Rail Vision announces financial results for first half of 2024

RA’ANANA, Israel, Aug. 29, 2024 (GLOBE NEWSWIRE) — Rail Vision Ltd. (Nasdaq: RVSN) (“Rail Vision” or the “Company”), a development-stage technology company aiming to revolutionize rail safety and the data-related market, today reported financial results for the first half of the year ended June 30, 2024.

“We further strengthened our foundation in 2024 by completing a series of financing transactions that generated gross proceeds of over $12 million. On a business level, securing orders from global leaders and successfully delivering our advanced systems were key milestones for us. I am proud to say that all installations were performed with industry-leading partners, further strengthening our presence in the US market. The positive feedback we receive from these valued customers is consistent with our commitment to excellence and innovation as we continue to implement solutions that meet and exceed customer expectations. We have also begun providing fleet management, data and cloud services that allow our customers to see true system performance,” said Shahar Hania, CEO of Rail Vision.