Cirata raises £5.1m to accelerate AI growth strategy

Sheffield-based software business Cirata has raised £5.1m through an oversubscribed fundraising as it looks to accelerate customer acquisition and expand its AI-focused data platform.

The AIM-listed company secured £2.7m through a placing and £2.5m via a subscription, both priced at 15p per share. The fundraising also includes a retail offer targeting up to a further £380,000.

The issue price represents an 18.9% discount to the previous day's clos... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...