Australian open-source intelligence (OSINT) company Fivecast has recently announced a successful Series A funding round, raising $20 million (AU$30 million). This brings the total raised by the company to $23 million. The investment was backed by Ten Eleven Ventures, Main Sequence, the Commonwealth Scientific and Industrial Research Organization’s (CSIRO) innovation fund, and the South Australian Venture Capital Fund.
Fivecast is an AI-driven OSINT company providing targeted data collection and risk analytics services to defense, law enforcement, and private organizations. The company collects data from the surface, deep, and dark web to deliver actionable insights and help organizations secure their environments.
The new funding will enable Fivecast to build their product portfolio, expand to new regions, including the US, the UK, Asia Pacific, and Europe, and add headcount for their development, sales, and marketing teams. CEO and co-founder Brenton Cooper noted that the Series A funding ensures that the company can continue to support customers’ objectives and expand their services to a global market.
In conclusion, Fivecast’s Series A funding round has been a success, allowing the company to continue building advanced capabilities to meet customer needs and expand to new markets. Fivecast’s AI-driven OSINT services are aiding defense, law enforcement, and private organizations in securing their environment and providing actionable insights.
Key Points:
- Australian open-source intelligence (OSINT) company Fivecast has raised $20 million (AU$30 million) in Series A funding.
- The investment was backed by Ten Eleven Ventures, Main Sequence, the Commonwealth Scientific and Industrial Research Organization’s (CSIRO) innovation fund, and the South Australian Venture Capital Fund.
- Fivecast provides AI-driven OSINT services to defense, law enforcement, and private organizations to help secure their environment and provide actionable insights.
- The funding will help Fivecast build their product portfolio, expand to new regions, and add headcount to their development, sales, and marketing teams.
- Fivecast’s Series A funding is aiding the company in continuing to support customer objectives and expanding their services to a global market.