicle...Read full article

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    Published: May 2023
    Glossary
    machine vision
    Machine vision, also known as computer vision or computer sight, refers to the technology that enables machines, typically computers, to interpret and understand visual information from the world, much like the human visual system. It involves the development and application of algorithms and systems that allow machines to acquire, process, analyze, and make decisions based on visual data. Key aspects of machine vision include: Image acquisition: Machine vision systems use various...
    computer vision
    Computer vision enables computers to interpret and make decisions based on visual data, such as images and videos. It involves the development of algorithms, techniques, and systems that enable machines to gain an understanding of the visual world, similar to how humans perceive and interpret visual information. Key aspects and tasks within computer vision include: Image recognition: Identifying and categorizing objects, scenes, or patterns within images. This involves training...
    Businessfundingstartupmachine visioninspectionvehiclecomputer visionSeries Dfinancingfunding roundAmericasIsraelUVEyeThe News Wire

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