London AI car firm records surge in revenue on demand for driver-tracking software Tech Car tech firm Seeing Machines has accelerated into profitability after new European safety legislation triggered a surge in demand for its driver-tracking software. The AIM-listed group, which builds camera and AI software that tracks drivers’ eyes and heads in real time, reported a 45 per cent jump in revenue to $76.3m, up from $52.8m the [...]
Auto Trader: FTSE 100 giant passes major milestone as profit jumps Transport and infrastructure Sales at FTSE 100 giant Auto Trader have accelerated past a major milestone as its profit increased during its latest financial year as it defied a year of high interest rates and economic uncertainty. The Manchester-headquartered group has posted a revenue of £601.1m for the 12 months to 31 March, 2025, according to new figures [...]
Pinewood Technologies sees double-digit growth amid push for expansion Tech Pinewood Technologies has reported a double-digit jump in profit as the group continues global expansion.
Pinewood Technologies strikes deal with AI firm to bolster US expansion September 4, 2024 Pinewood Technologies, formerly known as Pendragon, has entered into an advanced subscription agreement with Seez, known for its automotive AI tech, it announced today. Under the terms of the agreement, Pinewood Technologies, which is listed on the London Stock Exchange, said it had agreed to invest $4.2m (£3.2m) as part of a minority investment round. The [...]