Skyfii Limited announced that it expects to receive AUD 4.1 million in funding
December 15, 2016
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Skyfii Limited (ASX:SKF) announced a private placement of 65,079,365 shares at a price of AUD 0.063 per share for gross proceeds of AUD 4,099,999.995 on December 15, 2016. The transaction will include participation from Jan Cameron, Peter Gammell, and Richard Freudenstein. The transaction will be completed in two tranches. Under the first tranche, the company will issue 40,800,000 shares by December 20, 2016. Under the second tranche, the company will issue 24,279,365 shares, subject to shareholders approval by February 2, 2017. The shareholder’s approval will be obtained at the extraordinary general meeting to be held on January 27, 2017.
Beonic Ltd, formerly Skyfii Limited, is an Australia-based company. It offers an artificial intelligence (AI) platform, Beonic for places. Its technology creates intelligent places that adapt to the needs of people and provides venues with insights into their operations and visitor behaviors. Through the combination of Internet of Things (IoT) and AI, it helps its customers understand how visitors interact with their spaces, working as their partner to create transformative experiences that enable places to adapt and respond to the demand of their people. The three core modules of the Beonic platform include Connect, Insight, and Engage. It provides solutions, such as Occupancy & People Counting, Queue Management, and Guest Wifi & Marketing. Its People Counting Technology captures accurate footfall data in real time, providing key insights into visitor behavior. Its queue management solution visualizes queues, keeps visitors informed, and optimizes staff levels to reduce wait times.
SKYFII 
