Fivecast, an Australian open-source intelligence (OSINT) software company, closed an AUS 30M Series A funding round.
The round was led by Ten Eleven, with additional investment from existing Australian backers, the Commonwealth Scientific and Industrial Research Organization’s (CSIRO) Main Sequence and the South Australian Venture Capital Fund, managed by Artesian.
The company intends to use the funds to accelerate its expansion and service contracts in key markets, including Five Eyes nations, and is adding further capabilities in adjacent use cases such as corporate security and financial intelligence. It is also continuing recruitment of industry professionals, including tradecraft experts, developers, and sales and marketing personnel to its four offices, having recently achieved a milestone of more than 100 employees globally.
Born out of a collaboration between government agencies and leading research institutions, Fivecast provides OSINT technology powered by artificial intelligence (AI) and machine learning (ML) to aid defense, intelligence, police, border security and corporations in keeping society safer. The software enables the targeted collection and risk analysis of publicly available information for specific use cases, such as identifying extremists, terrorists, drug trafficking and organized crime.
The company is led by Dr Brenton Cooper, CEO.
FinSMEs
12/04/2023