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Elsight Secures A$60M to Accelerate Growth Amid Drone and Defence Boom
9:21am on Wednesday 23rd of July, 2025 AEST
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Technology
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Elsight Secures A$60M to Accelerate Growth Amid Drone and Defence Boom
9:21am on Wednesday 23rd of July, 2025 AEST
Key Points
A$60 million placement backed by new and existing institutional investors
Record revenue for second consecutive quarter, achieving cash flow breakeven
~US$151 million pipeline driven by rising global defence and commercial drone markets
Funds earmarked for sales expansion, product innovation, and strategic acquisitions
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