Latest news with #Seezar
Zawya
25-02-2025
- Automotive
- Zawya
Proposed acquisition of Seez by Pinewood.AI to revolutionize global automotive solutions
Dubai, UAE - Seez, a Dubai-based innovator in AI-powered automotive solutions, has announced its proposed acquisition by Pinewood Technologies Group PLC (' for an equity value of $46.2m in a combination of cash and shares with the share component expected to double in the next 3 years. Founded in 2016 by Tarek Kabrit and Andrew Kabrit, Seez began with a disruptive idea: an app identifying any vehicle—from a single picture (Shazam for cars) This vision quickly attracted nearly 3 million users. Recognizing the evolving needs of both consumers and dealerships, Seez pivoted, transforming from a popular mobile app into a world-leading auto AI company. Today, having expanded globally to 16 markets ranging from Mexico to Australia, Seez offers a complete AI and ML-powered SaaS platform built on proprietary technology. Their products include an AI virtual assistant, e-commerce and omnichannel modules, and AI-powered digital marketing services. Seez serves a growing roster of Tier 1 clients, including leading automotive dealer groups, OEMs, and online classifieds, and has secured key partnerships with top finance, insurance, and SaaS providers globally. The company's rapid growth is evident in its $4.4 million annual recurring revenue as of December 2024, marking a 5x increase compared to the previous year, with projections to triple again by December 2025. proposed acquisition of Seez delivers a powerful combination of advanced AI capabilities, a loyal customer base, and a strong financial foundation, all while capitalizing on the growing importance of AI in automotive retail. With over 1,300 customer rooftops and a high-margin, recurring revenue model, Seez adds immediate value to This strategic move is strongly supported by Lithia Motors Inc., Pinewood's parent company and the largest dealer group globally, who plans to integrate Seez's AI Virtual Assistant, Seezar, across its global network of dealerships. Tarek expressed his enthusiasm for the partnership, stating, "We are thrilled to join forces with Pinewood at such a pivotal moment in the automotive industry. By combining our advanced AI-driven solutions with Pinewood's proprietary data and deep dealer integrations, we are creating a next-generation platform that will empower dealerships with smarter, more efficient tools to drive growth." Tarek emphasized that the acquisition accelerates Pinewood's expansion into the North American market while allowing both companies to redefine how dealers interact with technology, streamline operations, and enhance customer experiences. "The future of automotive retail is intelligent, autonomous, and data-driven and we couldn't have asked for a better partner to make that future a reality," he added. CEO Bill Burman reflected on the strategic importance of the proposed acquisition, noting that the partnership builds on their strong progress since initial investment in Seez in September 2024. "Seez is an outstanding company that has developed highly sophisticated AI and machine learning products that are increasingly critical tools for the automotive retail market and they are highly complementary to our own Automotive Intelligence Platform." Burman said. This proposed acquisition positions Seez and Pinewood as trailblazers in the automotive sector. Together, they aim to lead the charge in providing smarter, more efficient industry solutions that help their customers unlock value, drive performance and profitability. That's + Seez, an AI powered secure end-to-end fully cloud-based ecosystem designed by car people for car people. About Seez: Seez is an automotive technology company established in 2016 and focused on AI-powered solutions for car dealers and OEMs. With headquarters in Dubai and an office in Copenhagen, Seez delivers a suite of SaaS products designed to enhance efficiency, automation, and customer engagement. Our solutions range from omnichannel retail platforms and predictive pricing models to advanced machine learning tools and AI-driven chat solutions. Operating across 16 countries, Seez empowers automotive businesses with data-driven insights and seamless digital experiences. Further information can be located by visiting For more information on Seez, please contact: Priyanka Prakash priyanka@
