Seeing Machines, an AI firm, gets £26.2M investment from Mitsubishi for growth in automotive safety tech.

Seeing Machines, a UK-based AI firm, has received a £26.2 million investment from Mitsubishi Electric Mobility, securing a 15% stake and aiming to boost growth in transport sectors. The partnership focuses on automotive safety, particularly driver and occupant monitoring technology, with plans to expand into Japan, Europe, and North America. Mitsubishi intends to increase its stake to 19.9%.

3 months ago
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