Investor Presentation
Released
Released
Announcement PDF
Decidr
Building the Orchestration Layer for the Agentic economy
Capital Raising Presentation – 06 May 2026
1
Disclaimer
2
Decidr builds the orchestration layer
for the agentic economy
AI investment has concentrated on infrastructure and intelligence, but value will accrue to
the orchestration layer that governs decisions, compliance, and economic coordination.
Decidr is building that layer for enterprises and sovereign economies.
3
DAI
1 A once-in-a-decade category
Knowledge Security is a new line on the CISO budget, underpinned by $100B+ of
sovereign AI compute investment in 2026 and binding regulatory action across multiple
jurisdictions.
2 A platform already shipping
Sugarwork acquired; DecidrOS Beta live; annualised revenue exit rate of A$8.06m at 31
March 2026, more than 2x prior quarter. Partnerships executed with Beckway, AE Studio
and ICON Consulting Group.
3 A strategic enterprise asset
Sugarwork acquisition (implied US$250m DecidrUS valuation) adds methodology IP,
Vanessa Liu's leadership and the enterprise Knowledge Security wedge. DAI holds
97% of DecidrUS.
4 Disciplined use of proceeds
Knowledge Security Platform · sovereign compute + IP/R&D · M&A opportunities · costs.
Five milestones over 12 months.
5 Built at the orchestration layer
Value in the agentic economy accrues at coordination, not application or model. DAI sits
between c.US$2T of underlying infrastructure and trillions of enterprise processes —
the layer that translates probabilistic AI into governed enterprise execution.
Why now, why DAI
4
4
Opportunity
Frontier labs have left the model layer and are
colonising the application layer — by role,
industry, and workflow.
The remaining vacuum: the orchestration layer
between models and the enterprise. That is the
layer that compounds, carries audit trails,
sovereignty, and trust.
01 CAPTURE
Sugarwork • Embedded Partnerships
02 COORDINATE
DecidrOS platform
03 COMPOUND
Agentic Graph • data substrate
We sell sovereign-grade AI orchestration to enterprises who can't fully trust US hyperscalers.
The orchestration layer is unclaimed
DAI is building it
5
Strategy
01
Pilot fatigue is real
95%
of GenAI pilots fail to reach production
MIT NANDA's State of AI in Business 2025
study found only 5% of integrated AI pilots
extracted measurable P&L value.
Buyers want orchestrated workflows that
integrate with trusted systems, not just
demos.
MIT NANDA · State of AI in Business · Aug 2025
02
Vertical land grab is on
16
vertical product launches by Anthropic +
OpenAI
Frontier labs are colonising the application
layer — engineering, gov, defense,
commerce, health, design.
The orchestration layer - coordination,
sovereignty, audit - is structurally
unclaimed.
Public product announcements · Oct 2024 Apr 2026
03
Sovereign AI budgets
$2T
in committed sovereign infrastructure
spend by 2030
GCC, ASEAN, India, and EU are building
sovereign cloud + AI stacks.
They need orchestration partners that can
air-gap workloads and respect data
residency.
McKinsey, BCG, Saudi PIF and UAE G42 aggregated
Three forces converging in a 12-month window
The market
Pilot failure forces orchestration • Frontier labs occupy verticals • Sovereign capital is ready to deploy
6
01
CAPTURE
Sugarwork + Embedded Partnerships
Knowledge-capture • Ecosystem Led
Growth via embedded partner
workflows • sovereign fine-tuning
pipeline
Revenue today; training data for the
Graph tomorrow
02
COORDINATE
DecidrOS
Schema-driven agent orchestration &
interoperability
Standardises and governs how
agents read, write and audit across
vertical apps
03
COMPOUND
Agentic Graph
Pre-boarded knowledge-node •
network = moat
Partners become super-nodes,
Enterprises major nodes. As graph
density increases pre-boarded
businesses become more intelligent.
One product story:
Capture → Coordinate → Compound
7
Strategy
The opportunity
Enterprises are leaking decision-structure into black-box
foundation models. Sovereignty is moving from policy debate to
buying criterion - with c.US$100+ billion of sovereign AI
compute investment expected in 2026 alone.
