Analyst Group Comment on Irisity - Market Tailwinds and Pending Inflection Point

Irisity AB (”Irisity” or ”the Company”) is a leading provider of AI-driven video analytics solutions, specializing in advanced software that transforms conventional security cameras into intelligent detection systems, all while upholding stringent privacy standards. With a presence in more than 90 countries, Irisity addresses a global market through the Company’s three primary segments: AI Solutions, AI Products, and AI Software as a Service (SaaS). With the strategic acquisition of Ultinous in H1-24, Irisity has enhanced its AI capabilities, integrating cutting-edge generative AI technologies aimed at capturing opportunities in the mid-market segment, which paves the wave for substantial growth potential in the coming years, why Analyst Group sees favorable opportunities for Irisity to capitalize on a high-growth market with its proprietary technology. Overall, Analyst Group believe the ongoing rights issue constitute an attractive entry point for investors at a Pre-Money valuation of SEK 80.7m.