Intelligent Ultrasound is to raise £5.2m with a share placing.

The company supports clinicians in their use of ultrasound by harnessing the power of artificial intelligence and simulation technology.

The Cardiff-based firm, which also has a base in Oxford, will issue 49.4 million ordinary shares.

It said the funds will be used to complete initial development work on new ScanNav products for liver, prostate and COVID-19.

Chief executive Stuart Gall said: "We are an ambitious business that is creating and developing world-leading AI image analysis software to support clinicians in their use of ultrasound and I would like to thank our shareholders for enabling us to continue to build upon the success we achieved in 2019."

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