Pri0r1ty AI PLC, which offers custom AI GPT solutions for SME growth, has raised £550,000 in investment. The company aims to be listed on the London junior AIM market and provides various business growth services, including investor relations and commercial lending. Primorus Investments plc has invested approximately £300,000 for an 8.45% stake. Despite a loss of £51,530 in the year ended 2023, Pri0r1ty plans to use the funds to accelerate its go-to-market strategy, expand its team, and welcome its first customers. The investment round also includes £350k raised by Stratiphy in pre-seed funding. Additionally, Alteration Earth PLC, a Special Purpose Acquisition Vehicle, has agreed to acquire Pri0r1ty’s entire issued share capital, pending due diligence.
Artificial Intelligence, Financial Services, Software as a Service (SaaS), Investment,United Kingdom, Australia
https://businesscloud.co.uk/news/550k-to-launch-swiss-army-knife-for-sme-growth/