Recent AIM listee GenIP Plc (LSE:GNIP) has reported a ‘very encouraging’ level of demand following the launch of its new AI-based services and recruitment platforms at the start of September.
Orders worth US$121,000 have been signed since launch or the equivalent of 40% of 2023’s legacy service revenue.
This has included more than 80 Invention Evaluator Generative AI analytical assessments and four Vortechs executive search assignments.
GenIP expects the level of new orders to grow both from current and new customers.
To build on this, GenIP added it will attend healthcare and technology transfer events in Singapore and Brazil respectively.
Melissa Cruz, chief executive, commented: "We are highly encouraged by the strong demand for GenIP's Generative AI analytic services over the past five weeks, with total orders amounting to approximately $121,000.
“We remain laser-focused on building on this momentum, expanding our client base, and delivering our services to research organisations globally."
GenIP raised £1.2 million in new money as part of its listing last week (2 October), with the shares priced at 39p.