Cykel AI Secures Oversubscribed Funding Round

Mustang Energy Plc (GB:CYK) has released an update.

Cykel AI PLC, a UK-based AI technology firm, has successfully completed an oversubscribed capital raise, securing approximately £750,000 through the issuance of new shares. The funds will bolster the company’s working capital, supporting its AI-driven products designed to enhance operational efficiency and workflows for businesses globally. Following the capital raise, the company is poised to continue its growth trajectory as it capitalizes on the rapidly expanding artificial intelligence market.

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