DAIʼs solution
Knowledge Security: a new enterprise category that captures
tacit reasoning inside the customer's boundary and fine-tunes
open-source models on that captured structure - delivered
through Sugarwork and the DecidrOS orchestration layer.
Proof in market
Annualised revenue exit rate of A$8.06m at 31 March 2026,
more than doubling quarter on quarter; partnerships executed
with AWS, SAP and ICON Consulting Group; Sugarwork
acquisition completed; DecidrOS Beta live.
Capital allocation
A$6.0m to commercialise Sugarwork as a Knowledge Security
Platform · A$2m into sovereign compute infrastructure, patents
and published research · A$6.0m M&A opportunities · A$1.0m
offer costs and working capital.
Proceeds fund the build-out of enterprise Knowledge Security, sovereign compute capability and disciplined M&A — positioning
DAI at the highest-value layer of the agentic AI stack.
A capital raise aligned to the sovereignty challenge
8
Placement
A$8.06m
Annualised exit rate at 31 March
2026
More than 2x the prior quarter
2.0x
Q3 FY26 over Q2 FY26 QoQ growth
8.0x
Year-on-year growth Q3 FY26 vs
Q3 FY25
Annualised revenue exit rate has doubled in the most recent quarter - five quarters of growth in Australian test market
Top 5% of SaaS trajectories
Companies with similar
early revenue trajectories
9
Progress
Revenue Model
Revenue pathways & progress
10
New Partnerships
Tier 1 APAC System Integrator
Teaming agreement executed across APAC, as a Sugarwork reseller.
ICON Consulting
Enterprise pipeline progressing across ASEAN for Sugarwork and
Accounts Receivable workflow via SAP.
AE Studio
Co-sell motion initiated, supported by joint marketing initiatives targeting
the private equity sector.
Beckway
Appointed as commercial reseller, including Sugarwork distribution.
APJ Datacentre
MOU signed covering NVIDIA chip inventory access, supporting AI
positioning in ASEAN.
Google Cloud
Continuing to deepen relationship with Google Cloud ecosystem.
Existing Partnerships
2025 FasTrack
Selection
AWS Highlight
Marketplace Fast Tracking listing now live, with co-sell motion
active across enterprise and mid-market segments.
Partnerships update
Building on the existing partnership network
11
11
Ecosystem-led growh model
Partnerships case study
Hyperscalers working with Decidr
12
● Decidr commenced AWS partnership journey in
Feb ‘25
● Accepted onto AWS fast-track program to co-sell
on platform
● Existing AWS customers can use credits to
purchase Decidr applications
● Decidr has recently released its second AWS
application, unlocking new sales avenues
● Co-sell motions active from Mid-March ‘26
The new way to capture data for fast,
accurate decision-making
Bringing order to the chaos of scattered, unstructured data so
human teams and AI agents can work in concert to identify
efficiencies, create new products, and increase revenue is the
mission of Australian firm Decidr.
"Google Cloud's advanced AI and data ecosystem,
including Gemini, allows us to move seamlessly from
raw data to deterministic outcomes."
Michael Cindric
Chief Technology Officer, Decidr
Published Case Study
12
Partnership example
01 Methodology IP
Codified Deep Dive question-set built over
two years. Teachable, replicable,
schema-aligned with DecidrOS.
02 Category creation
Sugarwork creates Knowledge Security -
a new line on the CISO budget. With it, DAI
owns both capture and orchestration.
03 Enterprise GTM wedge
Moves DAI from SME mid-market into
Fortune 2000 enterprise via Security/GC
entry points.
04 Cross-sell compounding
Sugarwork opens enterprise pathways for
DecidrOS via task identification. DecidrOS
opens SME app revenue for
Sugarwork-derived schemas.
Acquisition Snapshot
ACQUIRER
DecidrUS Inc.
