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Chairman resigns despite narrowing losses at listed AI firm

Published: November 3, 2025 at 9:04 am

Author: Jonathan Symcox

The chair of Cykel AI PLC has resigned despite narrowing losses.

Nicholas Lyth has left the company, which is focused on building AI agents, with immediate effect. Michael Chan will assume the role of chairman on an interim basis pending the appointment of a permanent chair.

The London firm’s products claim to interact with any UI, website or API using natural language commands. Following the launch of autonomous recruitment agent ‘Lucy’, it built a sales agent called ‘Eve’ then a research agent named ‘Samson’.

It reported its first revenue of £4,107 in the six-month period to the end of July, while narrowing losses from £4m to £1.2m.

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