• Received A$3.0M in firm commitments from new and existing investors
• Funds to support sales and revenue initiatives across global enterprise customers
• Significant global market opportunity for AI Computer Vision technology

RocketBoots Limited, an artificial intelligence software company, has announced that it has received firm commitments to raise A$3.0 million at A$0.08 per share in a well-supported placement to new and existing institutional and sophisticated investors. The placement will be issued in two tranches, with the first tranche raising A$2.32 million and the second tranche of A$0.68 million subject to shareholder approval. The funds will be used to support sales and revenue generating initiatives across RocketBoots' global enterprise customer pipeline, which the company believes will ultimately drive its international expansion strategy. RocketBoots' AI Computer Vision technology delivers powerful loss prevention and workforce optimization solutions, particularly for the world's largest retailers and banks. The company sees a significant global market opportunity for its technology, which has already generated interest from major customers. The placement was jointly led by Taylor Collison Limited and Originate Capital Pty Ltd, who will receive a 6.0% fee (plus GST) on the proceeds raised and 3,000,000 unlisted options.

RocketBoots has not provided any high-importance, price-sensitive forward-looking financial metrics in the announcement.

RocketBoots believes there is a large and visible global market for its AI Computer Vision technology, which delivers material ROI outcomes to customers through loss prevention and workforce optimization. The company will be well-positioned to scale the business appropriately to secure significant share in global retail grocery and banking markets following the completion of this capital raise.