DLA Piper has advised technology company Seeing Machines Limited (AIM: SEE) on its £15 million (approximately AU$25.7 million) capital raising through a placing and subscription.

The fundraising involved the conditional placing of new ordinary shares with institutional investors by finnCap Ltd, and an opportunity to certain existing shareholders to raise up to a further £2 million (approximately AU$3.4 million) under an overseas offer and Australian offer.

Headquartered in Australia, with operations in North America, Europe, Latin America, Middle East and Asia Pacific, Seeing Machines is a leader in intelligent face and eye tracking technology.

Their driver-operator safety monitoring and intervention sensing technology is used worldwide across the automotive, mining, transport and aviation industries.

The DLA Piper team was led by Corporate partner Mark Burger with senior associate Dylan Burke.

Mark Burger said: "We are delighted to advise our client Seeing Machines on this latest capital raising, as they continue the ongoing commercialisation of their technology across target markets. The fundraising will support the company's growing FOVIO automotive business, and their multi-sector transportation market strategy."

Seeing Machines counts Caterpillar, Electro Motive Diesel, Progress Rail, Boeing, Takata, SEMCo, and Eye Tracking Inc among its customers or partners.