SeeChange Technologies bags new investors, raises £8 million in seed extension funding

SeeChange Technologies, a specialist in retail focused visual AI, has announced the closing of its Series A funding of £8 million led by TriplePoint, with participation from new investors including Runa Capital and True Capital, and original backer Crane Venture Partners.  

SeeChange’s visual AI platform, SeeWare, aims to enhance self-checkout, preempt stockouts, improve safety and reduce loss. SeeWare processes video from retailers’ existing hardware and this is deployed and scaled across the retail enterprise. 

SeeWare has been piloted and commercially trialed by retail customers and partners including Diebold Nixdorf.

Founded in 2018, SeeChange was spun out of Arm Holdings in 2021, having completed development of SeeWare.  

In connection with this funding, it has announced Richard Irving as Chairman. Based in Silicon Valley, Irving co-founded Pond Venture Partners and has over 30 years' international operating experience building startups to successful levels of scale and impact.

“I am pleased to welcome our new investors, joining our friends at Crane who have been with us since the beginning,” says Jason Souloglou, Co-founder and CEO at SeeChange.

“This is a strong vote of confidence in the unique and proven capabilities of our SeeWare platform for the entire ecosystem of global retail – delivering improved profitability by enabling an enhanced and modern shopping experience.”

“This funding will expand commercial deployment and strengthen our commercial and support teams.”

“AI is reshaping the world as we know it, and SeeChange's groundbreaking technology promises to revolutionise the retail landscape,” says Krishna Visvanathan, General Partner at Crane Venture Partners.

“By providing retailers with real-time visual insights to enhance security and optimise their spaces, SeeChange is poised to redefine what’s possible in the retail industry and beyond.”