Visual AI company SeeChange Technologies has successfully closed its series A funding round, securing £8 million in investment. Founded in 2018 and spun out of Arm Holdings in 2021, SeeWare, their visual AI platform, enhances self-checkout processes, prevents stockouts, enhances safety, and reduces losses for retailers. SeeWare can process video data from existing retail hardware, making it easy to deploy and scale across the retail enterprise.

Jason Souloglou, co-founder and CEO of SeeChange, expressed his pleasure in welcoming new investors and highlighted the potential of the SeeWare platform to enhance the global retail ecosystem, providing improved profitability and a modern shopping experience. The funding will be used to expand commercial deployment and strengthen their commercial and support teams.

Krishna Visvanathan, General Partner at Crane Venture Partners, emphasized the transformative potential of SeeChange's groundbreaking technology, which uses AI to provide real-time visual insights for security enhancement and space optimization, potentially redefining the retail industry and beyond.