What started out in 2016 as a security technology that scanned vehicles for weapons and explosives at international border checkpoints has been transformed into what some in the auto industry are calling "game-changing" technology for dealers and manufacturers.
Companies such as General Motors, Volvo, Toyota, Hyundai and CarMax — plus investors not affiliated with the auto industry — are lining up to invest in UVeye because they see the benefit for their business.
CEO Amir Hever, who developed the technology and co-founded the company, originally sought to supply the security industry with an alternative to mirrors on long handles used to inspect vehicle undercarriages for explosives. He created a camera-based, high-speed system equipped with artificial intelligence and machine-learning technologies.
At the checkpoints, the founders noticed that as more vehicles were scanned, the more the technology detected wear and tear on under…