STATUS
Completed
VALUATION
US$250m, 97.4% DAI ownership
CEO JOINING GROUP
Vanessa Liu (ex-SAP.iO, McKinsey)
PARTNER ECOSYSTEMS
AWS · GCP · SAP · DXC
Sugarwork captures the tacit decision-structure that drives a firm's competitive position. Acquired by DecidrUS, it brings the
methodology IP, leadership and enterprise GTM that take DAI from SME orchestration into Fortune 2000 Knowledge Security.
Sugarwork — the enterprise wedge for DAI
Sugarwork customers & partner channels
13
Sugarwork
Sugarwork
Knowledge discovery and security in practice
Enterprise is still in its infancy of understanding their need for sovereignty. Sugarwork is solving the problem that the market is uncovering
The enterprise problem
Prompt Leakage: 43% of employees admit sharing sensitive data; 67%
of enterprise AI usage happens via unmanaged accounts.
Schema leakage: Even when content is sanitised, prompt patterns
reveal reasoning structure. Employees are unknowingly training LLMs on
their reasoning structure.
Model-dependency lock-in: Black-box integration creates compounding
dependency. Lack of independence and sovereignty becomes a problem
for customers.
Regulatory exposure: GDPR, HIPAA, APRA CPS 230, MAS TRM. Four of
these came into force in 2025 alone, requiring enterprise-controlled
infrastructure.
The Sugarwork solution
Capture Operational Structure: Sugarwork ends leakage by capturing
and retaining tacit knowledge in-house.
Independence & Sovereignty: Avoids black-box lock-in by maintaining
an executable map of company artifacts, ensuring the firm retains its
own reasoning structure.
Improved economics: Businesses operating on sovereign models lower
reliance and costs from frontier models, without losing their ability
access higher-cost intelligence for specific work.
Compliance-Ready Infrastructure: Enables regulated decision
processes to run on infrastructure the enterprise controls, meeting EU AI
Act and GCC sovereign-AI mandates.
“We think every company is going to need a new primitive: a living map of how the company works that turns
its own artifacts into an executable skills file for AI.ˮ
— Tom Blomfield, Partner, Y Combinator - April 28, 2026
14
Sugarwork: Knowledge Security Platform
Structured Knowledge Capture
AI-assisted expert interview programme - codified at the heart of
Sugarworkʼs IP
Ambient meeting capture
Always-on intelligence layer that extracts decision-structure as it
emerges in working meetings.
Reasoning Graph
Unified, proprietary representation of how the enterprise actually
reasons — the training corpus.
Sovereign fine-tuning
Customer-selected open-source base fine-tuned inside
infrastructure. Weights owned outright.
DecidrOS Deterministic Orchestration Layer
Agentic Schema
First-principles blueprint of the organisation — reusable across
domains, for AI to reason and act.
AI proposes → rules constrain → humans approve
Deterministic guardrails with full audit trail. Confidence thresholds
gate automated actions.
Multi-agent coordination
Coordinated workflows across LLMs, business apps and AI agents
replacing brittle integrations.
Enterprise and sovereign capable
VPC, sovereign cloud, on-premise, or air-gapped deployment.
Compliance-as-code at execution.
Sugarwork captures the enterprise's decision-structure. DecidrOS runs the deterministic agentic workflows that execute on it.
Both sit inside the customer's boundary.
Sugarwork and DecidrOS - one sovereign reasoning platform
Technology alignment
15
Equity Raising
Accelerating commercialisation
16
$15.0m
Total raise
Knowledge Security Platform
Sugarwork)
Productisation, enterprise go-to-market,
always-on meeting capture, ongoing
methodology R&D.
Sovereign Compute, Patents &
Research
Dedicated inference capability with
strategic sovereign compute partners; IP
register build-out; peer-reviewed
research programme.
M&A Opportunities
Opportunistic bolt-on acquisitions that
compound inside the DecidrOS
orchestration layer.
Offer Costs & Working Capital
Co-Lead Manager fees, legal, registry,
listing costs and corporate working
capital.
Proceeds are directed to three strategic areas aligned to the sovereignty thematic, with a reserve for opportunistic M&A.
