Hargreaves Lansdown

Seeing Machines signs agreement with 'world-leading' self-driving car company

Mon 16 June 2025 10:16 | A A A

No recommendation

No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.

(Sharecast News) - Computer vision technology firm Seeing Machines said on Monday that it inked an agreement to supply additional Guardian Backup-driver Monitoring Systems to a "world-leading North American self-driving car company".

Seeing Machines said the agreement, valued at around $1.2m, will see its Guardian BdMS offering deployed into the autonomous mobility company's test vehicles as they seek to expand across new sites and locations.

The AIM-listed group stated that advancing autonomous vehicles requires "extensive on-road data collection, testing and validation" and, in order to mitigate the risks of operating test vehicles on public roads, a back-up driver was typically required during this development phase and said its BdMS offering supports the human back-up driver in "remaining vigilant during on-road operations".

Chief executive Paul McGlone said: "We are proud to continue working with this important customer, who shares our passion for road safety, as they continue to develop their technology and frankly, lead the evolution of the autonomous vehicle landscape.

"Around the world, regulators and automakers understand that driver and occupant monitoring technology will bridge the gap between the vehicles of today, where the driver is still in control, and the fully autonomous cars of tomorrow. It's excellent to see our technology, designed purely to keep road users safe, helping to shape this shift in transportation."

As of 1010 BST, Seeing Machines shares were up 2.27% at 2.25p.

Reporting by Iain Gilbert at Sharecast.com

    The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.


    More AIM news from ShareCast

    No results were found