Dubai-based auto-tech company Seez grew its revenue fourfold over the course of last year, achieving gross profit margins of 83% by expanding into 11 countries and growing its staff by 25%. It also signed up two of the biggest dealerships in the world and four of the biggest in Europe.
The figures were revealed as the company shared its performance metrics for 2024.
Seezboost, an AI-based product targeting auto retailers, posted fivefold growth and helped clients increase their spending by a factor of 13.
The company’s Nitro offering, another AI-based product targeting dealers with advanced analytics, generated over 56,000 leads, achieving a conversion rate of 28.5%. It analyzed the residual values data from over 30,000 vehicles whilst collecting over 1 million data points.
The auto-tech company also raised $4.2 million from U.K-based software company Pinewood Technologies Group.
Seez was launched in 2016 by CEO Tarek Kabrit and CPO Andrew Kabrit.
