Codeifai Ltd (ASX:CDE) has secured firm commitments to raise $770,000 through a share placement, providing fresh funding to advance its artificial intelligence platform, pursue new industry applications and strengthen working capital.
The company will issue 110 million shares at $0.007 each to sophisticated and professional investors, with participants receiving one free-attaching option for every share subscribed.
The options will be exercisable at $0.02 and expire on April 14, 2029, with a proposed ASX listing subject to the relevant requirements.
The money raised will be directed toward product development, business development and general working capital.
The capital injection is expected to support Codeifai’s strategy of extending its applied AI capabilities into adjacent, high-value markets that can draw on its existing data engineering and self-service software-as-a-service infrastructure.
Codeifai's platform is designed to support additional industry applications through partnerships, internal product development and targeted mergers and acquisitions.
Geospatial and subsurface intelligence opportunity
One area under assessment is the application of Codeifai’s AI technology to geospatial and subsurface intelligence workflows.
Potential applications include processing and interpreting complex information such as imagery and sensor-derived datasets to improve and accelerate decision-making across industrial environments.
The company considers these opportunities complementary to its existing technology platform and broader strategy of deploying AI through scalable, self-service SaaS products.
About Codeifai
Codeifai is a self-service SaaS company operating across artificial intelligence, post-quantum cryptography and serialised data technology.
Its platform is designed to help brands, manufacturers and enterprises organise and analyse data while establishing faster, deeper and more secure connections with customers and business systems.