Pioneer AI Foundry Venture Partner, Kondor AI, Announces Name Change to "Sundae Bar PLC" Following Successful Acquisition of Ora Technology
Pioneer AI Foundry's venture partner, Kondor AI PLC, has announced its rebranding to Sundae Bar PLC ahead of its upcoming listing on the London Stock Exchange's Main Market. The company expects to trade under the ticker symbol "SUN" on the Alternative Investment Market (AIM) starting around May 17, 2025.
Sundae Bar PLC is developing a marketplace platform connecting AI developers with businesses, focusing on AI agents capable of autonomous task execution. The company recently acquired Ora Technology PLC to leverage its infrastructure for secure transactions and agent management. Their flagship product, Korapilot.ai, an AI trading agent, is currently in private beta testing.
Kondor AI PLC, partner di venture di Pioneer AI Foundry, ha annunciato il cambio di nome in Sundae Bar PLC in vista della sua prossima quotazione sul mercato principale della Borsa di Londra. La società prevede di essere quotata con il simbolo "SUN" sull'Alternative Investment Market (AIM) a partire da circa 17 maggio 2025.
Sundae Bar PLC sta sviluppando una piattaforma di marketplace che collega sviluppatori di intelligenza artificiale con aziende, concentrandosi su agenti AI capaci di eseguire compiti in autonomia. Recentemente ha acquisito Ora Technology PLC per sfruttare la sua infrastruttura per transazioni sicure e gestione degli agenti. Il loro prodotto di punta, Korapilot.ai, un agente di trading AI, è attualmente in fase di beta privata.
Kondor AI PLC, socio de riesgo de Pioneer AI Foundry, ha anunciado su cambio de nombre a Sundae Bar PLC antes de su próxima cotización en el mercado principal de la Bolsa de Londres. La compañía espera cotizar bajo el símbolo "SUN" en el Mercado Alternativo de Inversiones (AIM) a partir del 17 de mayo de 2025.
Sundae Bar PLC está desarrollando una plataforma de mercado que conecta a desarrolladores de IA con empresas, enfocándose en agentes de IA capaces de ejecutar tareas de forma autónoma. Recientemente adquirió Ora Technology PLC para aprovechar su infraestructura para transacciones seguras y gestión de agentes. Su producto principal, Korapilot.ai, un agente de trading de IA, se encuentra actualmente en fase beta privada.
Pioneer AI Foundry의 벤처 파트너인 Kondor AI PLC가 런던 증권거래소 메인 마켓 상장을 앞두고 Sundae Bar PLC로 사명을 변경했다고 발표했습니다. 회사는 2025년 5월 17일경부터 대체 투자 시장(AIM)에서 "SUN"이라는 티커 심볼로 거래될 예정입니다.
Sundae Bar PLC는 AI 개발자와 기업을 연결하는 마켓플레이스 플랫폼을 개발 중이며, 자율적으로 작업을 수행할 수 있는 AI 에이전트에 중점을 두고 있습니다. 최근에는 안전한 거래 및 에이전트 관리를 위한 인프라를 활용하기 위해 Ora Technology PLC를 인수했습니다. 대표 제품인 Korapilot.ai는 현재 비공개 베타 테스트 중인 AI 트레이딩 에이전트입니다.
Kondor AI PLC, partenaire de capital-risque de Pioneer AI Foundry, a annoncé son changement de nom en Sundae Bar PLC avant sa prochaine introduction sur le marché principal de la Bourse de Londres. La société prévoit d’être cotée sous le symbole "SUN" sur le marché alternatif des investissements (AIM) à partir d’environ le 17 mai 2025.
Sundae Bar PLC développe une plateforme de marché mettant en relation des développeurs d’IA avec des entreprises, en se concentrant sur des agents IA capables d’exécuter des tâches de manière autonome. La société a récemment acquis Ora Technology PLC afin de tirer parti de son infrastructure pour des transactions sécurisées et la gestion des agents. Leur produit phare, Korapilot.ai, un agent de trading IA, est actuellement en phase de test bêta privé.
Kondor AI PLC, der Venture-Partner von Pioneer AI Foundry, hat seine Umbenennung in Sundae Bar PLC angekündigt, bevor das Unternehmen an der Hauptbörse der Londoner Börse notiert wird. Das Unternehmen plant, ab etwa dem 17. Mai 2025 unter dem Börsenkürzel "SUN" am Alternative Investment Market (AIM) gehandelt zu werden.
