Future First Technologies raises $2.35m to manage roads using AI and drones

Future First Technologies has completed a $2.35 million call-out to investors to improve its AI-powered road maintenance systems. The company reached out to sophisticated and institutional investors for the capital raise in order to further integrate technology from Australian AI firm EagleSoft into its Asset Vision business while also expanding its sales capacity. Future First acquired EagleSoft in June which coincided with the startup winning a contract to analyse over 5,000 kilometres of road in regional Victoria. EagleSoft uses AI to analyse footage from vehicle and drone-mounted cameras to check for defects in road network assets. It's the kind of tech that Future First is hoping will propel its Intelligent Asset Management platform.