Cykel AI PLC has raised £350,000 in fresh capital via a share placing.

The London firm’s products can interact with any UI, website or API using natural language commands.

After floating on the Aquis challenger market last October, raising £1.75 million, it recently underwent a reverse takeover and relisted on the London Stock Exchange.

Co-founder and CEO Jonathan Bixby is behind Aquis-listed NFT Investments and also co-founded Argo Blockchain, Guild Esports and Cellular Goods.

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“Following completion of the reverse takeover and re-listing on the London Stock Exchange, we are delighted to raise fresh capital,” said Bixby. 

“The last few years have seen massive growth in the AI technology market. A senior London stock market listing will provide us with the profile, credibility, and access to global capital to drive our growth.”

The net proceeds of the placing will be used to fund the company’s general working capital requirements.

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