Odysight.ai, which makes vision-based sensor systems for machine and infrastructure monitoring, raised $21 million by offering 3.3 million shares at $6.50, below the last close of its shares on the OTC ($9.00). The company offered 0.8 million more shares than anticipated.
The Israel-based company’s Odysight TruVision solution streams visual information from small cameras to an in-platform, high-performance AI/ML computer, allowing for visibility into hard-to-access areas. Odysight solutions are already deployed in the aviation and medical sectors.
Odysight.ai plans to list on the Nasdaq under the symbol ODYS. The Benchmark Company acted as sole bookrunner on the deal.
