17 December 2020
Queensland-based artificial intelligence and technology startup, Advanced Mobility Analytics Group (AMAG), has closed a seed investment round comprising commercialisation support from UniQuest Pty Limited and a $1.5 million cash investment from ASX-listed PPK Group Limited (PPK).
Founded in 2018, AMAG aims to be the world leading digital platform provider for proactive road safety management. Led by co-founder and CEO Dr Simon Washington, along with co-founders Dr Tarek Sayed and Dr Shimul Haque, AMAG has solved the challenge of predictive analytics for road safety, and during the past decade have developed and proven the methodology and technology through research, refinement, testing and validation in 23 cities across 8 countries—and now offer this technology via Software-as-a-Service to governments globally. AMAG has been steadily building a highly qualified executive team and technical development team, working on groundbreaking products and solutions.
‘It was an absolute pleasure working with the Coghlan Duffy + Co team, which represented AMAG’s interests perfectly during critical negotiations and the legal documentation process. This critical milestone in AMAG’s commercial journey will enable us to further develop and scale our technology for the global market’, said Simon Washington.
Coghlan Duffy + Co were delighted to act for AMAG on their investment round. The CD + Co team was led by Director, John Coghlan, and Senior Associate, Zain Kazi.
For more information about this transaction, please refer to the ASX Announcement by PPK.
For further information, contact:
John Coghlan | Director
T: +61 3 9614 2444
E: jcoghlan@cdandco.com.au
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