Its global partners include Prosegur, Panasonic and Zennikkei. The company uses machine learning to provide automated real-time event detection, to pinpoint security issues, or health and safety problems. Its software integrates with existing surveillance systems.
The company appointed Sequoia Corporate Finance as the lead manager.
Priced at 8¢ per share, the offer comes at a substantial 23.8 per cent discount to the 15-day volume weighted average price and a 20.5 per cent discount to the last close.
Sequoia has also been busy working on its first tech sector IPO of Xpon Technologies.
Xpon, a public cloud-based marketing platform that helps companies determine the propensity of a customer to buy a certain product, is set to list before Christmas.
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