Seeing Machines Limited has raised funds
December 2017 — Seeing Machines Limited has successfully raised US$44 million via an equity placing to accelerate its product development programs.
Seeing Machines harnesses human factors science to create artificial intelligence (AI) technology that observes the driver’s attention – reliably, unobtrusively and in real-time – and intervenes seamlessly when necessary. With the world’s most holistic and integrated approach to driver safety technology, Seeing Machines is dramatically reducing transport-related accidents every day by mitigating some of the key risks involved, to make the world a safer place. Underpinned by more than 20 years of scientific research into human behavior in real-time, conducted in real-world scenarios, Seeing Machines has developed the world’s most advanced AI-driven safety technology. This technology is the bedrock that enables new forms of intelligent machines to see, understand, assist and ultimately protect people who are using them. The holistic-driver monitoring technology solution from Seeing Machines provides flexibility, scalability and integration optionality across a range of platforms.
Our role in the transaction
Oaklins Cavendish’s sister firm finnCap, based in the UK, advised Seeing Machines Limited on its successful equity fundraising.
Talk to the deal team
Related deals
7BidCo has completed the sell-out procedure for the shares of STAR7
7BidCo S.p.A. has completed the sell-out procedure for 8.5% of STAR7 S.p.A.’s shares.
Learn moreAlba has completed a voluntary public tender offer for the shares of Borgosesia
Alba S.r.l. has completed a voluntary public tender offer for 100% of the shares of Borgosesia S.p.A.
Learn moreMoneybox’s employee share sale has set another milestone for London’s Private Securities Market
The London Stock Exchange’s Private Securities Market (PSM) continues to demonstrate its potential as a venue for providing shareholder liquidity in high-growth private companies. Following the successful employee share sale for autonomous driving pioneer Wayve earlier this month, fintech leader Moneybox has completed a US$61 million (£45 million) employee liquidity event through the PSM. By structuring the transaction as an employee liquidity event, long-serving employees with vested equity have been able to realize some of the value they helped create while enabling Moneybox to remain private and continue its growth journey. Crowdcube managed the employee seller and investor participation process.
Learn more