Sundae Bar PLC entwickelt eine Marktplatzplattform, die KI-Entwickler mit Unternehmen verbindet, wobei der Fokus auf KI-Agenten liegt, die Aufgaben autonom ausführen können. Kürzlich erwarb das Unternehmen Ora Technology PLC, um dessen Infrastruktur für sichere Transaktionen und Agentenverwaltung zu nutzen. Ihr Flaggschiffprodukt, Korapilot.ai, ein KI-Handelsagent, befindet sich derzeit in der privaten Beta-Testphase.
- Strategic acquisition of Ora Technology PLC enhances infrastructure capabilities
- Upcoming listing on London Stock Exchange's AIM market increases visibility and access to capital
- Development of a two-sided marketplace platform for AI agents creates new revenue opportunities
- Progress with Korapilot.ai trading agent demonstrates practical application of technology
- Rebranding may cause temporary market confusion and brand recognition challenges
- Integration costs and challenges from Ora Technology acquisition
- Korapilot.ai still in beta phase, indicating revenue generation may not be immediate
Vancouver, British Columbia--(Newsfile Corp. - May 14, 2025) - Pioneer AI Foundry Inc. (Cboe CA: JPEG) ("Pioneer" or the "Company") informs that its venture partners, Kondor AI PLC ("Kondor"), the UK-based technology company, today announces that it has formally changed its name to Sundae Bar PLC as part of a strategic repositioning initiative ahead of its forthcoming listing on the London Stock Exchange's Main Market.
This name change reflects the company's transition and broader vision beyond artificial intelligence and signals a new chapter of brand evolution and market engagement. The company's ordinary shares are expected to be admitted to the Alternative Investment Market (AIM), a sub-market of the London Stock Exchange (LSE) under the ticker symbol "SUN", with the admission anticipated to become effective on or around May 17, 2025.
Sundae Bar PLC is focused on developing a unified, two-sided marketplace designed to connect AI developers with businesses seeking scalable, autonomous software solutions known as AI agents. These agents, capable of independently performing complex tasks. The platform will provide essential tools for creating, customizing, and monetizing AI agents, streamlining the path from development to deployment much like modern e-commerce platforms have done for digital entrepreneurs. To accelerate this vision, Sundae Bar recently acquired Ora Technology PLC, whose existing infrastructure supports secure transactions, compliance, and agent management.
"The evolution of Kondor AI into Sundae Bar PLC reflects the scalability of agentic IP beyond infrastructure into consumer-facing applications. As we continue to advance Korapilot.ai, our AI trading agent in private beta, we see strong validation for Pioneer's strategy to incubate and partner with companies that turn autonomous AI into accessible, revenue-generating products," said Darcy Taylor, CEO, Pioneer AI Foundry Inc.
A full Schedule One announcement, including details of the intended admission, has been submitted to the London Stock Exchange and can be viewed here.
About Sundae Bar PLC
Sundae Bar PLC (formerly Kondor AI) is a next-generation consumer technology company focused on developing and investing in standout digital brands. Through a blend of strategic acquisitions and in-house development, the company seeks to deliver compelling user experiences at scale. The company's shares are traded on the Access segment of the Aquis Stock Exchange Growth Market under the symbol: KNDR. For m more information visit: https://corporate.sundaebar.ai/
ABOUT PIONEER AI FOUNDRY INC.
Pioneer AI Foundry Inc. is a next-generation agentic AI venture builder, focused on developing and commercializing autonomous, revenue-generating AI agents. Through its wholly owned subsidiary, Crowdform, Pioneer operates as a venture studio and IP incubator focused on AI agents at the intersection of decentralized finance (DeFi) and the Solana ecosystem.
In 2025, Pioneer launched the private beta Korapilot.ai, its first direct-to-market product, offering an autonomous AI trading agent purpose-built for crypto markets. Kora pilot reflects Pioneer's strategy to bring agentic AI solutions from concept to commercialization.
In addition to in-house development, Pioneer has formed successful partnerships with leading AI companies globally, with several projects fully deployed and in market delivered through operating companies in which Pioneer is a significant shareholder. These partnerships focus on the intersection of revenue-generating agentic AI and DeFi.
For additional information, visit www.p10neer.ai or www.sedarplus.ca.
ON BEHALF OF PIONEER AI FOUNDRY INC.
"Darcy Taylor"
CEO & Director
ir@p10neer.com
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the matters described herein. Forward-looking statements consist of statements that are not purely historical, and such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including factors beyond the Company's control. These forward-looking statements are made as of the date of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/251986
FAQ
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