Alset AI Announces Strategic Investment in Real Estate AI Innovator Blueprint AI, Expanding its Portfolio of Artificial Intelligence Companies
Alset AI Ventures (TSXV:GPUS, OTC:ALSCF) has announced a strategic investment in Blueprint AI Technologies, acquiring an 11.56% equity stake for $150,000. Blueprint AI develops AI solutions for real estate, focusing on automating architectural drawing reviews and building code compliance. The deal includes a commitment for an additional $200,000 investment contingent on Blueprint AI raising at least $400,000 in its next financing round.
The partnership includes Alset AI serving as strategic advisor, with CEO Adam Ingrao appointed as Board Observer. Alset AI can receive up to 555,532 additional shares upon achieving specific milestones. The companies are exploring a potential alliance where Alset's portfolio company, Cedarcross Technologies, could become Blueprint AI's exclusive cloud computing provider.
Alset AI Ventures (TSXV:GPUS, OTC:ALSCF) ha annunciato un investimento strategico in Blueprint AI Technologies, acquisendo una partecipazione azionaria dell'11,56% per $150,000. Blueprint AI sviluppa soluzioni di intelligenza artificiale per il settore immobiliare, concentrandosi sull'automazione delle revisioni dei disegni architettonici e sulla conformità ai codici edilizi. L'accordo prevede un impegno per un ulteriore investimento di $200,000, subordinato alla raccolta di almeno $400,000 da parte di Blueprint AI nel suo prossimo round di finanziamento.
La partnership include Alset AI come advisor strategico, con il CEO Adam Ingrao nominato come Osservatore del Consiglio. Alset AI può ricevere fino a 555,532 azioni aggiuntive al raggiungimento di specifici traguardi. Le aziende stanno esplorando un potenziale alleanza in cui la società di portafoglio di Alset, Cedarcross Technologies, potrebbe diventare il fornitore esclusivo di cloud computing di Blueprint AI.
Alset AI Ventures (TSXV:GPUS, OTC:ALSCF) ha anunciado una inversión estratégica en Blueprint AI Technologies, adquiriendo una participación del 11,56% por $150,000. Blueprint AI desarrolla soluciones de inteligencia artificial para bienes raíces, enfocándose en la automatización de revisiones de dibujos arquitectónicos y el cumplimiento de los códigos de construcción. El acuerdo incluye un compromiso para una inversión adicional de $200,000, condicionada a que Blueprint AI recaude al menos $400,000 en su próxima ronda de financiamiento.
La asociación incluye a Alset AI como asesor estratégico, con el CEO Adam Ingrao nombrado Observador de la Junta. Alset AI puede recibir hasta 555,532 acciones adicionales al alcanzar hitos específicos. Las compañías están explorando una posible alianza en la que la empresa del portafolio de Alset, Cedarcross Technologies, podría convertirse en el proveedor exclusivo de computación en la nube de Blueprint AI.
Alset AI Ventures (TSXV:GPUS, OTC:ALSCF)이 Blueprint AI Technologies에 전략적 투자를 발표했습니다. 이 회사는 $150,000에 11.56%의 지분을 인수했습니다. Blueprint AI는 부동산을 위한 AI 솔루션을 개발하며, 건축 도면 검토 및 건축 법규 준수의 자동화에 중점을 두고 있습니다. 이 거래에는 Blueprint AI가 다음 자금 조달 라운드에서 최소 $400,000를 모금하는 조건으로 추가 $200,000 투자의 약속이 포함되어 있습니다.
파트너십에는 Alset AI가 전략적 고문으로 참여하며, CEO Adam Ingrao가 이사회 옵서버로 임명됩니다. Alset AI는 특정 이정표를 달성할 경우 최대 555,532주의 추가 주식을 받을 수 있습니다. 양사는 Alset의 포트폴리오 회사인 Cedarcross Technologies가 Blueprint AI의 독점 클라우드 컴퓨팅 제공업체가 될 수 있는 잠재적인 제휴를 탐색하고 있습니다.
