UVeye announced a $191 million extension to its Series D on January 29, 2025—but only $41 million was equity. The other $150 million was a debt facility arranged by Trinity Capital, with a $100 million initial commitment and an option for another $50 million. Toyota growth fund Woven Capital led the equity financing. The announcement brought UVeye’s reported total funding to $380.5 million.
What is the $191 million UVeye funding round?
It was an extension of UVeye’s 2023 Series D, announced January 29, 2025. The headline total combines two different forms of financing, not $191 million in new equity:
| Financing component | Amount and terms |
|---|---|
| Equity financing | $41 million, led by Woven Capital, Toyota’s growth fund. The announcement also named UMC Capital and MyBerg among participants, along with existing investors. |
| Debt facility | $150 million, structured by Trinity Capital. It included a $100 million initial commitment and an option for an additional $50 million. |
| Total announced extension | $191 million, combining the equity financing and debt facility. |
| Total funding reported by UVeye after the extension | $380.5 million, according to the company’s January 29, 2025 announcement. |
UVeye’s January 29, 2025 announcement set out the financing split and stated uses. TechCrunch’s contemporaneous coverage reported the same split and described the debt as intended to help fund a target of close to 700 system deployments in 2025. That figure was a management target, not a verified installation count.
What does UVeye do?
UVeye sells and installs automated vehicle-inspection systems for commercial operators. Its equipment uses imaging and AI to identify visible conditions in areas such as a vehicle’s underbody, tires, and exterior. UVeye’s product descriptions also include an interior-scanning system, but a particular installation should not be assumed to scan every area.
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- CEL Doctor: The ANCEL AD310 is one of the best-selling OBD II scanners on the market and is recommended by Scotty Kilmer, a YouTuber and auto mechanic. It can easily determine the cause of the check engine light coming on. After repairing the vehicle's problems, it can quickly read and clear diagnostic trouble codes of emission system, read live data & hard memory data, view freeze frame, I/M monitor readiness and collect vehicle information
- Sturdy and Compact: Equipped with a 2.5 foot cable made of very thick, flexible insulation. It is important to have a sturdy scanner as it can easily fall to the ground when working in a car. The AD310 OBD2 scanner is a well-constructed mechanic tool with a sleek design. It weighs 12 ounces and measures 8.9 x 6.9 x 1.4 inches. Thanks to its compact design and light weight, transporting the device is not a problem. The buttons are clearly labelled and the screen is large and displays results clearly
- Accurate Fast and Easy to Use: The AD310 scanner can help you or your mechanic understand if your car is in good condition, provides exceptionally accurate and fast results, reads and clears engine trouble emission codes in seconds after you fixed the problem. This device will let you know immediately and fix the problem right away without any car knowledge. No need for batteries or a charger, get power directly from the OBDII Data Link Connector in your vehicle
- OBDII Protocols and Car Compatibility: Many cheap scan tools do not really support all OBD2 protocols. AD310 scanner as it can support all OBDII protocols such as KWP2000, J1850 VPW, ISO9141, J1850 PWM and CAN. This device also has extensive vehicle compatibility with 1996 US-based, 2000 EU-based and Asian cars, light trucks, SUVs, as well as newer OBD2 and CAN vehicles both domestic and foreign. Pls confirm with our customer service whether it is compatible with your vehicle before purchasing
- Home Necessity and Worthy to Own: This is an excellent code reader to travel or home with as it weighs less and it is compact in design. You can easily slide it in your backpack as you head to the garage, or put it on the dashboard, this will be a great fit for you. The AD310 is not only portable, but also accurate and fast in performance. Moreover, it covers various car brands and is suitable for people who just need a code reader to check their car
The company’s “MRI for cars” phrase is an analogy for rapid, image-based inspection—not literal medical imaging and not a way to see through a vehicle’s body. The scans create visual evidence that operators can use in processes such as maintenance, appraisal, service conversations, logistics, and quality control. UVeye describes its systems as scanning in seconds and offering real-time reporting and integrations; those are vendor descriptions, not independent performance guarantees.
How does UVeye’s vehicle scanner work, and what can it detect?
A vehicle passes through installed scanning equipment, which captures images of supported areas for software analysis. UVeye’s public product descriptions identify several systems and inspection areas:
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- [Affordable] + [Reliable Car Health Monitor] Will you be confused what happens when the warning light of ABS/SRS/transmission/check engine flashes? Instead of taking your cars to dealership, this FOXWELL scanner will help you do a thorough scanning and detection for your cars and pinpoint the root cause. Note：The device is a diagnostic tool, not a repair tool. To turn off a warning light, you must first physically repair the issue causing it. Only then can the scanner be used to clear the corresponding fault code.
