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Flowstate secures $600,000 in debt funding to expand its video capture system.

Aug 15, 20254 months ago

Amount Raised

$600,000

Melbourneinformation technology & servicesSoftwareArtificial Intelligence

Description

Flowstate, known as the 'Strava of surfing', has raised $600,000 in debt funding. This funding will be used to enhance their innovative video capture system. The investment aims to support the company's growth in the surfing community. This influx of capital signifies investor confidence in Flowstate's product.

Company Information

Company

Flowstate

Location

Melbourne, Victoria, Australia

About

Flowstate is content platform for the surfing community. Leveraging the power of AI and machine learning, Flowstate has created the industry leading computer vision technology. Winner of the 2023 Innovation Award at the Surf Park Summit, the Flowstate technology & product suite creates amazing digital experiences for both surfers and wavepark operators. Our dedicated product suite for Wavepark operators enables them to amplify their brand, drive loyalty and create additional revenue streams through the addition of automated videography services. The Flowstate platform is both a local, and global community of surfers where your surfing does the talking.

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Funding Insights

Based on industry data
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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech