Wandisco (GB:CRTA) has released an update.
Cirata plc, a data activation platform, is undergoing a $7 million equity fundraise at 55 pence per share to bolster its balance sheet and fuel its ambitious growth plans following a successful company rebuild and strategic repositioning. The fundraise includes a combination of a placing of shares, subscriptions by third-party investors and directors, and a retail offer, with the proceeds aimed at achieving cash flow break-even by FY24. With significant progress in its pipeline, boasting 110 opportunities, and partnerships with major industry players, Cirata is capitalizing on a multi-billion dollar market opportunity in Data Integration and DevOps.
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