In early September 2024, Pinewood made the first of a number of exciting announcements for the business, confirming an investment in Seez.
Seez is one of the world’s leading automotive AI companies, and boasts a broad product portfolio built on market leading proprietary technology, which includes its AI Chatbot along with several other AI SaaS modules. In addition, Seez offers a suite of e-commerce and omnichannel products to leading dealer groups across the globe. Seez currently has a presence in 16 markets and existing global partnerships with a strong pipeline for further growth in the coming years. Under the terms of the Agreement, pinewood.ai agreed to invest USD 4.2 million as part of a minority investment round.
pinewood.ai also entered into a strategic commercial partnership with Seez to bolster our product offering as we prepare for expansion into the US market alongside Lithia Motors. The partnership offers us exclusive distribution rights of Seez products in the US market and with existing customers, ensuring they’ll have access to the latest and best technical solutions in the market via the pinewood.ai ecosystem.
Bill Berman, Chief Executive Officer of pinewood.ai, said: “This is a unique opportunity for us to further enhance our industry leading SaaS offering in the automotive retail market. Seez is an outstanding business that offers sophisticated, AI-powered products to the automotive sector and this investment offers compelling commercial and operational benefits for Pinewood. We are looking forward to partnering with Seez and are excited about the future opportunities with their comprehensive AI product suite.”
Read about this investment in the news at: BusinessLive
