VERSES AI (CBOE: VERS, OTCQB: VRSSF), a cognitive computing company specializing in agentic software systems, announced on April 27 a 10-year licensing agreement with Prodigii AI to deploy its Genius platform and AXIOM cognitive model across enterprise verticals including financial services, insurance, cybersecurity, manufacturing, energy, and healthcare, according to a GlobeNewswire press release.
The deal is projected to generate up to $10 million in revenue for VERSES. Prodigii will pay an initial license fee of $350,000, followed by quarterly revenue-sharing payments of at least $125,000 for the duration of the agreement, with an optional 10-year renewal, as Stock Titan reported.
Deal Structure
The guaranteed minimums add up to approximately $5.35 million over the initial 10-year term ($350,000 upfront plus $125,000 quarterly for 40 quarters). Reaching the $10 million projection depends on variable revenue-sharing payments exceeding the quarterly floor, plus the optional renewal period.
“This agreement will enable Prodigii to effectively compete for contracts in the finance and cybersecurity sectors,” said David T. Scott, VERSES interim CEO, in the announcement. “It also validates our go to market strategy to generate revenues through a combination of direct contracts with enterprise customers and in partnership with channel partners.”
Prodigii CEO Andrew Tasker said the licensing arrangement lets Prodigii’s customers “diversify their AI technologies, providing them with greater security and value for money.”
Licensing as an Agentic Go-to-Market Strategy
The deal is structured as a channel partnership: Prodigii licenses VERSES’ technology and deploys it for its own enterprise clients, rather than VERSES selling directly. This OEM model is an alternative to the dominant SaaS approach most agentic AI vendors are pursuing.
VERSES describes Genius as an “agentic enterprise intelligence platform” designed for domain-specific predictions and decisions under uncertainty. The AXIOM model, which VERSES calls a “digital brain,” provides the underlying cognitive computing layer. Both are built on principles from physics and biology rather than traditional large language model architectures.
Context
VERSES is a publicly traded company on the CBOE and OTC markets. The stock closed at $6.55 on the most recent trading day, trading above its 200-day moving average of $6.15. The agreement builds on an existing relationship between VERSES and Prodigii, who was previously a beta partner for the Genius platform.
For a company still in the early stages of enterprise commercialization, a 10-year licensing deal with guaranteed quarterly minimums provides revenue predictability, even if the headline $10 million figure requires optimistic assumptions about growth beyond the floor payments.