A$15 million - disciplined deployment
17
Use of proceeds
"Data security is solved. Knowledge Security isnʼt. Every prompt your employees send is a training example."
Training data is the moat. The market already priced it.
US$45B
Every frontier lab is buying experts
to take over industries
Finance · Engineering · HR · Marketing · · · ·
of valuation has accreted to
expert-capture companies in 18
months.
Scaling Sugarwork from a completed acquisition into a productised Knowledge Security platform that supports enterprise
fine-tuning of open-source LLMs inside the customer's boundary.
Sugarwork as Knowledge Security Platform
18
A new category
AfterQuery / Mercor /
Surge / Handshake
Sugarwork
Customer Frontier labs Enterprises
Owns the
expertise
Frontier labs The enterprise
Where the model
runs
Frontier labs
Customer sovereign
environment
Purpose Abundance for all humans Sovereignty for one firm
Budget line Lab R&D
Security CISO +
Sovereign AI CIO
TAM ~ 1020 labs globally 10,000ʼs enterprises
Concentration risk Severe Meda / Scale) Diversified by design
We don't compete with them. We complete them. They build expertise abundance for
the labs. We build expertise sovereignty for the enterprises those experts work at.
CAPTURE
DEPTH
→
MODEL OWNED BY → CUSTOMER
VENDOR
SHALLOW
DEEP
ChatGPT / Claude Ent.
Black-box SaaS chat
Microsoft Copilot
Embedded assistant
AfterQuery / Mercor
Deep capture · to labs
Glean / MS Graph
Retrieval on own data
Writer / Cohere
Thin fine-tune, vendor-hosted
Sugarwork
Deep capture + customer-owned
Five adjacent categories. One clean whitespace.
Deep-capture + customer-owned is structurally unoccupied. Chat vendors can't pivot without cannibalising model-lock-in.
Expert-training firms can't enter without abandoning their customer. Retrieval and thin-fine-tune don't capture reasoning.
AfterQuery & Mercor sell to labs. Sugarwork sells to enterprise
The white space for Sugarwork
19
A$1.0m
Sovereign inference capacity
Dedicated inference targeting bare-metal
performance, fixed-rate power and 24/7
managed operations.
A$0.75m
Patents & IP register
Filing programme covering DecidrOS
architecture, schema methodology and
Knowledge Security primitives.
A$0.25m
Published research
Peer-reviewed programme strengthening
thought leadership and signal for academic
credibility.
Strategic compute partners — under commercial discussion
Southern Cross AI SCX
AU-based sovereign cloud
Dedicated inference targeting bare-metal
performance and managed operations.
Nebius
Global NVIDIA-aligned compute
Strategic dialogue via NVIDIA for scaled
global inference with sovereign deployment.
Multi-national hyperscalers
Country, region and global cloud
Discussions on in-country deployments of DAI
sovereign orchestration capabilities.
Establishing dedicated inference capability through strategic sovereign compute partnerships — the substrate enabling
air-gapped, regulated and sovereign environments.
A$2.0m — Sovereign compute, patents & research
20
Use of proceeds - detail
Disciplined M&A opportunities
Completing the repeatable M&A flywheel: horizontal AI rewards integrated platforms while standalone point
solutions struggle with distribution and margin compression. As the market continues to evolve DAI sees a
whitespace opportunity to deliver full-stack sovereign orchestration solutions to enterprises via Sugarwork entry
and to SMEs via the Agentic Graph.
21
Use of proceeds
What A$15m unlocks over the next 12 months
Five milestones that compound into the DecidrUS valuation reference.
