Shareholders in Laurence Escalante-backed surveillance company icetana AI have benefitted from a sixfold increase of the firm's share price, after a deal with a Japanese tech giant.
Laurence Escalante could more than double his stake in AI-driven surveillance company icetana and become its largest shareholder, as the company gears up to enter Iraq.
Perth-based artificial intelligence surveillance software company icetana AI shares are up 44 per cent in the five days since it released strong quarterly results.
Laurence Escalante more than doubled his stake in artificial intelligence software firm icetana, joining global technology giant Macnica Inc and another rich-lister, Peter Meurs.
Gaming entrepreneur Laurence Escalante has acquired almost 10 per cent of software business icetana as part of a changing of the guard in major support.
Western Australia's latest initial public offering has brought together an unlikely pairing – a tech company that has been strongly supported by venture capital investors and a stockbroking firm that has traditionally focused on the mining sector.
