Australian security solutions provider to raise $2.3m

Spectur, an Australian-based developer and manufacturer of security, surveillance, warning, environmental monitoring and AI solutions and platforms, has received firm commitments to raise $2.3 million via a placement to sophisticated and professional investors.

Funds raised under the placement are intended to be deployed primarily towards accelerating the company’s 'sovereign cloud' and AI capabilities to deliver secure, modular, scalable, and high-margin SaaS and managed-service solutions with back-end infrastructure. 

Spectur board chair Darren Cooper said the company is receiving strong enquiries from its existing and potential new government, utility and infrastructure clients for advanced camera and AI capabilities.

"Development of our next-generation modular software and server stack, and further development of our industry-leading hardware offering, will enable us to capitalise on these opportunities, and further reinforce Spectur’s competitive moat," he said.

Spectur’s core products are solar-powered warning, deterrence, surveillance, environmental monitoring and AI systems and associated cloud-based platforms. These systems incorporate cameras, lighting, audible warnings and a hardware IoT platform, remotely accessed and connected via 3G/4G or satellite technology to a cloud-based platform.

The cloud platforms include data ingestors and repositories, workflow managers, reporting tools and AI solutions.

Spectur has nearly 30 employees across Australia with offices in Brisbane, Sydney, Melbourne and Perth.