Seeing Machines (AIM:SEE) - massive potential…but do they really need £15M?!
Seeing Machines has raised a whopping £15m to support growth. While money was clearly needed the raise looks a bit over the top to us!
The money raised will help accelerate the rollout of their terrific DSS system which reduces fatigue-related driver risk in the mining industry and take advantage of offers to replicate its off-road success in much larger markets such as road, rail and air transport i.e. just about everything.
We are big fans of the offering but suggest £15m is far more than needed