Seeing Machines Enters Key Collaboration With Magna, Includes Us$65 Million Investment Through An Exclusivity Arrangement And Convertible Note
Amount Raised
$65 Million
Round Type
Convertible Note
FyshwickManufacturingInformation TechnologySecurityAutomotiveDescription
Seeing Machines Limited (LSE: SEE), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, announced an exclusive collaboration agreement ("Agreement") with Magna International ("Magna"), to pursue driver and occupant monitoring system business targeting the vehicle's interior rear-view mirror. At the same time, Magna is also providing significant additional investment in the Company through a Convertible Note.
Quick answer
Seeing Machines raised $65 Million in a Convertible Note round, dated October 6, 2022. Seeing Machines is based in Fyshwick, Australian Capital Territory, Australia.
- How much did Seeing Machines raise?
- Seeing Machines raised $65 Million in a Convertible Note round on October 6, 2022.
- What does Seeing Machines do?
- Seeing Machines is a global company headquartered in Canberra, Australia delivering safety technology to transport industries across the world.
- Where is Seeing Machines based and how big is it?
- Seeing Machines is based in Fyshwick, Australian Capital Territory, Australia. Fundz records about 430 employees.
- Who are the decision-makers at Seeing Machines?
- Fundz holds 1 contact at Seeing Machines. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Security and Automotive around the same time
Companies in the same sectors as Seeing Machines that raised within 45 days of this round, from Fundz verified event records.
- Mullen Automotive raised an undisclosed amount (Funding Round) on November 17, 2022.
- Lion Electric Company raised an undisclosed amount (Funding Round) on November 9, 2022.
- SKYX Platforms raised $653K on November 9, 2022.
- Harbinger raised $94M on November 2, 2022.
- Turbo Wholesale Tires raised an undisclosed amount on November 1, 2022.
- Ionblox raised $24M (Series B) on October 26, 2022.
Who to call at Seeing Machines, and when
A new round usually means Seeing Machines is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Seeing Machines raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Seeing Machines, from your own LinkedIn network
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Related People
Seeing Machines raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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