Seeing Machines (LON: SEE) is making good progress and car manufacturers are installing its driver monitoring systems in more models. Interim revenues are 19% ahead at A$21.7m.
Seeing Machines develops artificial intelligence-based computer vision technologies. There are many potential uses, but the focus is the automotive market. Driver monitoring systems (DMS) are becoming a mass market due to regulatory changes.
Up until now, the main revenues were coming from Guardian fleet system monitors – annualised recurring revenues are running at A$18.8m. This is changing as the car manufacturers fit...
