Published: April 22, 2026 at 9:17 am
A leading firm in the Wales tech scene has entered liquidation.
Amplyfi is an AI-powered market intelligence platform which was backed with more than £7 million investment from Cardiff Capital Region’s flagship fund Innovation Investment Capital and the Development Bank of Wales.
It delivered insights to businesses by connecting structured and unstructured data at scale to uncover previously hidden links, trends and opportunities – summarising huge volumes of data sourced from millions of documents a day including company websites, news, RSS feeds and scientific papers.
Advancements in generative AI platforms such as ChatGPT have impacted its business and forced the board into a creditors voluntary liquidation. Bethan Evans and John Cullen of insolvency practice Menzies have been appointed joint liquidators.
CEO Paul Teather has ‘ended’ his tenure with a dateline of April 2026 on his LinkedIn profile. Formerly on the board as an investor, he took over the CEO role in 2023.