- [5 in 1 Car Diagnostic Scanner] Compared with obd scanners (50-100), NT604 Elite code scanner not only includes their OBDII diagnosis but also serves as ABS/SRS scanner, transmission and check engine code reader. When it’s an odb2 scanner, you can use it to check if your car is ready for annual test through I/M readiness menu. In addition, live data stream, built-in DTC library, data play back and print, all these features are a big plus for it. Note: doesn't support maintenance functions like reset or relearn. For the SRS system, NT604 Elite can read and clear common fault codes not caused by a crash, but crash/collision data cannot be cleared.
- [Fantastic AUTOVIN] + [No extra software fee] Through the AUTOVIN menu, this NT604 Elite car scanner allows you to get your V-IN and vehicle info rapidly, no need to take time to find your V-IN and input one by one. What's more, the NT604 Elite ABS SRS scanner supports 60+ car brands from worldwide (America/Asia/Europe). You don’t need to pay extra software fee. AUTOVIN may not work on some older vehicles or certain vehicle brands. If AUTOVIN fails, please input the vin code manually or go to the Diagnostic Menu to select your vehicle model.
- [Solid protective case KO plastic carrying bag] + [Lifetime update] Almost all same price-level car scanner diagnostic tool only offers plastic bag to hold the scanner.However, NT604 Elite automotive scanner is equipped with solid protective case, preventing your obd2 scanner from damage. Then you don’t need to pay extra money to buy a solid toolbox.
- Underbody: the Helios system scans the underside, where visual inspection can identify anomalies or damage.
- Exterior: the Atlas system is described as detecting visible exterior damage.
- Tires: the Artemis system analyzes tires for visible issues.
- Interior: the Apollo tool is listed by UVeye as an interior-scanning product.
Coverage depends on the equipment and deployment. The company’s public materials do not establish that every installation includes every scanner, or that every system will detect every issue. This is visual inspection of accessible surfaces, not a comprehensive mechanical diagnosis or an X-ray-like view inside components.
Who uses UVeye vehicle-inspection systems?
UVeye markets its equipment to organizations that handle vehicles at scale, including dealerships, fleet and leasing operators, auctions, rental companies, automakers, heavy-duty vehicle operators, and finished-vehicle logistics businesses. A scan can support a different workflow depending on the setting—for example, checking a vehicle on a dealership service lane, assessing condition for remarketing, or inspecting vehicles moving through a port.
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- Understand Your Check Engine Light – The ANCEL AD410 OBD2 scanner helps everyday drivers quickly read and clear engine-related fault codes, view code definitions, and understand why the check engine light is on before visiting a repair shop. With 42,000+ built-in DTC lookups, this car code reader helps reduce guesswork and makes basic vehicle diagnostics easier for beginners and DIY users
- Full OBD2 Diagnostics Made Simple – More than a basic engine code reader, this OBD2 scanner diagnostic tool supports key OBDII functions including reading/clearing codes, live data, freeze frame, I/M readiness, O2 sensor test, EVAP test, vehicle information, and MIL status. It helps you check your car’s condition, verify repairs after the issue is fixed, and communicate with mechanics more confidently
- Live Date & Real-time Vehicle Insights – View real-time engine data such as RPM, coolant temperature, fuel trim, oxygen sensor readings, and other available OBD2 parameters directly on the screen. These live data readings help you better understand how your vehicle is running, spot abnormal patterns, and make more informed repair decisions instead of relying only on a warning light
- Smog Check Readiness At A Glance – Use the I/M readiness function before a smog check or emissions inspection to see whether your vehicle’s monitors are ready. This OBD2 code scanner helps you confirm if recent repairs have brought the system back to a ready state, reducing the chance of failed inspections, retests, wasted trips, and unnecessary inspection fees
- Works With Most OBD2 Vehicles – Compatible with most 1996 and newer U.S.-based OBD2 cars, SUVs, and light trucks, as well as many 2000 and newer EU/Asian OBD2 vehicles. Supports major OBDII protocols including CAN, ISO9141, KWP2000, J1850 VPW, and J1850 PWM. This automotive diagnostic scanner is designed for wide vehicle coverage; please check compatibility with your vehicle before purchase
UVeye’s timeline and press materials name commercial relationships and integrations involving Amazon fleet operations, Hertz airport locations, vAuto, Jaguar Land Rover port inspections, Dealer Tire, and MyKaarma. These examples show the range of sectors and workflows involved; they do not, by themselves, establish the current scope or status of each relationship.
