How Is FortifAI (ASX:FTI) Progressing With Its NOL8 AI Data Plane?

Sonal Goyal

10 November 2026 02:41 PM AEDT

How Is FortifAI (ASX:FTI) Progressing With Its NOL8 AI Data Plane?

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Key Highlights

FortifAI shares were up 12.25% at $0.275 during the 10 November 2026 trading session.
NOL8 Version 2.0 became commercially available, more than two months ahead of the end-CY2026 roadmap target.
Cash was $17.3 million at 30 September 2026, with no debt.

FortifAI Limited (ASX:FTI) shares were trading higher during the 10 November 2026 session, up 12.25% at $0.275 at midday AEDT. The S&P/ASX 200 was also higher in the same session, up 1.13% at 9,131.90 around 12:30 pm AEDT. FortifAI develops NOL8, an AI data plane software product designed for enterprise data governance. Its most recent update was its September 2026 quarter activity report and Appendix 4C, released on 30 October 2026.

About the company

FortifAI develops and commercialises the NOL8 AI Data Plane, which the company says is designed to deliver governed data for enterprise AI workloads. It is building a route to market through infrastructure partners, including Megaport and Equinix Fabric.

Quarterly activity report released on 30 October 2026

NOL8 Version 2.0 was launched after quarter end and is now open to enterprise customers for paid proof-of-value engagements. Version 1.0 was tested live across Megaport's private network in Virginia, Tokyo and Sydney, with the company reporting 100% accurate data governance in those tests.

NOL8 became available on Equinix Fabric, which the company said could give access to enterprises across more than 60 metros. Cash receipts from customers were $275,000 for the quarter, and the company also received $286,000 under the South Australian video game development rebate.

Balance sheet and advisory board

The company reported closing cash of $17.3 million at 30 September 2026 with no debt. It also expanded its advisory board with appointments of two executives with AI infrastructure and enterprise sales experience during the quarter.

Sector Context

Enterprise AI infrastructure and data governance are growing areas of software spending, with buyers seeking tools to manage data quality and compliance for AI workloads. Route-to-market through cloud and infrastructure partners is a common path for early-stage software companies.

Risks to Consider

Customer receipts were modest at $275,000 for the quarter, and paid proof-of-value engagements are still at an early stage.
The performance tests were run in the company's own testing programs and have not yet been shown across a broad base of customers.
Cash declines with ongoing spending, and future funding needs will depend on commercial traction.

What to Watch Ahead

Conversion of proof-of-value engagements into paid enterprise contracts.
Adoption of NOL8 through the Megaport and Equinix Fabric channels.
Customer receipts and cash balance in the December 2026 quarter report.

Final Word

FortifAI's September quarter update focuses on the commercial launch of NOL8 Version 2.0 and its distribution partnerships. Customer conversion and cash use in the coming quarters will show how the launch is progressing.

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