19:59:51 EDT Thu 16 Apr 2026
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Gogo AI Network Inc
Symbol GOGO
Shares Issued 112,369,555
Close 2026-04-16 C$ 0.19
Market Cap C$ 21,350,215
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Gogo AI portfolio co. Algo8 receives $2.79M investment

2026-04-16 18:06 ET - News Release

Mr. Chris Cherry reports

GOGO AI NETWORK INC. ANNOUNCES ALGO8 SECURES STRATEGIC INVESTMENT FROM CHEMELEX, ACCELERATING NEXT-GENERATION INNOVATION WITH SUPPORT FROM BROOKFIELD CORPORATION

GoGo AI Network Inc. has obtained a milestone within its portfolio as Algo8 Industrial AI has secured a strategic investment of approximately $2.79-million from Chemelex LLC, a subsidiary of Brookfield Corp., at a premoney valuation of $60-million.

The investment represents institutional validation of Algo8's technology and validates GoGo AI's investment thesis: identifying and supporting high-impact AI (artificial intelligence) companies delivering measurable operational improvements across large-scale industries.

In connection with the investment, David Prystash, chief executive officer of Chemelex, will join Algo8's advisory board -- bringing deep operational expertise and further aligning Algo8 with one of the world's leading global infrastructure ecosystems.

Institutional validation of GoGo AI's investment strategy

Algo8's partnership with a Brookfield-backed entity marks a defining moment for GoGo AI's portfolio and reinforces the company's strategy of investing in AI platforms capable of delivering measurable ROI (return on investment) at enterprise scale.

"Seeing a Brookfield-owned company invest in Algo8 is a powerful endorsement of both the technology and the real-world value Algo8 is delivering," said Chris Cherry, interim chief executive officer of GoGo AI Network. "This is exactly the type of outcome we target -- backing AI companies that move beyond concept and into large-scale, revenue-generating deployments with global enterprises."

Algo8's proprietary platform, PlantBrain, is already being deployed across major industrial environments, delivering measurable improvements in operational efficiency, cost reduction and predictive performance. Algo8 has established a growing presence across North America, the Middle East and India, positioning it as a globally scalable industrial AI platform.

Accelerating global expansion through strategic partnership

The relationship between Algo8 and Chemelex builds on existing commercial success, where Algo8's AI systems have demonstrated proven performance in live operating environments.

With this investment, Algo8 is expected to accelerate:

  • Expansion into the United States market;
  • Deployment across large-scale industrial and infrastructure assets;
  • Continued development of its proprietary AI platform, PlantBrain;
  • Access to enterprise customers through Chemelex and Brookfield's global network.

As part of the broader strategic alignment, Algo8 and Chemelex intend to collaborate on deploying AI-driven solutions across Chemelex's customer base and Brookfield's global asset footprint-potentially unlocking a pipeline of high-value opportunities.

Positioning GoGo AI for long-term shareholder value

This milestone further demonstrates GoGo AI's role as a gateway for investors seeking exposure to private, high-growth AI companies with institutional backing and real-world traction.

The company continues to build a portfolio of AI-driven businesses focused on automation, predictive systems and next-generation digital infrastructure -- targeting opportunities that have the potential to scale globally and generate meaningful long-term value.

About GoGo AI Network Inc.

GoGo AI Network is an investment issuer focused on identifying, investing in, and supporting early stage and growth-stage companies developing artificial intelligence, automation and next-generation software technologies. The company targets opportunities across multiple sectors and geographies, and seeks to create long-term shareholder value through disciplined capital allocation, active portfolio support and the strategic monetization of its investments over time.

About Algo8 Industrial AI

Algo8 Industrial AI is an enterprise artificial intelligence company focused on transforming industrial operations through advanced automation, computer vision and predictive analytics. Its proprietary platform, PlantBrain, enables large-scale enterprises to optimize performance, reduce costs and unlock efficiencies across manufacturing, energy and infrastructure environments. Algo8 operates globally across North America, the Middle East, India and Europe.

About Chemelex LLC

Chemelex is an industrial solutions provider delivering advanced technologies and services to improve performance, reliability and efficiency across complex infrastructure environments. Chemelex is a subsidiary of Brookfield Corp.

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