TEL AVIV -

UVeye, an automated vehicle-inspection systems developer, announced a $60 million Series C funding Wednesday that includes investment from CarMax, W.R. Berkley Corporation and F.I.T Ventures, along with a group of Israeli institutional investors.

Prior investors include the likes of Volvo Cars, Hyundai Motors and Toyota Tshusho.

W.R. Berkley, also a prior investor, is a North American commercial insurance firm. F.IT. Ventures is a Montreal-based investment firm.

The Israeli institutional investor group was led by Epsilon Underwriting & Issuing and also included Meitav Dash Investments, Menora Mivtachim Holdings and Y.D. More Investments.

The latest round puts its total investment above $90 million.

“The completion of Series C funding represents a significant step forward for UVeye and our plans to expand in Europe and the United States,” UVeye chief executive officer and co-founder Amir Hever said in a news release. “We have a strong team of investors and corporate partners to help us set new quality standards for vehicle inspection across a broad range of industries.”

UVeye’s facilities are located in North America, Europe and Asia Pacific. It has offices in Israel, Japan, Germany and the U.S.

UVeye has set up partnerships with dealer groups, auto auctions and vehicle fleets.

W.R. Berkley president and CEO W. Robert Berkley, Jr. said in the release: “We initially invested in UVeye when we saw their revolutionary technology in action and met the team that brought it to life.

“UVeye’s unmatched solution for standardizing automotive inspections has resulted in well-deserved global recognition, and as one of the largest commercial auto insurers in the U.S. we see enormous untapped potential for UVeye in our business as well. We congratulate the UVeye team for reaching this important milestone.”