Key Highlights

  • FortifAI shares were trading at $0.375 during the 13 November 2026 session, up 11.94%.
  • NOL8 Version 2.0 was made commercially available ahead of schedule, with the AI Data Plane open to enterprise customers for paid proof-of-value engagements.
  • Cash stood at $17.3 million with no Debt at 30 September 2026.

During the Trading session on 13 November 2026, FortifAI Ltd (ASX:FTI) shares were trading at $0.375, up 11.94%, while the S&P/ASX 200 was down 0.73% at 9,079.70 at 12:39 pm AEDT. FortifAI develops NOL8, a data governance and AI infrastructure product. Its latest update was its Q1 FY27 quarterly activity report and Appendix 4C for the September 2026 quarter, released on 30 October 2026.

NOL8 Version 2.0 availability

FortifAI said NOL8 Version 2.0 is commercially available ahead of schedule. The production-ready AI Data Plane was launched after quarter end, more than two months ahead of the end-of-calendar-2026 roadmap target. It is now open to enterprise customers for paid proof-of-value engagements. The company also said independent testing confirmed the economic performance of NOL8 Version 1.0.

Distribution and infrastructure partnerships

The NOL8 AI Data Plane has been made available on Equinix Fabric, which the company said gives potential access to enterprises across more than 60 metropolitan areas. FortifAI also reported multi-continent validation on Megaport, with testing across Virginia, Tokyo and Sydney. The company described its testing as having delivered 100% accurate data governance, and said NOL8 can govern 10 times more data per dollar of infrastructure than legacy software.

Advisory board and financial position

During the quarter, FortifAI added Priya Shivakumar, a product and go-to-market leader in AI infrastructure, and Jason Forget, a global sales executive, to its advisory board. Cash at 30 September 2026 was $17.3 million with no debt. Cash receipts from customers were $275,000 for the quarter, and the company received $286,000 under the South Australian video game development rebate.

Sector context

Enterprise Demand for data governance and AI infrastructure tools has grown as businesses look for ways to manage data used in AI systems. Companies in this area commonly rely on infrastructure partners and cloud marketplaces to reach customers, and many move from pilot testing to paid engagements over an extended period. Revenue at this stage is usually small relative to operating costs.

Risks investors are watching

Customer receipts of $275,000 in the quarter remain modest, and the transition from proof-of-value engagements to recurring contracts is not yet proven. The company's advisory board additions and channel partnerships will need to translate into signed customers. Competition in AI data infrastructure is intense, and the technology's commercial adoption timeline is uncertain. Cash at quarter end will also decline as the Business invests in sales and development.

What to watch ahead

Investors will look for the conversion of paid proof-of-value engagements into commercial contracts, updates on the second distribution channel secured during the quarter and the next quarterly cash position. Further announcements on enterprise customers and channel partners will also be followed.

Final Word

FortifAI's latest Quarterly Report centres on the commercial launch of NOL8 Version 2.0 and wider partner access. Its next updates should show whether early engagements begin to generate larger customer receipts.