A technology firm behind a hardware product that considerably increases data speeds has received £1.2 million in funding to help it develop and grow.
Nicholas Psaila, chief executive officer of Optoscribe, said the investment round would “significantly transform” the business.
Investment syndicate Archangels led the funding, providing £825,000. This was supported by Edinburgh venture capital firm Par Equity, who invested £325,000, and Scottish Investment Bank (SIB), which contributed £50,000.
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