SeeChange Technologies, a Manchester, UK-based company which specialises in retail-focused visual AI, raised £8M in Seed funding.
The round was led by TriplePoint, with participation from new investors including Runa Capital and True Capital, and original investor Crane Venture Partners.
The company intends to use the funds to expand commercial deployment and strengthen its commercial and support teams.
Led by CEO Jason Souloglou, SeeChange Technologies specializes in real-time AI-powered recognition systems, with expertise in making AI technology simple to deploy and scale in the real world. It was founded in 2018 as a subsidiary of Arm Holdings, becoming independent in 2021 with investment from Crane Venture Partners. With an initial focus on solutions for retail, the company is on a mission to help humanity thrive through visual AI technology. Its Visual AI platform, SeeWare® enhances self-checkout, preempts stockouts, improves safety and reduces loss. SeeWare processes video from retailers’ existing hardware and is easily deployed and scaled across the retail enterprise. It has been piloted and commercially trialed by leading retail customers and partners including Diebold Nixdorf, a retail technology platform provider.
FinSMEs
21/11/2023