|
Catenai PLC on Friday said it invested a further £250,000 in Alludium Ltd, a developer of a no-code artificial intelligence agent operating system. The London-based digital media and technology company’s investment is part of a £1.0 million fund raise by Alludium at a £9.0 million pre-money valuation, and lifts its stake to 16% from around 13%. The Investment follows Alludium’s public-commercial launch, announced on Tuesday, with the funds to be used for marketing initiatives and to further enhance the Alludium platform. Following the launch, Catenai issued 100.0 million warrants to the founders of Alludium exercisable at 0.3 pence each, exercisable for 18 months. Catenai said it will fund the investment from existing cash reserves and confirmed that it continues to have sufficient cash resources to cover corporate costs beyond the next 18 months. Catenai Interim Chief Executive John Farthing said: ‘We are delighted to have made our second investment in Alludium following its successful public launch. We believe the platform has the capability to revolutionise the business landscape through automation, boosting corporate growth and employee productivity. Catenai will continue to be in a strong financial position following the investment and looks forward to providing the market with further updates.’ In addition, Catenai said it is reviewing the company’s bitcoin treasury policy, having not yet made any purchases. Shares in Catenai traded 14% higher at 0.30 pence each in London on Friday afternoon. Copyright 2026 Alliance News Ltd. All Rights Reserved.
|