Alset AI Ventures (TSXV:GPUS, OTC:ALSCF) a annoncé un investissement stratégique dans Blueprint AI Technologies, acquérant une participation de 11,56 % pour 150 000 $. Blueprint AI développe des solutions d'intelligence artificielle pour l'immobilier, en se concentrant sur l'automatisation des révisions de plans architecturaux et la conformité aux codes du bâtiment. L'accord comprend un engagement pour un investissement supplémentaire de 200 000 $, sous réserve que Blueprint AI lève au moins 400 000 $ lors de son prochain tour de financement.
Le partenariat inclut Alset AI comme conseiller stratégique, avec le PDG Adam Ingrao nommé Observateur du Conseil. Alset AI peut recevoir jusqu'à 555 532 actions supplémentaires en atteignant des étapes spécifiques. Les entreprises explorent une alliance potentielle où l'entreprise de portefeuille d'Alset, Cedarcross Technologies, pourrait devenir le fournisseur exclusif de services de cloud computing pour Blueprint AI.
Alset AI Ventures (TSXV:GPUS, OTC:ALSCF) hat eine strategische Investition in Blueprint AI Technologies angekündigt und eine Beteiligung von 11,56 % für 150.000 $ erworben. Blueprint AI entwickelt KI-Lösungen für die Immobilienbranche und konzentriert sich darauf, die Überprüfung von architektonischen Zeichnungen und die Einhaltung von Bauvorschriften zu automatisieren. Der Deal beinhaltet ein Engagement für eine weitere Investition von 200.000 $, die davon abhängt, dass Blueprint AI mindestens 400.000 $ in der nächsten Finanzierungsrunde aufbringt.
Die Partnerschaft umfasst Alset AI als strategischen Berater, wobei der CEO Adam Ingrao zum Beobachter im Vorstand ernannt wird. Alset AI kann bis zu 555.532 zusätzliche Aktien erhalten, wenn bestimmte Meilensteine erreicht werden. Die Unternehmen prüfen eine mögliche Allianz, bei der Alsets Portfoliounternehmen Cedarcross Technologies Exklusivanbieter von Cloud-Computing-Diensten für Blueprint AI werden könnte.
- Strategic acquisition of 11.56% stake in Blueprint AI for $150,000
- Potential for additional share acquisition based on performance milestones
- Opportunity to expand cloud computing services through Cedarcross Technologies partnership
- Entry into real estate tech market addressing documented industry inefficiencies
- Additional $200,000 investment commitment dependent on Blueprint AI's future fundraising success
- Performance milestones required for additional share acquisition may not be achieved
VANCOUVER, BC / ACCESSWIRE / December 20, 2024 / Alset AI Ventures Inc. (TSXV:GPUS)(OTC PINK:ALSCF)(FSE:1R60, WKN:A3ESVQ) ("Alset AI" or the "Company") an artificial intelligence (AI) venture company advancing innovation through strategic investment and high-performance cloud computing solutions, announces a strategic investment and advisory partnership with Blueprint AI Technologies Inc. ("Blueprint AI"), a Vancouver-based developer of artificial intelligence solutions for the real estate industry. This investment expands Alset AI's portfolio of companies and aims to align with its core strategy to leverage its flagship cloud computing portfolio company, Cedarcross International Technologies ("Cedarcross Technologies"), to support the commercialization of innovative AI solutions.
Blueprint AI's Transformative Technology and Strategic Rationale
Blueprint AI's flagship technology addresses critical inefficiencies in architectural drawing reviews and building code compliance. By automating traditionally labor-intensive processes, the platform aims to significantly enhance accuracy, reduce manual labor costs, and accelerate project timelines for both residential and commercial projects. In addition, the Company and Blueprint AI are exploring a strategic alliance with Alset AI's portfolio company Cedarcross Technologies, whereby Cedarcross Technologies could become Blueprint AI's exclusive cloud compute provider.
Blueprint AI's Vision and Leadership
Blueprint AI is designed to address pressing challenges in the real estate market, including construction delays, rising shelter costs, and housing shortages. Shelter costs have increased by
Blueprint AI was founded by Dr. Hao Liang, a recognized leader in artificial intelligence. Dr. Liang is the Canada Research Chair in Intelligent Energy Systems and an Associate Professor in the Department of Electrical and Computer Engineering at the University of Alberta. Dr. Liang specializes in leveraging advanced AI technologies, including large language models (LLMs), deep neural networks, and machine learning, to address complex challenges across sectors.
