Business · Companies · 1 hr ago
Perth AI firm Capability X prepares for ASX debut
Perth-based Capability X plans to debut on the ASX under ticker CX8 on November 12, with $12 million.
The company makes systems that use AI to monitor and help control remotely operated vehicles, drones and robots.
Its equipment combines laser sensors and cameras to build a 3D picture of an industrial site and identify objects, movement and possible hazards.
Its CX Protect system is designed to spot dangerous proximity events and alert operators before an incident occurs.
Capability X says the same information could help businesses find bottlenecks and improve productivity.
The company began in 2022 and has a multi-year agreement with marine services firm Bhagwan Marine that runs through December 2028.
The planned ASX listing is its next step, while its longer-term aim is to use workplace safety technology to support more automated industrial operations.
Perth-based AI developer Capability X is preparing to list on the Australian Securities Exchange under the ticker CX8.
The company is due to make its ASX debut on November 12, 2026, with $12 million.
Its technology is designed to monitor industrial workplaces, identify safety risks and support remote operations.
The company says its systems could also help businesses improve productivity and automate operations.
Capability X was established in November 2022 and has a multi-year agreement with Bhagwan Marine that runs through December 2028.
- Who
- Perth-based AI developer Capability X, led by founder and chief executive Chris Eastwell.
- What
- It is preparing for an ASX debut under the ticker CX8, with $12 million.
- When
- November 12, 2026.
- Where
- On the Australian Securities Exchange; the company is based in Perth.
- Why
- It aims to make industrial workplaces safer and support more efficient and automated operations.
This story does not have two clearly opposing sides.
Capability X was established.
Bhagwan Marine engaged Capability X to provide technology for remotely operating offshore equipment.
Capability X was reported to be preparing for its ASX debut the following day.
Capability X is due to make its ASX debut under the ticker CX8.
- ASX ticker
- CX8
- Funds for debut
- $12 million
- Headquarters
- Perth
- Established
- November 2022
- Bhagwan Marine agreement
- Runs through December 2028
What people are saying
Our vision at Capability X is to keep people out of harm’s way while helping business to operate more safely, efficiently and productively- on a global scale.