Breakthrough Aussie AI software firm banks $35m

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Clear Dynamics, an Aussie software firm that lets organisations build modular tech systems to be put together like LEGO bricks has closed a $35m funding round.

, who were joined by new investment from family offices and private investors, including all the company’s management team.

“Then the aieos platform itself, takes those instructions and then expands that into a full application suite.” While just seven per cent of respondents in the 2022 Gartner CIO and Technology Executive Survey indicated that they have already invested in composable enterprise solutions, another 60 per cent said they expect to have done so by the end of three years.In a report it said enterprises are starting to adopt composable business in both their operations and technology systems, meaning technology providers have additional opportunities at current customers and also in new market segments.

Clear Dynamics executive chairman Ian Basser said the company had been cashflow positive for the first five years of its existence, before sacrificing that profitability to invest in growth and product development in recent times. However, he said the company could easily rein things in and return to profitability if market conditions dictated it.

 

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