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Forbidden Technologies has raised £3m through a share placing, with the money earmarked to boost sales and increase product development.
The shares were sold to institutional and other investors, including existing shareholders.
Chief executive Aziz Musa said: “We are building an increasingly strong pipeline of opportunities and the funds raised will help support our sales ambitions.”
Forbidden Technologies is the developer of cloud editing platform Forscene.
Ministers looking to help creative and AI sectors ‘grow and innovate together’
Execs from the BBC, ITN and C4 discuss moving from proofs of concept to integrating the technology into their working practices
PBS America, QVC, AMC Networks Interantional UK and GB News will be available next year
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