Pinewood Technologies invests $4.2m in AI firm Seez, secures US distribution rights

Pinewood Technologies, previously known as Pendragon, has announced an advanced subscription agreement with Seez, a company recognised for its automotive AI technology.

As per the terms of the deal, Pinewood Technologies, which is traded on the London Stock Exchange, will invest $4.2 million (£3.2 million) in a minority investment round.

The London-based firm also disclosed that it has obtained exclusive distribution rights for Seez's AI products in the US market, bolstering its North American market presence as it gears up for expansion with Lithia Motors.

Bill Berman,