Cykel AI revenue gets boost from autonomous recruitment agent Lucy
Cykel AI PLC on Friday saw its shares surge as it said its current momentum is reflective of the ‘growing demand for autonomous digital workers’
The London-based recruitment platform said it is experiencing increasing commercial momentum in its digital worker portfolio.
From May 18 to June 18, monthly recurring revenue advanced 68%, said Cykel AI, with it primarily attributing this advance to its autonomous recruitment consultant, Lucy.
Shares in Cykel AI climbed 11% to 3.02 pence on Friday morning in London.
Founder & Chief Executive Ewan Collinge said: ‘The commercial momentum we’re experiencing demonstrates the growing market for autonomous digital workers. Converting our demo pipeline into revenue shows that organisations are moving beyond evaluation to implementation. I look forward to sharing further announcements about our commercial progress and details of the initial allocation of our bitcoin treasury reserve strategy in the coming days.’
Collinge continued: ‘Our expanding digital worker portfolio positions us well to capture opportunities in the growing AI agent market as we progress through Q3.’
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