VerticalScope Announces Strategic Investment in AltaML
Unless otherwise stated, all amounts are in US dollars.
VerticalScope Holdings Inc. (“VerticalScope” or the “Company”) (TSX: FORA; OTCQX: VFORF), a technology company that has built and operates a cloud-based digital platform for online enthusiast communities, today announced an approximately $6.1 million investment in AltaML Inc. (“AltaML”), a Canadian applied artificial intelligence company. The investment takes the form of an 18-month, interest-bearing, secured promissory note issued by AltaML to the Company. AltaML also issued a five-year warrant exercisable by VerticalScope for preferred shares in AltaML, providing the Company with equity participation in AltaML as additional consideration.
The investment builds on VerticalScope’s existing relationship with AltaML, which VerticalScope engaged as an enterprise client to deploy applied AI across its platform and operations. The Company views applied AI as an important part of its longer-term strategy, and the investment deepens that relationship.
AltaML, founded in 2018, is an applied-AI company that delivers production-grade agentic workflows, large-language-model integrations and automation solutions to governments and enterprise clients in sectors including energy, legal, technology and financial services. AltaML uses a forward-deployed engineering model, embedding technical AI specialists directly with client teams, and is the developer of AltaForge, a proprietary agentic-AI platform.
