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Mighty Kingdom Ltd ( (AU:FTI) ) has issued an update.
FortifAI has completed the acquisition of FastAI and its Nol8 technology, finalised a development roadmap for the Nol8 AI Data Plane, and raised $20 million in strategic placements to accelerate technology, marketing and business development. The company reported $373,000 in quarterly customer receipts, a cash balance of $6.8 million with no debt, and ongoing investment in Nol8 and Mighty Kingdom’s studio while also settling legacy legal proceedings and reshaping its board and leadership team.
Nol8’s FPGA-accelerated engine has demonstrated dramatic throughput and cost-efficiency gains versus standard solutions, supporting FortifAI’s push to position the platform as an enterprise-grade AI infrastructure offering by late 2026. Meanwhile, Mighty Kingdom Games Studio is pursuing new contracts, tightening its cost base, and integrating AI-enabled production tools as existing agreements mature, underscoring a broader shift toward operational efficiency and diversified revenue streams within the group.
More about Mighty Kingdom Ltd
FortifAI Limited is an ASX-listed technology company focused on advanced artificial intelligence infrastructure through its Nol8 Agentic AI Data Plane, a high-speed layer bridging large language model inference and execution. The group also operates Mighty Kingdom Games Studio, which provides game development services, live operations support and IP monetisation within the competitive global games market.
Average Trading Volume: 868,309
Technical Sentiment Signal: Buy
Current Market Cap: A$266.2M
See more data about FTI stock on TipRanks’ Stock Analysis page.