Algo8 Announces Chemelex (Brookfield) Investment and David Prystash Joins Advisory Board
Vancouver, BC
Algo8 Industrial AI, a leading provider of enterprise AI solutions for industrial sectors, is pleased to announce a strategic investment of US$2 million (approximately C$2.7 million) from Chemelex LLC, which is owned by Brookfield’s private equity business.
In connection with the investment, David Prystash, Chief Executive Officer of Chemelex, will join Algo8’s Advisory Board, further strengthening the Company’s strategic alignment with global infrastructure and industrial leaders.
The investment marks a significant milestone in Algo8’s expansion across North America and reinforces its position as a next-generation industrial AI platform delivering measurable operational improvements for large-scale enterprises.
Chemelex, a global solutions provider backed by Brookfield, brings deep expertise in infrastructure, industrial operations, and large-scale asset optimization. The investment reflects growing demand for advanced AI-driven automation and predictive systems across critical industries.
Algo8 will deploy the capital to accelerate product development of its proprietary AI platform, PlantBrain, expand its commercial footprint in the United States, and deepen integrations with key enterprise clients in sectors including manufacturing, energy, and infrastructure.
“This investment from Chemelex is a strong validation of the value Algo8 is delivering to industrial enterprises globally,” said Nandan Mishra, Chief Executive Officer of Algo8.
“Having David join our Advisory Board brings invaluable operational and strategic expertise from one of the world’s leading infrastructure platforms. We view this partnership as a catalyst to scale our deployments and drive meaningful efficiency gains across large, complex operations.”
The relationship between Algo8 and Chemelex builds on existing commercial engagement, where Algo8’s AI systems have demonstrated tangible improvements in operational performance, cost optimization, and predictive maintenance capabilities.
“Algo8 represents a new generation of industrial AI companies capable of delivering real- world impact at scale,” said David Prystash ,Chief Executive Officer of Chemelex.
“We have been highly impressed with the performance of Algo8’s technology in live environments. Joining the Advisory Board allows us to further support the Company’s growth while advancing digital transformation across industrial and infrastructure assets globally.”
As part of the broader strategic relationship, the parties intend to collaborate on identifying and deploying AI-driven solutions across Chemelex’s customers and affiliates globally, further accelerating Algo8’s access to large enterprise customers.