IntelliAM [AQSE:INT], becomes the latest addition to the Aquis market, having completed its IPO on 3rd July, with an initial market capitalisation of around GBP15.4m raising around GBP5m. A day later the Sheffield-based AI and machine-learning firm increased its market cap by GBP2.4m by acquiring the physical asset management company 53 North.
53 North specialises in the asset management of mainly fast-moving consumer goods, helping its clients improve the lifespan, performance and overall value of their equipment.
- IPO Radar: Septerna, Swiggy and Horizon Robotics
- Not all semiconductor stocks are created equal
- IPO Radar: Lightmatter, Lulu Retail Holdings and Horizon Robotics
IntelliAM was founded in July 2023, according to Companies House, and collects and analyses data from the machines and operational systems that its clients use in their manufacturing processes. The company then designs and develops artificial intelligence models from the data. These models can tell IntelliAM’s clients where process inefficiencies are occurring with the aim of increasing productivity, improving reliability, optimising the supply chain, making the clients’ energy consumption more efficient and driving sustainability models.
IntelliAM making industry more efficient
In essence, IntelliAM helps manufacturers get more out of their existing equipment by optimising processes, making their clients’ machinery run more efficiently and reducing waste. IntelliAM is another feather in the cap for Aquis, which was established to capture small- to medium-sized new listings. The listing of this technology business in AI – a sub-sector that the new UK government has prioritised for the next Parliament – is a vote of confidence in the challenger market, which in the next five years would hope to become the market of choice for new technology companies looking to debut on public markets.
AI has attracted much attention over the past twelve months as some of the world’s tech giants unleashed a swathe of Large Language Models including ChatGPT, Copilot and Gemini publicly. This has impacted the consumer sector, however the biggest impact of AI in the coming decades will be most felt in industry.
In manufacturing AI can provide predictive maintenance, stemming off potential machinery failures before they occur, offer quality control, optimise machinery performance and enhance the efficiency of robotics. The warehouses of the future are also going to be AI-enhanced with systems developed that can analyse demand curves from historical sales data, so that the warehouse knows automatically how much product needs to be moved and, importantly, where to. AI also will soon be taking a greater role in the management of energy and utilities.
Lighthouse recognition from Digital Innovation Fund
IntelliAM hasn’t let moss grow on it since it listed. Following the acquisition of 53 North, it secured GBP263,000 from the Digital Innovation Fund being named a ‘Lighthouse’ for AI with the funding earmarked for a project that would research the application of AI into lubrication analysis to be completed this financial year.
The recent acquisition of 53 North and recognition as a Lighthouse project by the Digital Innovation Fund solidify IntelliAM’s position as a key player in the industrial AI space. Aquis can be proud to have such a promising young company join its ranks, and IntelliAM’s focus on real-world manufacturing applications aligns perfectly with the growing importance of AI in optimizing industrial processes. With the UK government prioritizing AI development, IntelliAM’s listing on Aquis is a potential win-win for both company and exchange, paving the way for a future where Artificial Intelligence becomes an indispensable tool for manufacturers around the world.