ICE - iCetana develops AI video analytics software for managing surveillance networks. Today they announced a partenership with SoftBank Robotics Group. A few agreements including SoftBank Robotics taking a strategic position of 17.6% in ICE and an annual recurring revenue of $693k, a development agreement of $1.08m over 3 years. Market cap of ICE is around $11.83m (although that wouldn't include the shares issues to SoftBank). SOI around 438m (also excluding that placement).
Very impressive name dropping and a great partnership, imo. However, it is only small bickies for SoftBank so not necessarily meaningful for them. At a glance, this deal won't get ICE anywhere near cashflow positive. On the plus side, their debt level is very low.
