Meta Pixel

News and Announcements

Ai-Media Annual Update 2015; Global Growth & Positive Cash Flow

  • Published January 04, 2016 3:54PM UTC
  • Publisher Wholesale Investor
  • Categories Company Updates

Ai-Media continued to extend its run of world-leading broadcast captioning quality outcomes, and secured contract extensions to 2020 for its major broadcast customers.

Ai-Media’s UK expansion has provided the springboard for global growth, with multiple languages now offered for both live and offline captioning for broadcast, education, corporate, and government clients. Ai-Media delivered Nesta Impact Investments its first successful financial exit in June, and the Education Endowment Foundation has provided a further grant to develop the Visible Classroom product suite, in conjunction with the University of Melbourne.

Cash flow positive, Ai-Media is planning its next capital raising in 2017.

ABOUT AI-MEDIA 

Ai-Media delivers live & offline television captioning under long term contracts for many Foxtel channels, education captioning for schools and universities, and high quality transcripts to 99.90% accuracy for government and corporate clients.

Ai-Media’s flagship technology solution, Ai-Live has proven effective in pilots supported by Commercialisation Australia for deaf students at school & university. Current clients include the NSW & Victorian education departments, & Macquarie University.

Ai-Media is raising capital to fund its UK expansion, and develop product opportunities in the wider education market.

Capital Insights
The control layer for the electrified home

THE MARKET SHIFT Australian households have been pulled into a real-time energy market they never knowingly signed up for. Flat electricity tariffs are disappearing. In their place: dynamic, time-of-use pricing that changes depending on when power is consumed. Electricity is now cheapest when solar floods the grid in the middle of the day — and […]

Join over 45,000+ sophisticated investors

Join Now