Cykel AI PLC, a prominent AI technology firm based in London, has successfully garnered £350,000 through a share placing following a reverse takeover and re-listing on the London Stock Exchange. The company, renowned for its products that interact seamlessly with various user interfaces through natural language commands, had previously floated on the Aquis challenger market in October, raising £1.75 million. The firm’s co-founder and CEO, Jonathan Bixby, is notable for his roles in NFT Investments, Argo Blockchain, Guild Esports, and Cellular Goods. With the new senior listing, Cykel AI aims to leverage its enhanced profile and credibility to access global capital and drive substantial growth, focusing on general working capital requirements.

Artificial Intelligence, Capital Markets, Technology,United Kingdom

https://businesscloud.co.uk/news/ai-firm-cykel-raises-350000-after-reverse-takeover/