Allied Minds PLC - Boston, Massachusetts-based intellectual property commercialisation company - Portfolio company Orbital Sidekick Inc completes closing of its USD16 million series A funding it secured in December. Says the funding was led by Temasek, an investment company headquartered in Singapore, with participation from Energy Innovation Capital, Syndicate 708 and 11.2 Capital. Allied Minds committed USD2.5 million back in December.
"OSK will use proceeds from the financing to expand its innovative product updates, new strategic partnerships, and introduce its advanced monitoring technology to new industries," says Allied Minds.
Current stock price: 24.00 pence
Year-to-date change: down 26%
By Zoe Wickens; zoewickens@alliancenews.com
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