Artificial Intelligence Technology Solutions, Inc.
Artificial Intelligence Technology Solutions, Inc. at TMX Newsfile
www.newsfilecorp.comHere are the latest publicly available updates on Artificial Intelligence Technology Solutions Inc. (AITX) based on recent press and filings I can access:
- Funding activity: In mid-May 2026, the company announced a private placement aimed at raising approximately $0.7 million through the issuance of common shares. This indicates ongoing capital-raising efforts to support operations or growth initiatives [source: Marketscreener snippet, May 19, 2026].[1]
- Strategic and product updates: In May 2026, AITX and its subsidiary Robotic Assistance Devices (RAD) unveiled SCANNA, a platform intended to enhance security by leveraging existing cameras. This represents continued emphasis on expanding RAD’s security ecosystem and leveraging Sara AI capabilities [source: Marketscreener snippet, May 18, 2026].[1]
- Operational orders and deployments: Throughout 2026, the company reported multiple customer orders and deployments for Rio 360, ROSA, Rio Mini, and Sara-powered devices across various sectors (hotel chains, logistics, construction, and property management). These press releases underscore active commercial adoption and recurring revenue streams from deployed RAD and ROSA devices [sources: Marketscreener rows for Apr–Mar 2026].[2][1]
- Price actions: There was a noted 14% price increase across the hardware lineup with an effective date in May 2026, as disclosed in an April 2026 SEC filing update. This could reflect cost adjustments or product positioning in response to demand or component costs [source: Marketscreener, Apr 7–Apr 10, 2026].[2]
If you’d like, I can pull exact press-release titles, dates, and link citations for each item, or summarize the current financials and ARR hints from 2025–2026 filings. I can also set up a quick timeline or a chart of key product deployments and revenues if you’re tracking momentum. Would you prefer a concise timeline or a visual summary?
Note: Availability and precision of news can vary; if you want the most authoritative records, I can fetch the official 8-Ks, press releases, and earnings disclosures directly.