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AI company advised on $64m cap raise
A global technology company, headquartered in Australia, has been advised on its recent £34.3 million (approximately AU$64 million) capital raising.
Jerome Doraisamy
Source: Seeing Machines' facebook page
Firm: DLA Piper (Seeing Machines Limited)
It has further proposed to give an opportunity to qualifying participants in the United Kingdom, Ireland and the Isle of Man to raise to a further £6.8 million (approximately $12.7 million).
Value: $64 million
Area: Corporate
Key players: The DLA team was led by Corporate partner Mark Burger and senior associate Dylan Burke.
Deal significance: Mr Burger said: “We’re pleased to once again partner with Seeing Machines as they continue their growth in emerging markets. The proceeds of this transaction will help the company invest in its core platform technology and continue design development of existing and next-generation products.”
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly. A former lawyer, he has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. He is also the host of all five shows under The Lawyers Weekly Podcast Network, and has overseen the brand's audio medium growth from 4,000 downloads per month to over 60,000 downloads per month, making The Lawyers Weekly Show the most popular industry-specific podcast in Australia. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of Minds Count.
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