ReSolve has successfully facilitated the sale of Fetch.AI Limited to Assmbl.ai Limited, enabling a seamless transition of innovative AI technology amid financial challenges.

Target Company Overview

Fetch.AI Limited, established in 2018, is a pioneering firm that developed an open network for AI agents. The Company's administrative framework comprises numerous patented technologies and trademarks associated with a blockchain platform designed to decentralize and streamline transactions across the internet through artificial intelligence and distributed ledger technology. Fetch.AI's innovative platform facilitates task automation in various sectors, including technology, finance, logistics, and travel.

However, Fetch.AI encountered significant financial challenges towards the end of 2023. In response, the Company engaged ReSolve to initiate an accelerated marketing process aimed at either securing urgent rescue capital or facilitating the sale of its shares, business, and/or assets. Ultimately, Fetch.AI successfully attracted interest despite its difficulties.

Industry Overview in the United Kingdom

The artificial intelligence and blockchain sectors in the United Kingdom are experiencing rapid growth, fueled by advances in technology and an increasing demand for automation solutions across a range of industries. The UK government has made substantial invest