Tialis Essential IT PLC (LSE:TIA) announced the creation of a new subsidiary, AI Auxesis Limited, to house its consultancy operations.
The new business unit will be led by Andy Mills and Ian Smith, and it aims to combine AI consultancy with capital investment.
An initial £250,000 funding will support its first revenue-generating project.
Mills and Smith are making this investment, each taking 25% of AI Auxesis, in return for a subscription in Tialis shares priced at 60p.
"We have a healthy pipeline of consulting and investing opportunities and are delighted to be working with Tialis to bring this new business to market, we see us scaling this business over the next five years to a considerable size,” Mills said.