VerticalScope Holdings Inc. (“VerticalScope” or the “Company”), 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, along with a five-year warrant exercisable by VerticalScope for preferred shares in AltaML.
VerticalScope invests ~$6.1M in AltaML via promissory note and warrant.
AltaML is an applied AI company delivering production-grade agentic workflows and LLM integrations.
AltaML developed AltaForge, a proprietary agentic-AI platform.
Investment builds on existing enterprise client relationship.
Cory Janssen, AltaML CEO, is VerticalScope Board member (declared conflict of interest).
VerticalScope operates 1,200+ online communities with 90M monthly active users.
Chris Goodridge, Chief Executive Officer of VerticalScope, stated: "Applied AI is an important part of how we are building VerticalScope for its next phase of growth. We have worked with AltaML as an enterprise client, and this investment deepens that relationship as we apply AI across our communities and operations."
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.
AltaML intends to use the proceeds to refinance existing convertible notes and for working capital and continued investment in its AltaForge platform and go-to-market activities.
Cory Janssen, Co-Founder and Chief Executive Officer of AltaML, stated: "We are pleased to welcome VerticalScope as an investor. This financing supports continued investment in our AltaForge platform and our enterprise and government growth."
Cory Janssen, Chief Executive Officer of AltaML, is a member of VerticalScope's Board of Directors. Mr. Janssen declared a conflict of interest with respect to this transaction and did not participate in the Board's review or approval of the investment.
About VerticalScope Holdings Inc.
Founded in 1999 and headquartered in Toronto, Ontario, VerticalScope is a technology company that has built and operates a cloud-based digital platform for online enthusiast communities in high consumer spending categories. VerticalScope has built a portfolio of over 1,200 online communities and approximately 90 million monthly active users.
About AltaML
AltaML is an applied artificial intelligence company headquartered in Edmonton, Alberta. Founded in 2018, AltaML helps organizations in the public sector, energy, construction, legal, technology, and commercial markets build and deploy production-grade AI solutions. AltaML is the developer of AltaForge, a proprietary agentic-AI platform purpose-built for enterprise deployment.
