CPAI

Capai PLC

Financial Services First-pass screen £5.75m

250/1000 Overall fit

AI beneficiary 35% 35

Operating leverage 25% 25

Valuation 25% 20

Downside protection 15% 10

First-pass take

Pre-revenue AI incubator with explicit going-concern risk (auditor flagged material uncertainty), ~£96k cash with £558k annual operating burn (2 months runway), negative equity (−£9.8m). Zero revenue; only beta-stage Author42 soft-launched. Strategy clearly AI-focused (media, medicine, longevity) with credible leadership (Professor Nag), but execution proof absent.

Flags

loss-makinggoing-concernmicro-capno-revenuecash-burnnegative-equityhighly-dilutiveexecution-riskfunding-dependent