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InteliCare Holdings Limited ( (AU:ICR) ) has issued an announcement.
InteliCare Holdings Ltd has secured $1 million in funding through a structured financing approach, consisting of a $600,000 convertible note facility and a $400,000 R&D loan. This funding will support the company’s efforts to scale up its AI-driven InteliCare platform in the aged care, disability, and health sectors, allowing it to continue existing deployments and pursue new contracts. The financing will provide the company with a cash runway into 2026, enabling it to expand its evidence base and value proposition, and continue strategic partnership and investment discussions.
More about InteliCare Holdings Limited
InteliCare Holdings Limited is an Australian technology company that specializes in predictive analytics hardware and software systems for the aged care and health industries. The company offers business-to-business (B2B) and business-to-consumer (B2C) solutions built on its proprietary Internet of Things (IoT) platform, utilizing smart sensors and artificial intelligence (AI) to help people stay in their homes longer and enable healthcare providers to deliver higher quality, more efficient services.
Average Trading Volume: 16,556,660
Technical Sentiment Signal: Sell
Current Market Cap: A$3.9M
See more data about ICR stock on TipRanks’ Stock Analysis page.