Volvo Cars has made investments in two promising Israeli technology start-ups through the Volvo Cars Tech Fund, the company’s venture capital investment arm.Both UVeye and MDGo have their headquarters in Tel Aviv, where Volvo Cars has been involved with DRIVE, a so-called ‘accelerator’ for young companies in the mobility sector, since 2017. They represent the Tech Fund’s first investments outside the US and Europe.
Tel Aviv-based MDGo specializes in what it calls medical artificial intelligence, using machine-learning technology to diagnose injuries incurred in crashes.
UVeye, also from Tel Aviv, has developed advanced technology for automatic external inspection and scanning of vehicle bodies for damage, dents and scratches.
UVeye, also from Tel Aviv, has developed advanced technology for automatic external inspection and scanning of vehicle bodies for damage, dents and scratches.
