Substrate AI-Class B - Investment round for subsidiary, Subgen AI Ltd
Announcement provided by
Substrate Artificial Inteligence S.A. Class B · SAI.B21/03/2024 17:00
21 March 2024
SUBSTRATE ARTIFICIAL INTELIGENCE SOCIEDAD ANONIMA
("Substrate AI" or the "Company")
Substrate AI launches investment round for its subsidiary, Subgen AI Ltd
Substrate AI (AQUIS: SAI/SAI.B) announces that it has entered into an agreement with the FINRA-regulated Californian investment bank, GT Securities (the "Agreement"), to identify potential investors or partners for its subsidiary, the generative artificial intelligence ("AI") company Subgen AI Ltd ("Subgen AI") and raise at least
The Agreement valued Subgen AI at
Subgen AI is a company focused on generative AI that is developing its own "domain specific" LLM models and has launched Serenity Star, an ecosystem to scale generative AI with more than 100 LLMs and agents, co-pilots and plugins that allow generative AI projects to be built in companies from a low-code-no-code point of view, this is, without having to be specialist in the field, thus democratizing the use of this technology.
"We want to boost Subgen AI's business with new funding from this round to capture commercial opportunities more quickly with Serenity Star and our LLMs. The generative AI sector is growing fast and speed is crucial to be able to gain market share," says Lorenzo Serratosa, CEO of Subgen AI.
The Directors of the Company accept responsibility for the contents of the announcement.
For further information, please contact:
Substrate AI |
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Lorenzo Serratosa Chairman |
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First Sentinel Corporate Finance Corporate Advisors |
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Brian Stockbridge
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+44 (0) 7858 888 007
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About Substrate AI: Substrate AI is an artificial intelligence company based in
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