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Kreston Reeves has acted as reporting accountants to Kondor AI on its admission to the Aquis Stock Exchange.
The London-based developer of vision-based AI products was admitted on 21 December in a move that raised £1.5m.
The Kreston Reeves team was led by Corporate Finance director Craig Dallender, Corporate Finance assistant manager Lloyd Halliwell, partner Anne Dwyer and audit manager Claire Faruque.
In the past 12 months, Kreston Reeves has acted as reporting accountants to Cykel AI and Kondor AI on their admission to the Aquis Stock Exchange alongside deals with a combined value exceeding £120m.
Jonathan Bixby, co-founder and executive chairman at Kondor AI, said: “Kondor’s debut on the AQUIS market is a major step in the company’s development and provides a strong foundation to execute our long-term growth strategy.
“We are delighted with the strong support from a wide range of investors to build a global AI vision company under the Kondor brand. We are grateful to the Kreston Reeves team for their support in this significant milestone.”
Craig Dallender added: “We are delighted to have supported Kondor AI in its admission to the Aquis Stock Exchange as reporting accountants – it is an important step in its growth journey.
“It is the second AI company that we have helped list on AQSE, having acted as reporting accountants to Cykel AI in November and shows the strengths we have to help businesses grow through listings, fundraising and mergers and acquisitions.”
