Subgen AIthe artificial intelligence company that develops models as a service (models-as-a-service) and sells them through the ecosystem. Serenity Star to scale AI in companies, has acquired a 20.75% stake in Substrate AI, the artificial intelligence company listed on BME Growth. In this way, it has become its largest shareholder following the restructuring carried out by its controlling shareholders.
With this move, Subgen AI becomes the main shareholder of the Substrate AI group.
With this step Subgen AI becomes the main shareholder of a group that develops and sells artificial intelligence solutions through Serenity Star in Europe, USA and Latam. Within this group, Substrate AI will continue to do what it has always done: buy and transform companies with artificial intelligence technology. This process has already been carried out with Quarta Dimensión Médica SL o Fleebe AIThe company is also working with companies such as Soygiri and Nabbu in the Edtech sector and Save the Planet in the energy sector.
"With this move we consolidate a group that will have a turnover this year of about 20 million euros and will have a positive EBITDA and we are preparing for the next step of the company, to grow through the sale and integration of Serenity Star in companies with the focus on the American market. The US is the most mature market in terms of the use of artificial intelligence in companies and it is the market you must be in if you want to have a chance in this incipient sector, that is why we have just participated with Serenity Star in the AI Summit NY 2024", notes Lorenzo Serratosa, CEO of Subgen AI
So far, the media focus of AI has been on infrastructure and the creation of large models such as Open AI or Anthropic, but it will soon pivot towards the platforms needed to integrate all these resources into the day-to-day life of companies to drive the real revolution that AI will bring about, and there the integrator companies will have a lot to say.
Among its assets, Subgen AI has more than 15 AI patents developed by its R&D department under the leadership of Bren Worth and actively collaborates in its developments with the Rensselaer Polytechnic Institute of NY and his professor Mei Si. Some of these patents are at the basis of Serenity Star, which also functions as an ecosystem that offers all the new LLMs and developments of the big players so that no customer is interrupted by the new advances in AI that occur daily.
Subgen AI launched its first compliance-focused LLM in September this year as part of its MaaS solution focused on helping compliance officers with the enormous internal control challenge posed by the massive use of AI in companies.
Substrate AI, which listed on BME Growth in May 2022, operates as a holding company for companies that apply and develop artificial intelligence in their sectors with a focus on creating efficiencies that drive the economy on its path to sustainability and emissions neutrality by driving sector champions in the use of AI.
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