SCX.ai goes public with $40M IPO

SCX.ai goes public with $40M IPO

Australian AI infrastructure startup SouthernCrossAI (SCX.ai) has listed on the Australian Securities Exchange (ASX) following the completion of its initial public offering (IPO) which raised a gross $40 million. Trading under the ticker SCX, the startup’s CEO and co-founder, David Keane, said in a statement to the ASX the startup was confident it has the infrastructure, partnerships, pipeline and, now, the public market platform to “build somet…

AI upstart SCX drops 30pc on ASX debut despite energy efficiency pitch

Founder David Keane says the AI infrastructure group’s low power needs and air-cooled chips will give it an edge over competitors.

Unicorns Podcast: AI infrastructure pure-play SCX makes its ASX debut

Justin Kelly speaks with David Keane, founder and CEO of SCX.ai, as the Australian AI infrastructure company makes its debut on the ASX. Justin Kelly speaks with David Keane, founder and CEO of SCX.ai, as the Australian AI infrastructure company makes its debut on the ASX.

SCX.ai begins ASX trading after AUD $40 million IPO

Growing demand for local AI computing has lifted SCX.ai's contracted annual recurring revenue to AUD $6.5 million and attracted 49 paying customers.