Business

GoGo AI Network Inc. Announces Algo8 Secures Strategic Investment from Chemelex, Accelerating Next-Generation Innovation with Support from Brookfield Corporation

VANCOUVER, British Columbia, April 16, 2026 (GLOBE NEWSWIRE) -- GoGo AI Network Inc. (“GoGo AI” or the “Company”) is pleased to announce a milestone within its portfolio as Algo8 Industrial AI (“Algo8”) has secured a strategic investment of approximately C$2.79 million from Chemelex LLC (“Chemelex”), a subsidiary of Brookfield Corporation, at a pre-money valuation of C$60 million. The investment represents institutional validation of Algo8’s technology and validates GoGo AI’s investment thesis:

articleGogo Ai Network Inc.April 16, 20263/company/gogo-ai-network-inc/news/gogo-ai-network-inc-announces-algo8-secures-strategic-investment-from-chemelex-accelerating-next-generation-innovation-with-support-from-brookfield-corporation
GoGo AI Network Inc. Announces Algo8 Secures Strategic Investment from Chemelex, Accelerating Next-Generation Innovation with Support from Brookfield Corporation

About this update from Gogo Ai Network Inc.

[{"type":"image","alt":"GoGo AI Network Inc.","displaySize":"","headline":null,"caption":"GoGo AI Network Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":200,"url":"https://media.zenfs.com/en/globenewswire.com/b5f55addb1e83f5e6f3117f7cbe4f60e"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/yMeNwB4uLMMRIr_nSGPVGQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTI4MA--/https://media.zenfs.com/en/globenewswire.com/b5f55addb1e83f5e6f3117f7cbe4f60e","width":300,"height":200}},"lazy":false},{"type":"text","content":"VANCOUVER, British Columbia, April 16, 2026 (GLOBE NEWSWIRE) -- GoGo AI Network Inc. (“GoGo AI” or the “Company”) is pleased to announce a milestone within its portfolio as Algo8 Industrial AI (“Algo8”) has secured a strategic investment of approximately C$2.79 million from Chemelex LLC (“Chemelex”), a subsidiary of Brookfield Corporation, at a pre-money valuation of C$60 million.","length":383,"tagName":"p"},{"type":"text","content":"The investment represents institutional validation of Algo8’s technology and validates GoGo AI’s investment thesis: identifying and supporting high-impact AI companies delivering measurable operational improvements across large-scale industries.","length":245,"tagName":"p"},{"type":"text","content":"In connection with the investment, David Prystash, Chief Executive Officer of Chemelex, will join Algo8’s Advisory Board—bringing deep operational expertise and further aligning Algo8 with one of the world’s leading global infrastructure ecosystems.","length":249,"tagName":"p"},{"type":"text","content":"Institutional Validation of GoGo AI’s Investment Strategy","length":57,"tagName":"p"},{"type":"text","content":"Algo8’s partnership with a Brookfield-backed entity marks a defining moment for GoGo AI’s portfolio and reinforces the Company’s strategy of investing in AI platforms capable of delivering measurable ROI at enterprise scale.","length":224,"tagName":"p"},{"type":"text","content":"“Seeing a Brookfield-owned company invest in Algo8 is a powerful endorsement of both the technology and the real-world value Algo8 is delivering,” said Chris Cherry, Interim CEO of GoGo AI Network Inc. “This is exactly the type of outcome we target—backing AI companies that move beyond concept and into large-scale, revenue-generating deployments with global enterprises.”","length":373,"tagName":"p"},{"type...

More updates from Gogo Ai Network Inc.

GoGo AI Network Inc.Chemelex LLCBrookfield CorporationGoGo AI Network IncChemelexstrategic investmentGoGoIndustrial AI