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FirstWave Raises $2.85M to Accelerate AI Compliance and Global Expansion
11:01am on Friday 26th of September, 2025 AEST
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Technology
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FirstWave Raises $2.85M to Accelerate AI Compliance and Global Expansion
11:01am on Friday 26th of September, 2025 AEST
Key Points
Completed $2.85M capital raise at $0.01 per share with attached options
Funds to support AI compliance tech and monetisation of 150,000 Open-AudIT users
Operational cash flow positive FY25 with $5.5M annualised cost savings post-restructure
New partnerships with Telmex, AWS, and Ingram Micro to drive global growth
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Firstwave Cloud Technology (ASX:FCT)
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