Substrate Artificial Intelligence (AQSE:SAI.B, OTCQB:SUIAF), the artificial intelligence company listed on the BME Growth market, has closed an agreement with the Californian investment bank GT Securities to carry out a €10 million investment round for the generative AI company Subgen AI, valuing it at €200 million.
Subgen AI is focused on developing its own domain-specific large language models (LLMs). It has launched Serenity Star, an ecosystem to scale generative AI with more than 100 LLMs and agents, co-pilots and plugins that allow generative AI projects to be built with either low code or no code at all.
"We want to boost Subgen AI's business with new funding from this round to capture more market quickly with Serenity Star and our LLMs. The generative AI sector is growing very fast and speed is crucial to be able to gain share," says Lorenzo Serratosa, CEO of Subgen AI.
Since debuting as Spain's first AI company on the BME Growth in May 2022, Substrate AI has grown its portfolio across several sectors, emphasizing efficiency and sustainability.
The firm has also broadened its reach with dual listings in London and the US, targeting new investors and customers globally.