Loss of life and tremendous damage to property due to technical failures discovered in the vehicle while driving (Photo: ShutterStock)
A car's brake failure always succeeds in capturing action movie viewers in suspense, but for thousands of people a year it is a horrifying and sometimes even fatal reality.
One of the well-known examples in Israel is that of parents and their 6 children who were killed, a few years ago, after they lost control of the brakes on their way down the road to Tiberias and their vehicle slid into the wadi and caught fire.
Mechanical failure in vehicles is much more common than is commonly thought and the loss of brakes is one of the most serious failures that drivers around the world experience on a daily basis.
Beyond the loss of life, this is of course also a huge financial loss borne by both the car manufacturers and the various insurance companies.
The founders of UVeye, the brothers Amir and Ohad Heber (Photo: Segev Orlev)
The data from the Federal Highway Safety Administration in the US shows that about 1 million road accidents defined as 'serious' occur every year in the US alone, as a result of mechanical failure of vehicles, and that about 45 thousand of them could have been avoided by maintenance correctness of a vehicle.
The cost of these accidents in property, human life and product loss is estimated at hundreds of billions of dollars per year.
One Israeli company decided that mechanical failures in vehicles should be a thing of the past, and began to lead the safety revolution of the automotive world, with the mobilization of automobile giants from the USA, Japan and Korea, as customers and even as investors. The company is called 'UVeye', and
its In the test that Amir Hever, one of the entrepreneurs, went under his car, when he was on his way to a sensitive government facility.
The archaic test he went through did not let his friend rest, and together with his brother Ohad, the two developed an artificial intelligence-based machine that scans the vehicles from the outside and is a kind of MRI machine for detecting bombs,
The company began its journey as a scanning solution for the interior of the vehicle in the defense market, in the field of securing access roads to sensitive facilities such as embassies, seaports and airports, banks, government offices and more, but due to receiving a demand from the market, they began to route the technology also to find mechanical faults under and around vehicles.
The company operates in the automotive field, and mainly in the vehicle testing market, which according to the data of the British market research company Allied Market Research was about 40.7 billion dollars in 2020, and is expected to be about 109.84 billion dollars in 2030, a figure that expresses a growth rate of about 10.5% year after year.
UVA currently serves rental, logistics and insurance companies, car agencies, service garages, car auction centers, car fleets of various corporations and car manufacturers from around the world, with an emphasis on the USA
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UVeye, ID card
Field of activity
: Automotive Test, Artificial Intelligence (AI)
Date of establishment
: July 2016
Founders
: Amir Hever (38) who serves as the CEO of the company, and Ohad Hever (40) the Chief Operating Officer.
Vision
: To eradicate the phenomenon of vehicle breakdowns and the accompanying mental and property damage, and to become the largest vehicle inspection company in the world.
Employees
: 180. Of which 120 are in Tel Aviv, and about 60 more in New Jersey and Ohio, USA.
The company's total fundraising since its establishment
: about 100 million dollars.
Among the investors
: Toyota, Hyundai, General Motors, Volvo, Carmax , Menorah Investment Company, and Meitav Dash and Mor Investment Houses.
Among the company's clients: American General Motors, Volvo Global, Carmax, Toyota and Hyundai.
Other companies operating in the field: Tractable, Hunter.
The CEO's statement
: "UVeye is working to create a new and uniform global standard for the way a vehicle is inspected, with the help of artificial intelligence, and we are proud of our contribution to the safety of vehicles on the road and working with the world's leading players in the automotive world. We emphasize the transparency and reliability of our tests for the benefit of consumers, car manufacturers and service
providers in the automotive world, and are constantly working to improve the user experience at every stage of the vehicle's life cycle: from production, through transportation to purchase, service and sale."
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