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FortifAI Cuts Costs, Raises $3.63M, and Eyes AI-Driven Growth
7:12pm on Thursday 31st of July, 2025 AEST
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Technology
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FortifAI Cuts Costs, Raises $3.63M, and Eyes AI-Driven Growth
7:12pm on Thursday 31st of July, 2025 AEST
Key Points
Consistent revenue from existing projects with new contracts lined up
30% reduction in operating costs and 45% cut in staff expenses
Successful $3.63 million capital raise via entitlement offer and placement
Board refreshed with strategic appointments including new Chair Shannon Robinson
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