Tech
Former investor files petition to liquidate Altada as deadline for new buyers nears
The Cork-based AI firm which was once touted a billion-euro start-up was placed in receivership in November after it ran into financial difficulties
Altada, the Cork-based technology company, faces liquidation after a petition was filed on Friday to have the firm wound up. The moves comes ahead of a deadline for interested buyers in the artificial intelligence company to make bids for the firm, which is in receivership.
Jeffrey Leo, a US financier and founding investor in Altada, is behind the move to have the company liquidated. Leo, who opposed the company’s exit from examinership in 2019 following ...
