Wednesday, 15 December 2021 10:42

Complexica raises $11 million in latest investment round

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Software provider Complexica has raised $11 million in its latest investment round.

$5 million was invested by Complexica customer Flinders Port Holdings (FPH), and existing investor Microequities Asset Management put another $3 million into the company.

Complexica has raised a total of $16 million since August 2021.

"This investment and collaboration with FPH will also enable Complexica to pursue development of next-generation software applications for ports globally, which will be AI and machine learning enabled, cloud-based, and based on Internet of Things and Industry 4.0 concepts," said Complexica CEO Matt Michalewicz.

"A new ports and logistics division will also be established within Complexica, with a dedicated development and product team, as well as its own go-to-market strategy that will be readily available and executed globally."

Complexica and FPH have been collaborating on the application of Complexica's artificial intelligence software at the Flinders Adelaide Container Terminal to optimise container movements.

"Flinders Port Holdings is committed to the provision of port infrastructure and related services that deliver safe, efficient and sustainable port operations for all South Australian importers and exporters. In the last year alone, we have invested over $26m across the state's ports, said FPH CFO Keith Halifax.

"This investment builds on this commitment and enables us to ensure we have the digital as well as physical infrastructure in place to continue optimising our operations and drive value,.

"This partnership will enable us to work closely with Complexica and allow us to apply AI and machine learning technology across our business and develop the next generation of services for our customers."

Microequities Asset Management CEO and Complexica board member Carlos Gil said "We are delighted to see FPH join the register of Complexica via a strategic investment.

"Both FPH and Microequities' share a common vision that Complexica's software technology will drive productivity across various industries and FPH's expertise in ports and logistics will further assist Complexica deliver the best of breed AI platform in the market."

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Stephen Withers

Stephen Withers is one of Australia¹s most experienced IT journalists, having begun his career in the days of 8-bit 'microcomputers'. He covers the gamut from gadgets to enterprise systems. In previous lives he has been an academic, a systems programmer, an IT support manager, and an online services manager. Stephen holds an honours degree in Management Sciences and a PhD in Industrial and Business Studies.

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