- CEO
- Jose Ivan Garcia Braulio
- Full Time Employees
- 251
- Sector
- Commercial services
- Industry
- Miscellaneous commercial services
- Address
- Calle Cronista Carreres Madrid MA Spain 46003
- IPO Date
- May 17, 2022
- Business
- Substrate Artificial Inteligence, S.A. (SAI.MC) develops and commercializes artificial intelligence solutions and infrastructure, primarily through a SaaS model and proprietary biologically-inspired reinforcement learning technology; its core offerings include the Serenity Star platform providing generative AI with Models as a Service (MaaS), multi-agent systems, co-pilots, and access to over 100 large language models; specialized products across sectors such as agritech, energy, fintech, human resources, health, edtech, and deeptech via portfolio companies like Fleebe AI for HR, AI4D for veterinary diagnostics, and solutions for predictive maintenance and smart clinics; additionally, it sells computation resources and constructs AI factories, including a data center in Talavera de la Reina supported by a EUR 19 million government grant. The company operates in Spain with offices in Madrid, Talavera de la Reina (Toledo), and Valencia, targeting enterprise clients, governments, and research organizations across Europe for sovereign AI infrastructure. Founded in 2010 and headquartered in Madrid, Substrate Artificial Inteligence holds listings on BME Growth since May 2022, Aquis Stock Exchange, and OTC Markets. Recent developments include acquisitions of 4D Medica for EUR 2 million and Diagximag for EUR 2.6 million to bolster health sector capabilities, totaling EUR 8.1 million invested with R&D; two HR sector acquisitions in the USA (revenue EUR 1.5 million, EBITDA EUR 200,000) and Switzerland (revenue EUR 2 million, EBITDA EUR 350,000); spin-off of Subgen AI Limited completed in 2024 with Substrate retaining significant value through ongoing RTO/IPO processes valued at up to EUR 200 million; new financing of USD 2.22 million from Ascent Partners for AI factories and company acquisitions; reinforcement of infrastructure leadership with Mani Masshafi as CEO of Digital Infrastructure and engagement of Arcano Partners for data center financing; expansion of corporate purpose to encompass AI factory construction and direct compute sales; cancellation of convertible bond program in October 2025 in favor of long-term equity and debt financing; and progression toward listings of subsidiaries Subgen AI on Nasdaq First North Growth Market and 4D Medical on the London Stock Exchange.