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Pin to quick picksSeeing Machines Share News (SEE)

Share Price Information for Seeing Machines (SEE)

London Stock Exchange
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Share Price: 4.835
Bid: 4.80
Ask: 4.88
Change: -0.065 (-1.33%)
Spread: 0.08 (1.667%)
Open: 5.00
High: 5.00
Low: 4.68
Prev. Close: 4.90
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Seeing Machines launches partnership with AI firm Ambrella

Thu, 06th Jan 2022 11:52

(Sharecast News) - Driver monitoring technology company Seeing Machines announced a collaboration with artificial intelligence (AI) silicon company Ambarella on Thursday, to bring integrated advanced driver assistance system (ADAS) and occupant and driver monitoring system (OMS and DMS) products to market.
The AIM-traded firm said the technology combination would bring its OMS and DMS systems to Ambarella's 'CV2x CVflow' family of AI perception systems-on-chip (SoCs).

It said the agreement would be the start of a strategic relationship, which would see the two companies combine their skills, products, intellectual property and experience in the domain of embedding AI vision algorithms to deliver best-in-class driver and occupant monitoring system solutions.

"The contextual information that can be gathered with the fusion of inward and outward-facing sensing is an important area for us as we seek to advance our safety focused technology solutions," said Seeing Machines chief executive officer Paul McGlone.

"Ambarella has made significant advances in forward-facing sensing, with its recent Oculii radar technology acquisition and its collaborations in the algorithm space, to make this a really interesting opportunity for Seeing Machines."

McGlone said the Ambarella reference design platform, targeting the headliner location, was a "key integration point" for DMS and OMS technology in both the processing and sensor space.

"We are excited to work towards offering our e-DME targeting Ambarella's silicon and to also work closely on the fusion of our technology with companies focusing on external vehicle sensing."

At 1131 GMT, shares in Seeing Machines were up 1.62% at 11.3p.
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(Sharecast News) - Seeing Machines revealed on Friday that non-executive director Michael Brown had raised his stake in the AIM-listed technology firm by 8.18m new ordinary shares via his interest in Lombard Odier Asset Management.

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26 Nov 2021 15:29

DIRECTOR DEALINGS: Lombard Odier AM ups Seeing Machines stake to 17%

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24 Nov 2021 11:31

Seeing Machines turns in good performance as OEMs ramp-up production

(Sharecast News) - Computer vision technology company Seeing Machines reported an 18% improvement in revenue in its year-end results on Wednesday, to AUD 47.2m (£25.46m).

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23 Nov 2021 18:09

IN BRIEF: Seeing Machines raises GBP30.4 million via fundraise

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23 Nov 2021 10:41

Canada's Magna puts $10m into Seeing Machines' $41m fundraise

(Sharecast News) - Computer vision technology company Seeing Machines raised $41m (£30.4m) before expenses in a placing and subscription on Tuesday, which it planned to spend on growing its presence in the driver monitoring systems market.

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22 Nov 2021 17:56

IN BRIEF: Seeing Machines to raise GBP29.7 million to drive growth

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Seeing Machines upbeat on opportunity from US infrastructure bill

(Sharecast News) - Computer vision technology company Seeing Machines issued a trading update on Monday, on the back of the US House of Representatives passing a bipartisan infrastructure agreement on 5 November, containing "key provisions" to improve road safety.

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13 Oct 2021 12:37

Seeing Machines creates Europe sales team

(Sharecast News) - Computer vision technology company Seeing Machines announced the establishment of a European sales team based in Amsterdam on Wednesday, to lead the next phase of its business development and focus on growing demand in Europe for its aftermarket driver safety technology, 'Guardian'.

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