LONDON: Catenai PLC (AIM: CTAI), a publicly traded provider of digital media and technology solutions, has signed a subscription agreement with AI automation company Alludium Ltd.
The agreement follows the non-binding term sheet announced on April 11. Under the terms, Catenai will invest in 757,403 ordinary shares of Alludium at a price of 73 pence per share. The investment will be funded through proceeds from Catenai’s recent fundraising initiative and, upon completion, will give the company an approximately 8.3% stake in Alludium’s issued share capital.
Alludium, a developer of Multi-Agent AGI technology, offers AI-driven process automation and productivity solutions. The firm operates in the growing enterprise automation software sector, which has an estimated market value of $120 billion, and aims to disrupt the $280 billion Business Process Outsourcing industry.
The company’s AI platform integrates with leading foundational AI models, including OpenAI’s GPT models, Anthropic’s Claude, Meta’s Llama, Google’s Gemini, and DeepSeek. Alludium is expected to announce its AI agent technology rollout with select partners soon.