Altada’s Allan Beechinor and Niamh Parker address the controversies and the future of the hotly tipped artificial intelligence start-up. But what is really going on?
The AI data firm has had to furlough employees after failing to raise a series A round earlier this year. It is now working on an alternative funding plan.
Altada has survived insolvency and a shareholder battle. Just. There has been a great cost to the three founders, who have been wiped out in the examinership. Now, however, the Cork based tech start-up has a new champion.
Altada was heralded by global research firm Gartner. IBM liked its product. But a courtroom battle between its founders took the company into examinership.
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