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SysGroup (AIM:SYS) has announced the successful completion of an oversubscribed placing and subscription, with the company raising £10 million to fund its growth strategy in the Artificial Intelligence (AI) sector. The company, which provides technology solutions for cloud, data, and security, aims to become a leading player in the AI market by leveraging its expertise in these areas. The funds raised will be used to invest in AI technologies and expand the company’s capabilities in this rapidly growing field.