ISOTeam completes $10m funding raise
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ISOTeam has successfully raised $10 million through a share and convertible bond placement, fully subscribed by institutional investors such as Lion Global Investors and Azure Capital. Approximately 86.2 million new ordinary shares were issued. The majority of the funds (60%) will be allocated for the commercialization and development of AI-driven drones for façade painting and washing, while the rest will support general working capital, including hiring talent for digitalization efforts.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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