Management Commentary
"This investment underscores Alset AI's strategy to build a portfolio of high-impact AI companies that complement our cornerstone cloud computing investment, Cedarcross Technologies", said Adam Ingrao, CEO of Alset AI. "Blueprint AI embodies the type of strategic addition we aim to make, representing a transformative technology company with the potential to solve significant industry challenges, which we can then integrate with our Cedarcross Technologies cloud compute platform. We believe this partnership will drive scalable growth opportunities and create significant value for all stakeholders."
Transaction Details
On closing of the transaction, Alset AI will acquire 1,111,111 common shares of Blueprint AI at a deemed price of
As part of the partnership, Alset AI will serve as a strategic advisor to Blueprint AI and will appoint Adam Ingrao, Alset AI's CEO, as a Board Observer. Alset AI is also eligible to receive up to 555,532 additional common shares of Blueprint AI upon achieving specific performance milestones, which include securing CAD
Furthermore, discussions are underway to explore a potential strategic alliance with Cedarcross Technologies, a portfolio company of Alset AI, which could see Cedarcross Technologies becoming Blueprint AI's exclusive cloud computing provider.
2 CMHC
On behalf of Alset AI Ventures Inc.
"Adam Ingrao"
Adam Ingrao
Chief Executive Officer
About Alset AI Ventures Inc.
Alset AI is a pioneering AI and cloud computing investment firm, committed to nurturing high-potential technology companies. Through a combination of capital, strategic advisory, and cloud computing alliances, Alset AI is shaping the future of artificial intelligence and building an AI-focused venture capital platform poised for substantial growth.
About Blueprint AI Technologies Inc.
Blueprint AI is a leading innovator in artificial intelligence, dedicated to developing advanced tools for drawing reviews and code compliance checks within the architecture, engineering, and construction (AEC) industry. Through cutting-edge software, applications, AI-driven technologies, and specialized services, the company is transforming the AEC landscape by delivering unparalleled accuracy, reducing labor costs, and accelerating project timelines for review processes.
For further information about Alset AI Ventures Inc., please contact:
Adam Ingrao, Chief Executive Officer
T: 778.223.8853
E: ir@alsetai.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements in this press release contain forward-looking information within the meaning of applicable Canadian securities legislation. Forward-looking statements are often identifiable by the use of words such as "anticipates," "expects," "believes," "intends," "plans," "forecasts," "may," "will," "could," "should," or similar expressions. These statements are based on the Company's current expectations, estimates, and assumptions regarding future events and conditions, including, but not limited to: the expected benefits of the Company's investment in Blueprint AI Technologies Inc.; the successful completion of the transaction and related equity financing; the achievement of performance milestones by Blueprint AI; the scalability and market adoption of Blueprint AI's technologies; the potential strategic alliance with Cedarcross Technologies and Blueprint; and the anticipated impacts of Blueprint AI's solutions on the real estate industry. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. Factors that could cause actual results to differ materially include, but are not limited to: the inability to complete the transaction or achieve the specified milestones; Blueprint AI's inability to scale its technologies or achieve market adoption; challenges in formalizing the strategic alliance with Cedarcross Technologies; changes in market demand for AI and cloud computing technologies; availability of funding or capital; changes in economic, business, and market conditions; and other risks detailed in the Company's filings with Canadian securities regulators. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise any forward-looking statements to reflect new information, future events, or otherwise, except as required by law. Investors are cautioned not to place undue reliance on forward-looking statements, as actual results may differ materially from those expressed or implied herein.
SOURCE: Alset AI Ventures Inc.
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FAQ
What is the size of Alset AI's investment in Blueprint AI and what stake does it represent?
What are the performance milestones for Alset AI to receive additional Blueprint AI shares?
What is the additional investment commitment made by Alset AI (ALSCF) in Blueprint AI?
How does Blueprint AI's technology address real estate industry challenges?
