Street Talk
CSIRO-backed Trellis Data shops con notes; seeks $100m value cap
Trellis Data Group, a start-up deploying AI to deliver speech-to-text, computer vision and secure chat to clients like DP World and Indonesia’s police, has hired Bell Potter to shop a convertible notes raise with a circa $100 million valuation cap.
A presentation in front of potential investors, seen by Street Talk, said Trellis is seeking $10 million – with room to go up to $15 million – to get in shape for a float, including fast-tracking sales and marketing and beefing up its leadership.
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
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