Investment Case

Generative AI is moving from hype to enterprise reality. By 2030, the enterprise AI software and infrastructure market is expected to exceed USD 550 billion, driven by demand for sovereign cloud, regulatory-compliant solutions, and scalable platforms. Subgen AI is uniquely positioned at this intersection, delivering both the AI platform (Serenity Star) and the infrastructure (Substrate Cloud, AI Factories) that large enterprises and governments require to adopt AI with confidence.

Why Invest in Subgen AI?

1. Integrated Platform & Infrastructure

• Serenity Star: An enterprise-grade AI-as-a-Service (AIaaS) platform managing 100+ large language models (LLMs) with agent-driven workflows, real-time monitoring, and built-in compliance.
• Substrate Cloud & AI Factories: Proprietary GPU cloud services and 50 MW of sovereign European data center capacity under development, backed by a EUR 20 million government grant.
• The combined offering delivers an end-to-end solution that no U.S. hyperscaler can match for European sovereignty and compliance.

Reveneu and Ebitda overtime

2. Enterprise-Grade Security & Compliance

• Designed from the ground up for regulated sectors like healthcare, energy, legal, HR, and government.
• Includes audit trails, data masking, custom compliance modules.
• Regulatory tailwinds: Fully aligned with EU AI Act, a major barrier for competitors

3. Global Footprint, Local Expertise

• Listed in Stockholm, 140+ employees, commercial offices across the U.S., France, Spain, Uruguay, Brazil, and an integration hub in Argentina.
• Proven ability to deliver local compliance and implementation expertise at scale.

4. Proven Growth Model & Recurring Revenues

• Addresses key challenges large organizations face in adopting AI – cost, data security, regulatory, and technical integration – eliminating need for multiple vendors and offering a smoother, more secure AI deployment.
• Diversified revenue streams: software subscriptions, infrastructure capacity sales, and integration services.
• Diversified customer base: Top 10 customers = ~21% of revenue; no overreliance.
• “Pilot-to-deployment” model accelerates onboarding, driving recurring contracts and retention.

5. Strategic Partnerships & Defensible Position

• Partnerships with NVIDIA, Lenovo, Dell, Acciona, and Kyndryl ensure leading-edge hardware and scalability.
• Open, model-agnostic platform avoids vendor lock-in, appealing to enterprises wary of dependency.
• Supported by 15+ AI-related patents and a seasoned leadership team with experience in AI, compliance, and high-performance computing.

Conclusion

Subgen AI combines cutting-edge AI software, European sovereign infrastructure, and proven enterprise adoption to capture a once-in-a-generation technology shift. With global scale, compliance at its core, and a clear growth roadmap, Subgen AI is positioned to become Europe’s trusted AI champion.