# Seeing Machines secures $16.5M upfront payment from Caterpillar for driver monitoring

Seeing Machines received a $16.5 million upfront payment from Caterpillar for its Guardian driver monitoring product, under a contract with the mining equipment giant.

- Type: Contract
- Announced: 2024-06-26
- Value: $16.5M
- Status: completed
- Products: Guardian driver monitoring system
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Caterpillar](https://endata.com/companies/1968.md) (customer)
- [Seeing Machines](https://endata.com/companies/78265.md) (supplier)

## Sources

- [proactiveinvestors.co.uk](https://www.proactiveinvestors.co.uk/companies/news/1050639/seeing-machines-boosted-by-caterpillar-contract-investment-banks-says-its-one-of-top-picks-sector-1050639.html), 2024-06-26: "Seeing Machines Ltd has secured a $16.5 million upfront payment from global mining equipment giant Caterpillar for its Guardian driver monitoring product."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.