Highlights

  • Fortifai (ASX:FTI) closed at AUD 0.63 on 10 August 2026, down 1.56% or AUD 0.010 during the session.
  • The company is developing Nol8, an FPGA-based data-processing platform focused on AI infrastructure applications.
  • Nol8 version 1.0 was released in June 2026 and joined Megaport’s AI Exchange platform.
  • Fortifai raised approximately AUD 20 million through two Equity placements in FY2026 to support its technology development and commercialisation activities.

Fortifai (ASX:FTI) is progressing the development and commercialisation of Nol8, an artificial intelligence infrastructure platform designed around FPGA-based data processing technology.

The company previously operated as mobile games developer Mighty Kingdom before shifting its strategic focus towards AI infrastructure following the Acquisition and development of Nol8.

Fortifai closed at AUD 0.63 on 10 August 2026, down 1.56% or AUD 0.010 during the session. The company’s current focus remains on technology development, customer engagement and establishing commercial opportunities for Nol8.

Nol8 Platform Targets AI Data Processing Applications

Fortifai released Nol8 version 1.0 on 29 June 2026 as part of its strategy to address data-processing requirements associated with artificial intelligence applications.

The platform is based on FPGA technology, which the company believes can improve processing efficiency for AI workloads compared with traditional computing infrastructure.

Fortifai has published internal benchmark results indicating potential improvements in latency and throughput performance. The company has reported latency reductions from approximately 500 milliseconds to 3 milliseconds and throughput increases from around 5,000 to two million events per second.

These performance figures are company-generated benchmarks and have not been independently verified.

Megaport AI Exchange Provides Distribution Opportunity

Fortifai (ASX:FTI) announced that Nol8 had joined Megaport’s AI Exchange platform following the product release.

The integration provides an additional channel for potential customer engagement and proof-of-concept deployments.

The company continues evaluating opportunities to convert technology demonstrations and customer interactions into commercial agreements.

Fortifai has not announced signed commercial contracts or material Revenue commitments for Nol8 to date, with broader commercial availability targeted for later in 2026.

AI Infrastructure Market Opportunity

Fortifai is targeting the growing requirement for specialised infrastructure to support artificial intelligence workloads.

The company’s strategy is based on the use of FPGA technology to process streaming data and potentially improve efficiency for AI systems.

The AI infrastructure sector remains competitive, with established technology companies operating across semiconductor, Cloud Computing and data-centre markets.

For Fortifai, future progress will depend on demonstrating commercial adoption, validating technology performance and converting customer interest into Recurring Revenue .

Funding Supports Technology Development

Fortifai completed two equity placements during FY2026 to support its transition towards AI infrastructure.

The company raised approximately AUD 5 million at AUD 0.30 per share in February 2026 and a further AUD 15 million at AUD 0.715 per share in April 2026.

The Capital raised has been directed towards Nol8 development, commercialisation activities and Working Capital requirements.

As the company transitions towards a new technology focus, maintaining funding capacity remains an important consideration while revenue generation develops.

Financial Position During Business Transition

Fortifai’s financial profile reflects its transition from a gaming business towards an AI technology company.

First-half FY2026 results reported revenue of AUD 1.23 million, declining approximately 52% compared with the prior corresponding period.

The company reported a loss per share of AUD 0.004, compared with AUD 0.039 in the previous corresponding period.

The company’s future financial performance will depend on Nol8 adoption, commercial contract wins and the ability to establish recurring revenue streams.

Commercialisation Remains Key Milestone

Fortifai’s near-term focus includes securing initial Nol8 customers, progressing proof-of-concept programs and obtaining further validation of platform performance.

The company has established an advisory board, including the appointment of Jason Forget in July 2026, to support its technology and commercialisation strategy.

Future updates on customer deployments, commercial agreements and revenue generation will provide further visibility on the progress of the AI infrastructure strategy.

Outlook

Fortifai’s outlook is centred on the commercial rollout of Nol8, customer engagement programs and development of its AI infrastructure platform. Key milestones include securing commercial contracts, progressing customer evaluations and demonstrating repeatable enterprise adoption. The company continues investing in technology development following approximately AUD 20 million raised through equity placements during FY2026. Future performance will depend on converting technology capabilities into recurring revenue while managing funding requirements during the commercialisation phase.