VALÈNCIA (VP). Substrate AI, the Valencian artificial intelligence company listed on the BME Growth, has been chosen to be part, from March 20, of the BME Growth Ibex Growth 15 index, which will be published in the Ibex Growth 15. measures the performance of the fifteen companies with the highest trading volume in the BME Growth segment of the BME MTF Equity Market.. The index is a price index, weighted by the free float-adjusted market capitalization of each company and includes companies such as Holaluz, Gigas or EIDF.
Substrate AI is the first artificial intelligence company to be listed in Spain and went public in May 2022.. The company operates as a holding company of companies that sell, apply and develop artificial intelligence in their sectors, with a focus on creating efficiencies that drive the economy on its path to sustainability and emission neutrality.
The companies that make up the Substrate AI portfolio develop and sell artificial intelligence solutions in sectors such as Healthcare, Agritech, Fintech, Human Resources and Energy. In addition, the company offers consulting services for other companies that wish to implement artificial intelligence solutions in their day-to-day business. With these businesses in place, the company has more than doubled its revenues in 2022 compared to 2021 4 million and plans to grow by another 100% in 2023 according to its business plan published in June 2022.
Among its objectives for this year are the launch of a capital increase for U.S. investors, the development of a platform for AI developers to reduce the environmental impact of algorithms by reducing training time and to resume corporate operations by acquiring companies that either complement those already in its portfolio or enable the company to apply its technology in new sectors.
In addition to BME Growth, the company is listed on the American OTC market and is working to list on new markets in the future.