The defence AI-focused company, which is chaired by the City grandee Sir Donald Brydon, has secured the new funding to fuel its expansion amid growing demand from national security clients, Sky News understands.
A defence-focused British artificial intelligence software company chaired by a veteran of City boardrooms has raised a substantial round of funding to fuel its expansion.
Sources said that Adarga, which is chaired by the former Royal Mail, London Stock Exchange Group and Sage Group chairman Sir Donald Brydon, had notified shareholders about the fundraising this week.The round is said to have been led by Boka Group Holdings, whose founding managing director, John James, runs a New York-listed special purpose acquisition company called Fusion Acquisition Corp II.
Three years later, it announced the completion of a £7m Series A funding round led by Allectus Capital, with Moore Strategic Ventures also participating.Advertisement
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