VERSES Monthly Newsletter April 2026

In this month’s newsletter:

• Letter from the CEO
• Karl's Corner
• VERSES in the news

FROM THE CEO

Our focus on commercializing our financial services technologies took two meaningful steps forward this month.

First, we signed an additional contract with an existing financial services customer that we believe will further embed Genius™ into their organization. We see this as a clear validation of our ability to deliver real value to large asset managers, and we’re actively expanding these conversations across similar institutions.

Second, we executed a technology licensing agreement with Prodigii, an AI company building enterprise-grade solutions across financial services and cybersecurity. This builds on our relationship with our long standing Beta Partner and establishes a channel through which our technology can power new products in multiple verticals. The agreement is projected to provide up to $10M in revenue over the contract period, with additional revenue generated from usage.

Taken together, these agreements are important. They show that we are doing what we said we would do—turning our technology into a commercial business. We are generating revenue both through direct customer relationships and through channel partners, which is exactly how we intend to scale this company.

Finally, we recently held a webinar to update investors on our progress. A transcript, recording, and slides are available on our website.

Yours,

David T. Scott
Interim CEO

KARL’S CORNER

In this month’s Karl’s corner, Karl discusses our progress on ‘structure learning’ - which is one of the last frontiers in optimizing world models.

You can find the discussion on our YouTube channel here:

VERSES NEWS

• We closed two rounds of funding in March. You can find further details about the first tranche here and the second tranche here.
• Our financial service customer signed another contract with us. In this phase, VERSES will work with investment and risk management team members at the investment firm to further assess the effectiveness of using VERSES models within their existing process workflows. This work will build on the previous phase, in which VERSES developed an active inference causal model of financial markets to inform asset allocation decisions.
• Prodigii Licensed VERSES® Technology. Under the agreement, Prodigii will license VERSES’ product Genius™ to provide services for its customers alongside access to the world’s first “digital brain”, the AXIOM model. The Prodigii agreement is expected to unlock opportunities in financial services and insurance, cybersecurity, smart manufacturing, energy, healthcare and energy among other verticals.

You can also catch up on everything we are doing on our subreddit.