Odysight.ai: Revolutionizing Predictive Maintenance with a $21.5 Million NASDAQ Uplisting

Odysight.ai Inc. (Nasdaq: ODYS), a pioneering developer of AI systems for Predictive Maintenance (PdM) and Condition Based Monitoring (CBM), has announced the pricing of a $21.5 million public offering and uplisting to the Nasdaq Capital Market. This significant milestone reflects the growing demand for Odysight.ai's innovative solutions and its potential to disrupt the predictive maintenance landscape.

Odysight.ai's unique value proposition lies in its ability to deploy small cameras to monitor critical safety components in hard-to-reach locations and harsh environments. By leveraging AI and machine learning data analytics, Odysight.ai enables real-time, visual-based machine and infrastructure health monitoring, providing customers with increased safety, reduced downtime, and lower maintenance costs.

The company's Odysight TruVision solution streams visual information to an in-platform, high-performance AI/machine learning computer, allowing maintenance and operations teams to gain visibility into areas that are inaccessible under normal operating conditions or where conditions are not suitable for continuous real-time monitoring. The rich and informative data collected and analyzed by Odysight.ai's solution provides customers with real-time failure/anomaly detection, events and data recordings, interfacing with platform mission systems, and providing real-time alerts and streaming video or images.

Odysight.ai's customer base includes prominent organizations such as NASA, the Israeli Air Force, French company Safran, and Israel Railways. These partnerships demonstrate the company's ability to compete with larger, multinational companies and establish itself as a key player in the PdM and CBM markets.

The $21.5 million public offering will enable Odysight.ai to expand its research and development efforts, increase sales and marketing initiatives, and strengthen its working capital and general corporate purposes. This investment will further enhance Odysight.ai's competitive position and accelerate its growth trajectory.



Odysight.ai's financial performance has shown significant growth, with revenue for the nine months of 2024 increasing by approximately 145% compared to the same period in 2023. The company's backlog reached a record high of approximately $16 million as of September 30, 2024, indicating a strong pipeline of future revenue. Odysight.ai's successful fundraising efforts, including a $10.3 million private placement in July 2024, have further bolstered its financial position and growth prospects.

In conclusion, Odysight.ai's $21.5 million public offering and uplisting to the Nasdaq Capital Market represent a significant milestone for the company. With its innovative solutions, strong customer base, and robust financial performance, Odysight.ai is well-positioned to continue its growth trajectory and revolutionize the predictive maintenance landscape. Investors should consider Odysight.ai as a promising opportunity in the AI and predictive maintenance sector.