Arria NLG, an automated writing developer spun-out from the University of Aberdeen, is due to announce plans to float on the Alternative Investment Market (AIM) by the end of the month, according to news provider The Times.
The company will have a £100m valuation when it joins AIM, marking sizeable returns for Aberdeen which still has a 5% stake in the company. Its four founding members also retain a 17.5%.
The NLG in Arria’s name stands for natural language generation,…
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Global University Venturing (GUV) is where tech transfer, academic and investment experts meet to explore the latest ideas and technologies driving innovation forward. We drive the discussions and share best practices that are critical to the success of spinouts, scaleouts and innovation programmes. Our aim is to help improve the processes of bringing innovations from academia to global markets and facilitate their integration into the broader business ecosystem.
