Urbanise.com Ltd Announces Board Update and AI Product Launch
Key points
- Darc Rasmussen appointed as Executive Chairman with restructured fees
- Search for Chief Product Officer underway alongside commercial expansion
- AI Assistant product launched, expected to be available by June 2026
- Two significant contracts signed, converting legacy systems to Urbanise platform
- Urbanise targets positive operating cash flow in FY2027
Full summary
Urbanise.com Ltd announced updates on its board composition, product launch, and commercial progress. The company appointed Darc Rasmussen as Executive Chairman with a restructured fee arrangement. A search for a Chief Product Officer is underway. Urbanise launched an AI Assistant, part of a broader AI roadmap, expected to be available by June 2026. The company also signed two significant contracts to convert legacy systems to its cloud-based platform, representing a combined Total Contract Value of approximately $700k over three years. Urbanise expects continued net operating cash outflows for the remainder of FY2026 but targets a return to positive operating cash flow in FY2027.
Guidance
Targeted return to positive operating cash flow in FY2027
Outlook
Urbanise expects to convert legacy systems to its platform, improve customer retention, and achieve higher competitive win rates with its AI capabilities.
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