Altada, the Cork-based AI start-up, has raised debt finance from two investors, money secured by a floating charge on its intellectual property. The business, which was founded by Allan Beechinor and Niamh Parker, raised a high six-figure sum from two Irish families on September 16 using a debenture, according to filings with the Company Registrations Office. Altada raised the debt finance from Grattan Boylan and Noreen Gallagher of James Boylan Safety, Milltown Business Park, Milltown, Co Monaghan as well as Alan Bruce and Lynn Bruce of Meadowlands, Upper Rochestown Road, Rochestown, Cork. James Boylan Safety, which trades as the JBS…

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