Wamda
24-02-2025
- Automotive
- Wamda
Pinewood.AI to acquire UAE's Seez for $46.2 million
UK-based automotive intelligence platform has agreed to acquire Seez for $46.2 million in cash and shares. The share component is expected to grow over the following three years. Founded in the UAE in 2016 by Tarek Kabrit and Andrew Kabrit, Seez is an autotech company that provides car dealerships and OEMs with software solutions to improve their customer experience and increase sales. Last year, Seez raised a $4.2 million investment round, and ever since, it has expanded globally to 16 markets ranging from Mexico to Australia. Press release: Seez, a Dubai-based innovator in AI-powered automotive solutions, has announced its proposed acquisition by Pinewood Technologies Group PLC (' for an equity value of $46.2 million in a combination of cash and shares, with the share component expected to double in the next 3 years. Founded in 2016 by Tarek Kabrit and Andrew Kabrit, Seez began with a disruptive idea: an app identifying any vehicle—from a single picture (Shazam for cars) This vision quickly attracted nearly 3 million users. Recognising the evolving needs of both consumers and dealerships, Seez pivoted, transforming from a popular mobile app into a world-leading auto AI company. Today, having expanded globally to 16 markets ranging from Mexico to Australia, Seez offers a complete AI- and ML-powered SaaS platform built on proprietary technology. Their products include an AI virtual assistant, e-commerce and omnichannel modules, and AI-powered digital marketing services. Seez serves a growing roster of Tier 1 clients, including leading automotive dealer groups, OEMs, and online classifieds, and has secured key partnerships with top finance, insurance, and SaaS providers globally. The company's rapid growth is evident in its $4.4 million annual recurring revenue as of December 2024, marking a 5x increase compared to the previous year, with projections to triple again by December 2025. proposed acquisition of Seez delivers a powerful combination of advanced AI capabilities, a loyal customer base, and a strong financial foundation, all while capitalising on the growing importance of AI in automotive retail. With over 1,300 customer rooftops and a high-margin, recurring revenue model, Seez adds immediate value to This strategic move is strongly supported by Lithia Motors Inc., Pinewood's parent company and the largest dealer group globally, which plans to integrate Seez's AI Virtual Assistant, Seezar, across its global network of dealerships. Tarek expressed his enthusiasm for the partnership, stating, "We are thrilled to join forces with Pinewood at such a pivotal moment in the automotive industry. By combining our advanced AI-driven solutions with Pinewood's proprietary data and deep dealer integrations, we are creating a next-generation platform that will empower dealerships with smarter, more efficient tools to drive growth." Tarek emphasised that the acquisition accelerates Pinewood's expansion into the North American market while allowing both companies to redefine how dealers interact with technology, streamline operations, and enhance customer experiences. "The future of automotive retail is intelligent, autonomous, and data-driven—and we couldn't have asked for a better partner to make that future a reality," he added. CEO Bill Burman reflected on the strategic importance of the proposed acquisition, noting that the partnership builds on their strong progress since initial investment in Seez in September 2024. "Seez is an outstanding company that has developed highly sophisticated AI and machine learning products that are increasingly critical tools for the automotive retail market and they are highly complementary to our own Automotive Intelligence Platform." Burman said. This proposed acquisition positions Seez and Pinewood as trailblazers in the automotive sector. Together, they aim to lead the charge in providing smarter, more efficient industry solutions that help their customers unlock value, drive performance and profitability. That's + Seez, an AI powered secure, end-to-end, fully cloud-based ecosystem designed by car people for car people.
