Salter Brothers lead AUD$16M (US$12M) capital raise for Inference Technologies Pty Ltd

Melbourne-based global funds managers Salter Brothers, have partnered with leading US Venture Capital Fund, PeakSpan Capital Growth Partners to invest AUD$16M (US$12M) in Inference Technologies Group in one of the largest Venture Capital deals completed in Australia this year. The Series-A Preference Shares investment deal was confirmed today.

The Australian founded Inference Technologies is a leading provider of next-generation intelligent interactive voice response (“IVR”) and intelligence virtual agent (“IVA”) solutions, products that are designed to help organizations automate and facilitate interactions with their customers. The capital will allow them to further expand into regional markets, strengthen their support of international partners in the US, UK, Europe and Asia, continue product expansion and undertake a corporate restructure to become a US company.

Salter Brothers’ Managing Director, Mr. Paul Salter said, “Our Group has been an investor in Inference for some years, helping underpin the company’s growth plan and raise the capital required to support its global expansion and business objectives. This deal signifies an important achievement for the company and we are delighted to have been able to work with a leading global VC investor in PeakSpan and support Inference Technologies in their international expansion.”

Salter Brothers has invested in the deal via its SIV (Significant Investor Visa) Emerging Companies Fund.

Inference Technologies Group CEO, Mr. Callan Schebella said, “The Series-A investment from PeakSpan and Salter Brothers will allow the company to execute on its global vision as well as providing the capital to expand into regional markets. Salter Brothers has been a long-time supporter of the company and their partnership has been instrumental in positioning the company as an emerging player in the US market. PeakSpan brings to the table considerable experience in our market segments coupled with a track record of taking Australian Technology companies global. Inference is delighted to have both PeakSpan and Salter Brothers participate in the financing round.”

PeakSpan Capital Co-Founder and Managing Partner, Mr. Phil Dur said, “PeakSpan looks to invest in highgrowth businesses that are bringing disruptive solutions to market with a highly defensible business model and value proposition. Inference has developed a virtual agent platform and growing portfolio of use cases that address a palpable need in the market to provide exceptional multi-channel customer experience at an affordable price point. The company is an emerging leader in a sector that we think has massive potential and we couldn’t be more thrilled to partner with this management team and stakeholder base.”

Media contact:
Tina Orr
Hatching Communications
P: 0413 378 081

Salter Brothers Deal contact:
Tineyi Matanda | Investment Manager
Salter Brothers
P: +61 (0) 410 054 012