GenIP (AIM:TEK), the AI-powered technology intelligence and innovation analytics company, has provided a corporate update following CEO Melissa Cruz's two-week visit to the UK for the company's AGM and a series of investor, client and partner meetings in June.
The SaaS subscription platform remains on track for a fourth-quarter 2026 launch, with the company targeting gross margins above 60% and 90 to 95% automation by early 2027.
GenIP said the platform is designed to formalise repeat purchasing behaviour already evident across its client base, transitioning the business from a professional services model to a scalable, recurring revenue intelligence platform.
The company has integrated Anthropic's AI technology into its workflow to improve the quality, speed and depth of its analysis, alongside an expanding proprietary dataset that it says is enriched by every client engagement.
On the commercial front, the Cardinal IP referral programme is live, generating early introductions to Fortune 500 corporates and law firms, while regional partnerships in Chile and Brazil are building academic and government pipeline in Latin America.
Asia-Pacific and Middle East expansion is underway, including the hire of an Asia-based sales resource.
"I leave energised by the conversations we've had and with clear direction for the next phase of GenIP's growth," said Cruz.