What does the funding say about UVeye’s plans?
UVeye said the financing would support expansion in Japan, the UK, Europe, and North America; increased manufacturing capacity; and broader deployments. In January 2025, it also said it planned hundreds of additional installations that year and intended to work with automakers on manufacturing-line inspection. These were forward-looking company plans. The financing announcement does not confirm how many installations were ultimately completed.
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- Multi-Functions - Practical Multi-Functions OBD2 code reader features built-in OBD2 DTC lookup library, which help you to determine the cause of the engine light, read code, erase code, view freeze frame, I/M ready, vehicle information, data flow, real-time curve, get vehicle speed information, calculate load value, engine coolant temperature, get engine speed.
- Wide Capability - Supports 9 protocols compatible with most 1996 US-Based, 2000 EU-Based and Asian cars, and newer OBD II & CAN domestic or import vehicles. Supports 6 languages - English,German, Dutch, Spanish, French, Italian.
- 2.8" LCD Display - Designed with a clear display 2.8" Large LCD screen - white backlight and contrast adjustment. No need any battery or charger, OBD reader gets the power directly from your vehicle through the OBDII Data Link Connector.
- Compact Design - Car diagnostic scanner is equipped with a 2.5 feet long cable and made of a very thick flexible insulator.There are 6 buttons on OBD2 Scanner:scroll up/down,enter/exit and buttons that quick query VIN vehicle number& the DTC fault code.
- ABS / Airbag codes NOT Supported - It is able to read and clear check engine information which is part of OBDII system, but it cannot work with non-OBDII systems, including ABS / Airbag / Oil Service Light, etc.
UVeye’s current About page reports more than 700 customer locations, 5.2 billion images analyzed annually, and more than 3 million scans per month. These are undated company-reported figures; the page does not provide a dated methodology or independent audit alongside them. They should not be treated as verified deployment totals or as evidence that the announced 2025 target was met.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Why the “MRI for cars” label needs context
The phrase conveys the idea of a fast, standardized visual scan, but it can overstate what the system does if read literally. The documented products inspect visible surfaces and areas, and the configuration varies. Their role is to help an organization record and review vehicle condition—not to replace a mechanic’s diagnosis or establish the condition of hidden internal parts.
Quick Recap
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- 【Diagnose Check Engine Light in Seconds – No Mechanic Needed】The FOXWELL NT301 OBD2 scanner instantly reads & clears engine fault codes (DTCs) with one click. Simply plug into the 16-pin DLC port, turn ignition on, and get accurate results within seconds—No prior car knowledge required. Save hundreds on dealership fees by knowing exactly what’s wrong before you visit a shop. The #1 choice car scanner for DIYers and car owners who want to take control of their vehicle’s health
- 【Clear & Reset CEL with Confidence】Unlike cheap code readers that just erase codes temporarily, NT301 works like all professional vehicle code readers: It clears the check engine light only after you’ve fixed the underlying issue. If the problem isn’t fully repaired, the fault code will reappear. So you’ll never get a false pass. Use the foxwell scanner to verify your repair work and drive with peace of mind
- 【Sm-og Check Helper – Know Your Pass/Fail Status Before the Test】With dedicated one-click I/M readiness hotkeys and a simple Red-Yellow-Green LED indicator, you’ll instantly know if your vehicle is ready for annual testing. Built-in speaker provides clear audio feedback. No guesswork—just confidence before you head to the test center. One less thing to worry about when inspection day comes
- 【Advanced OBDII Modes – O- 2 Sensor & EVAP Testing】NT301 go beyond basic code reading with enhanced OBD2 modes. Run an EVAP system check to assess fuel tank condition, and use the O- 2 sensor test to optimize air-fuel ratio, boosting fuel economy, cutting em- issions, and saving you money at the pump. The code reader for cars and trucks is like having a mini em-issions lab in your glove box
- 【Live Data Graphing – Spot Engine Issues in Real Time】View and log live sensor data in easy-to-read graphs with this OBD2 scanner diagnostic tool. Monitor ox- ygen sensors, fuel trims, coolant temperature, RPM, and more to spot suspicious values instantly. This obd scanner gives you professional-grade insight without the pro price tag—a feature you won’t find on basic $20 car code readers
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
