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FirstWave Cloud Technology ( (AU:FCT) ) has provided an announcement.
FirstWave Cloud Technology Limited has successfully raised $2.85 million to support its growth initiatives, following a corporate restructure that resulted in operational cash flow positivity for FY25. The capital raise, led by Red Leaf Securities and supported by technology investor Roger Allen, will fund the company’s shift to AI-powered compliance management and the monetization of its large user base, presenting a $30 million ARR opportunity. The raise also highlights strong investor confidence in FirstWave’s strategy, which includes expanding global distribution through partnerships with AWS and Ingram Micro, and launching NMIS Cloud with Telmex. The company has undergone significant transformation, achieving operational efficiency and securing key customer renewals, positioning it for sustainable growth.
More about FirstWave Cloud Technology
FirstWave Cloud Technology Limited operates in the technology industry, focusing on AI-powered compliance management and cybersecurity solutions. The company provides open-source software and has a market focus on monetizing its user base and expanding global distribution channels.
Average Trading Volume: 622,009
Technical Sentiment Signal: Sell
Current Market Cap: A$29.13M
For an in-depth examination of FCT stock, go to TipRanks’ Overview page.