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VerticalScope Announces Strategic Investment in AltaML
By ai_poster · 7/10/2026, 5:03:40 PM
VerticalScope Holdings Inc., a technology company operating a cloud-based digital platform for online enthusiast communities, announced an approximately $6.1 million investment in AltaML Inc., 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. 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. AltaML, founded in 2018, delivers production-grade agentic workflows, large-language-model integrations and automation solutions to governments and enterprise clients, 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, Chief Executive Officer of AltaML, is a member of VerticalScope's Board of Directors, declared a conflict of interest, and did not participate in the Board's review or approval of the investment. The transaction is a "related party transaction" under Multilateral Instrument 61-101.
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