---
title: "Mitsubishi Electric Takes Strategic Stake in Eye Tracking Technology Pioneer Seeing Machines"
publisher: "Stockmark.IT"
author: "Stockmark.IT Website"
published: "2024-12-24T10:34:51+00:00"
modified: "2024-12-24T10:34:51+00:00"
date: 2024-12-24
canonical: "https://stockmark.it/mitsubishi-electric-takes-strategic-stake-in-eye-tracking-technology-pioneer-seeing-machines/"
category: "Artificial intelligence"
categories: ["Artificial intelligence", "Automotive", "Technology"]
image: "https://i0.wp.com/stockmark.it/wp-content/uploads/1734951289301_a3GDNUbZ-1.jpg?fit=1024%2C576&quality=89&ssl=1"
format: "news"
language: "en-GB"
---

# Mitsubishi Electric Takes Strategic Stake in Eye Tracking Technology Pioneer Seeing Machines

**Published:** December 24, 2024
**Author:** Stockmark.IT Website
**Categories:** Artificial intelligence, Automotive, Technology
**Featured image:** ![Futuristic electric car on a smart city road. from Stockmark.it](https://i0.wp.com/stockmark.it/wp-content/uploads/1734951289301_a3GDNUbZ-1.jpg?fit=1024%2C576&quality=89&ssl=1)

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In a significant move that reshapes the landscape of driver monitoring technology, Seeing Machines has secured £26 million in funding through a strategic partnership with Mitsubishi Electric Mobility, resulting in the Japanese industrial giant acquiring a substantial shareholding in the company.

The Aim-quoted technology firm, which specialises in developing sophisticated driver monitoring systems, will see Mitsubishi Electric Mobility take an initial 15 per cent stake, with plans to increase this to 19.9 per cent through additional share acquisitions from major shareholders Lombard Odier Asset Management and VS International Venture.

The deal, structured at 4p per share, represents a 12 per cent premium to the company’s 30-day average trading price. The announcement triggered positive market sentiment, with shares climbing 7 per cent to 4¾p, valuing the Australian National University spin-out at approximately £200 million.

Paul McGlone, chief executive of Seeing Machines, described the partnership as “pivotal” for the organisation’s growth trajectory. The collaboration is expected to accelerate the adoption of the company’s driver and occupant monitoring technology among Japanese automotive manufacturers, who are increasingly responding to global regulatory requirements.

Market analysts have responded favourably to the announcement. Oliver Tipping from Peel Hunt, maintaining a buy rating with a 7p target, highlighted that the investment secures approximately 18 months of operational runway, by which time the company anticipates achieving cash-generative status. House broker Stifel noted that the funding arrangement effectively addresses investor concerns regarding potential future capital raises.

The strategic investment positions Seeing Machines at the forefront of the rapidly evolving autonomous vehicle safety sector, where its sensor and camera technology plays a crucial role in monitoring driver fatigue, distraction, and erratic behaviour – essential components for the next generation of semi-autonomous vehicles.

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