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LONDON - Catenai PLC (AIM:CTAI), a company specializing in digital media and technology, has confirmed an investment in software company Alludium Ltd, acquiring a substantial shareholding. The investment follows the terms set out in a previously announced term sheet from April 11, 2025.
Catenai has purchased 757,403 ordinary shares at a price of 73 pence per share, which will result in the company holding an approximate 8.3% stake in Alludium’s issued share capital. This transaction, known as the First Investment, is financed through proceeds from a fundraising effort Catenai announced on the same date as the term sheet.
Alludium, a developer of a Multi-Agent Artificial General Intelligence (AGI) platform, focuses on automating processes and enhancing productivity through AI. The platform is designed to be compatible with various foundational AI models, including those from OpenAI, Anthropic, Meta (NASDAQ:META), Google (NASDAQ:GOOGL), and DeepSeek. Alludium’s technology has the potential to impact the enterprise automation software market, which is valued at $120 billion, and could also influence the $280 billion Business Process Outsourcing market.
Following the investment, Alludium plans to unveil its AI Agent technology and begin rollouts with select partners. The company’s website has been updated with additional information, providing insights into its offerings and capabilities.
The announcement of Catenai’s investment contains inside information as per the UK Market Abuse Regulation. It was released on behalf of Catenai by John Farthing, the Interim Chief Executive Officer.
The investment marks a strategic expansion for Catenai into the burgeoning field of artificial intelligence, aligning with broader industry trends towards increased AI integration in business processes. Catenai’s stake in Alludium represents not only a financial investment but also a potential collaborative opportunity in the AI technology space.
This news article is based on a press release statement from Catenai PLC.
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