London AI car firm records surge in revenue on demand for driver-tracking softwareSeeing Machines technology. (Image: Screenshot of Seeing Machines Video)Car tech firm Seeing Machines has accelerated into profitability after new European safety legislation triggered a surge in demand for its driver-tracking software. This came from a 135 year-on-year jump in royalties revenue to $33.9m after global car manufacturers rapidly scaled up integration of Seeing Machines’ systems in light of new European legislation. Production volumes of cars using Seeing Machines technology expanded by 195 per cent to nearly 4.5m units. Paul McGlone, chief executive of Seeing Machines, said the firm’s latest financial year was “pivotal” and added the new legislation had meant demand for systems was “increasingly underpinned by regulatory requirements”.