Rail Vision Ltd. (RVSN) has released an update.
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Rail Vision Ltd. has reported significant developments in the first half of 2024, including raising over $12 million through financing transactions and securing key orders from industry leaders in the U.S. and globally. The company successfully delivered and installed advanced AI-driven railway safety systems, marking a shift toward improved fleet management and data services. Despite these advancements, the company faced a GAAP net loss of $24.3 million for the period, but highlighted a strong cash position of $9.7 million by the end of June 2024.
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