22
Use of proceeds
1 Fully paid ordinary shares as of last close on Monday, 4th, May 2026
Sources, uses of funds and pro forma capital structure
Sources A$M
Institutional Placement $15.00
Cash and cash equivalents balance as at 31 March 2026 $17.16
Total Sources $32.16
Uses A$M
Knowledge Security Platform Sugarwork) $6.00
M&A opportunities $6.00
Sovereign Compute, Patents & Research $2.00
Offer Costs & Working Capital $1.00
Total Uses $15.00
Fully paid ordinary
shares1
Existing
shares
% pre-offer
Offer shares
issued
Post-offer
shares
%
Post-offer
shares
Decidr Group Pty Ltd 78,400,000 24.1% 0 78,400,000 22.4%
JR Cranston Family Trust
7,054,794
2.2% 0 7,054,794 2.0%
Lead Nation Holdings
Limited
5,285,000 1.6% 0 5,285,000 1.5%
Vincent Corp Pty Ltd 4,995,000 1.5% 0 4,995,000 1.4%
Institutional Placement 0 0.0% 24,590,168 24,590,168 7.0%
Other shareholders 229,074,040 70.5% 0 229,074,040 65.6%
Total shares outstanding 324,809,534 100% 24,590,168 349,399,702 100%
Other securities
Options 56,972,000 17.5% 0 56,972,000 16.3%
ESOP – performance
rights
2,281,677 0.7% 0 2,281,677 0.7%
23
Details
Equity raising timetable
Indicative summary of events Date
Trading halt announced Tuesday, 5 May 2026
Placement bookbuild completed Tuesday, 5 May 2026
Trading halt lifted – Securities recommence trading on ASX and announce completion of Institutional
Placement
Wednesday, 6 May 2026
Settlement of New Shares under the Institutional Placement Wednesday, 13 May 2026
Allotment and Quotation of New Shares under Institutional Placement Thursday, 14 May 2026
24
Placement timetable
Confidential / Copyright
©
Appendix
25
Rare Earths
Energy
Chips
Data Centres & Compute
Data Labelling & Training
Foundation Models
AI Applications
Orchestration
AI is a horizontal technology, not a vertical market
Standalone AI point solutions face distribution and margin compression
Orchestration is the value-capture layer
Sits between c.US$600B of infrastructure and $trillions of enterprise processes.
Platform economics compound
Each capability acquired compounds inside a shared orchestration layer. Network
effects: more schemas → more patterns → better orchestration for all
Enterprise and sovereign capable by design
Deterministic guardrails prevent probabilistic outputs from corrupting ledgers,
contracts or compliance records.
Source: MIT NANDA (2025); Arcade.dev / Gartner (2025) — 94% of enterprises view process orchestration as essential for deploying AI effectively.
Global capital is building the intelligence stack. DAI is building
the deterministic layer that translates probabilistic AI output into
governed enterprise execution.
DAI builds the missing
orchestration layer
26
DAI
26
Probabilistic AI
● LLMs predict the next most likely token — output is a
probability distribution, not a fixed answer
● Hallucination rates 0.7%30%) mean even the best
models fail 7 in every 1,000 prompts
● Compounding error: at 95% step-reliability, a 20-step
workflow succeeds only 36% of the time
Deterministic Business
● Compliance, pricing, and contracts require predictable,
repeatable outcomes
● Explainability is the #1 AI adoption barrier in regulated
industries 65%
● Legacy systems expect deterministic inputs, not
probability distributions
● Single errors in commerce trigger regulatory action,
brand damage, or financial loss
95% of generative AI pilots fail (MIT NANDA, 2025).
The bottleneck is not better models — it is the coordination and reasoning layer that sits above them.
Raw AI capability does not produce compliant decisions, trusted transactions or functioning economies. The gap between
probabilistic models and deterministic business is where enterprises get stuck.
Intelligence ≠ Coordination
The problem
27
Capture stays on-shore
Deploy inside your VPC, sovereign cloud, or
on-prem. No fragment of captured reasoning
transits through Sugarwork-controlled systems.
Training runs in your
environment
LoRA/QLoRA jobs execute on infrastructure you
control. Sugarwork operators cannot see your
corpus or intermediate gradients.
Inference stays inside the
boundary
No tokens transit to third parties. Air-gapped
option available — the model operates with zero
outbound egress.
You own the weights
Customer-held artefacts. Terminate us and
the model remains yours. We retain no copies.
Your data trains your model
Nobody else's
Enterprise knowledge value from Sugarwork
28
28
28
Share your feedback
Discover