Kodifly team and their hardware suite

This is the first funding round that the business has taken from external investors, and the team are keen to use these funds to transition the business from its core expertise within the railway sector into both Airport and Highway Management and overseas expansion, with existing contracts secured within Hong Kong. Their sales pipeline includes numerous operators of transportation infrastructure across Southeast Asia, the UK and the US, and they anticipate their market-leading digital-twin platform being rapidly adopted.

Henry Wong, co-founder and CEO of Kodifly, expressed his enthusiasm: "This investment from Laidlaw Scholars Ventures marks a significant milestone for Kodifly. It will empower us to advance our AI technologies, productize our offerings, and expand our market presence. Ultimately, this will help operators enhance infrastructure management efficiency, improve safety, and reduce maintenance costs by leveraging smart city technology through 3D perception and analytics."

Niall Santamaria, Chief Investment Officer of LSV, said, "Henry and Saad are exceptional entrepreneurs who were early to identify the opportunities and potential of spatial data. The models they are building have the potential to automate the detection and analysis of any anomaly, and while their success in the Transportation sector is evident, the data they are interpreting has far broader applications, with vast opportunity."

https://kodifly.com^[2]https://www.linkedin.com/company/kodifly/^[3]Wechat: Hin4171

Hashtag: #Kodifly #AI #Infrastructure

The issuer is solely responsible for the content of this announcement.

References

1. ^{^} Media OutReach Newswire (www.media-outreach.com)
2. ^{^} https://kodifly.com (kodifly.com)
3. ^{^} https://www.linkedin.com/company/kodifly/ (www.linkedin.com)