RNS 16.1% in Alludium13 Mar 2026 07:46
Catenai PLC (AIM: CTAI), the AIM-quoted provider of technology and digital solutions, is pleased to announce that it has made a further investment of £250,000 (the "Investment") into Alludium Ltd ("Alludium), a developer of a no-code AI Agent Operating System.
The Investment is part of a £1 million fundraising by Alludium at a pre-money valuation of £9 million, which will increase Catenai's shareholding from approximately 13% to 16.1%. The Investment follows Alludium's successful public-commercial launch, announced on 10 March 2026, with the funds to be used for marketing initiatives and to further enhance the Alludium platform.
Alludium is a pre-revenue company and its first full year results have been published and report a loss of approximately £33,000 for the year ended 31 August 2024.
The Investment will be made from existing cash reserves and Catenai confirms that it continues to have sufficient cash resources to cover corporate costs beyond the next 18 months from the date of this announcement.