Zawya
27-01-2025
- Automotive
- Zawya
Seez is redefining automotive retail with breakthrough AI solutions
Dubai, UAE – Seez, a leading digital solutions provider, is redefining the automotive ecosystem with seamless solutions that leverage AI to deliver smarter, more efficient experiences for dealerships and customers. From simplifying car searches with its early image recognition app to introducing AI-powered tools for personalized car-buying experiences, Seez continues to set new benchmarks in how vehicles are sold and purchased globally. AI's Role in Transforming the Automotive Industry AI is transforming industries at an unprecedented pace, with market trends indicating explosive growth in adoption. According to a recent report by global market intelligence, data and events provider, IDC (International Data Corporation), global AI investment is expected to surpass $500 billion by the end of 2024, with applications spanning healthcare, retail, and automotive sectors. The automotive industry especially is embracing AI to revolutionize how customers buy cars. Personalized recommendations, instant responses, and automated processes are quickly becoming the new standard. Seez's Role in Leading the Transformation Seez is capitalizing on AI innovation, with 71% of its revenue coming from AI products. Since its inception, Seez has been dedicated to enhancing the car-buying journey. In 2016, the company launched the region's first car marketplace app with image recognition, allowing users to identify cars from pictures. In 2019, Seez pioneered the first blockchain-based car registration in collaboration with the RTA. The company also developed Denmark's first online platform for car sales, allowing BMW and Mercedes-Benz to continue selling vehicles digitally throughout the pandemic. Seezar: A Game-Changer in Automotive AI Seez's latest innovation, Seezar, brings AI directly to the heart of automotive retail. Seezar is a GPT-powered AI sales advisor for dealerships, available 24/7 to offer personalized recommendations and support. By delivering precise vehicle comparisons, trusted reviews and detailed answers to customer queries, Seezar elevates the car-buying process. Supporting dealerships in regions including the US, Europe, Asia, and Oceania, Seezar empowers dealers to provide unmatched customer service. "Seezar represents a new standard in dealership technology," said Andrew Kabrit, Chief Product Officer of Seez. "By leveraging years of proprietary marketplace data and integrating with the dealer's inventory, it provides a more intelligent way to serve customers. The UAE is a continuously evolving market and we have come a long way since our initial development of being an image recognition app to transforming into an AI-powered assistant for automotive dealerships, recognizing the potential of this technology to improve customer interactions. This has propelled our expansion starting from a local homegrown brand to currently being present across 15 different markets with many more expected in 2025.' Seezar's next wave of features, aimed at expanding its potential, will be introduced in the upcoming year. Already, Seezar along with Seez's other AI products including SeezNitro and SeezBoost, contribute to 71% of the company's revenue and represents 70% of its product portfolio, underscoring its central role in Seez's growth strategy. AI Capabilities Unveiled at Global AI Show 2024 At the recent Global AI Show 2024 in Dubai, Seez demonstrated Seezar's capabilities during a presentation by Andrew Kabrit, Chief Product Officer. The event showcased how Seezar's integration with dealership systems improves customer interactions and operational efficiency with key topics such as: 1. Unlocking Data's Potential with AI: Seezar improved lead conversion by 30% through personalized car recommendations and in-chat comparisons. 2. GPT-Powered Solutions Addressing Dealership Pain Points: Seezar responds to customer inquiries 8x faster than traditional chatbots, providing rapid and accurate assistance. 3. Effortless AI Scalability for Growing Data: As data expands, Seezar seamlessly scales to offer deeper insights, solving over 90% of issues without any human intervention Seez's innovative approach has also attracted significant investment. Pinewood Technologies Group PLC recently invested $4.2 million in Seez to support its expansion into the US market, further validating its leadership in AI-driven automotive solutions. As Seez continues to expand globally, its mission remains clear: to provide smart, data-driven solutions that empower dealerships and make car buying effortless for customers. About Seez: Established in 2015, Seez is an automotive tech company that provides innovative software solutions to car dealerships and OEM regional offices. Seez's mission is to help dealerships improve their customer experience and increase sales. Their products include a digital buying journey (SeezClick), a CRM and inventory management system (SeezPad), an advanced ChatGPT interface (Seezar), and multiple AI and digital marketing services (SeezNitro and SeezBoost). Available in over 15 countries and supporting more than 1,000 showrooms globally, Seez continues to lead the way in the AI-driven evolution of the automotive industry with innovative solutions tailored to the needs of dealerships and consumers alike.
