LONDON, UK: Substrate AI (SAI/SAI.B) has entered into an agreement with the FINRA-regulated Californian investment bank, GT Securities, to identify potential investors or partners for its subsidiary, the generative artificial intelligence company Subgen AI Ltd and raise at least €10 million. The agreement valued Subgen AI at €200 million and the investment round will be…
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Substrate AI buys majority stakes in both BINIT. and DELTANOVA
LONDON: Substrate AI has completed the acquisition of an additional 21% of the share capital of both BINIT, S.R.L. and DELTANOVA, S.A., the parent companies of the BINIT Group. In November 2023, the Company announced that it had acquired 70% of these companies for a total consideration of €6,000,000. As per the announcement dated 03…
Substrate AI to acquire 70% of parent companies of the BINIT Group
LONDON, UK: Substrate AI has agreed on the terms for the acquisition of 70% of the companies BINIT SRL and DELTANOVA SA, parent companies of the BINIT Group. The BINIT Group is a software development consultancy in Spain, the UK and Latin America. It has more than 100 employees in these markets and a consolidated…