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.
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.
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