Tech
‘We are at a turning point and must make difficult decisions’ – Altada founder
The Cork-based firm was aiming to reach billion dollar unicorn status, but internal emails and insider accounts reveal that it now faces ‘significant financial challenges’
When Allan Beechinor and Niamh Parker spoke to the Business Post in January, their confidence in Altada was clear.
Having just raised €11.5 million to fund the expansion of their Cork-based artificial intelligence (AI) firm, the husband-and-wife team mused about how quickly they would achieve a billion-dollar valuation and so-called unicorn status.
“Some of the nicknames we’ve heard are ‘unicork’ or ‘soon-icorn’. It’s exciting to know that’s coming,” Beechinor said.
With plans in place for ...
