HUNTSVILLE, Ala., Nov. 11, 2026 — Octave Intelligence plc (Nasdaq New York: OCTV and Nasdaq Stockholm: OCTV SDB), a global provider of software for mission-critical facilities and infrastructure, today announced the acquisition of Cerebre, a U.S.-based software company that converts fragmented engineering schematics, plant data and engineering knowledge into a connected plant model.
Octave provides the engineering system of record for assets designed and built through large-scale projects. Cerebre’s technology is used by major global oil and gas companies to combine plant configuration, operating conditions and engineering knowledge into a unified representation of how facilities are configured and operate as conditions change. Integrating Cerebre’s plant model with Octave’s engineering record is expected to strengthen industrial AI applications and create significant growth opportunities in brownfield facilities, where plant data remains largely disconnected.
“Our customers run facilities where being wrong is not an option,” said Mattias Stenberg, Chief Executive Officer of Octave. “For years we have been building the record to design, build, operate and protect those facilities from one connected view. Cerebre provides insights into existing facilities, serving as a context engine for a unified plant model. Introducing Cerebre to Octave’s installed base, which covers 60% of Fortune 500 companies, supports our strategy of accelerated ARR growth and new licensing models.”
Connecting Plant Knowledge with Industrial AI
Most industrial AI applications begin with available data and work backward to establish context. Cerebre takes a different approach by starting with the plant itself. Its technology enables engineers to capture and govern plant-specific operational knowledge that is often isolated across teams or lost over time, while reflecting how individual teams organize and operate their facilities.
Reliability, process, inspection and operations teams can review the connected plant model and retain responsibility for final decisions. AI applications, whether developed by Octave or deployed by customers, can reason over an up-to-date representation of the plant. For Octave customers, this approach is expected to reduce the effort required to connect an initial data source and expand access to additional connected data. The plant model remains customer-owned and technology-agnostic, operating alongside existing tools and systems.
“We’ve spent years operating in stealth, pushing our technology to the limits with the world’s largest and most demanding operators,” said Jeff Robbins, Chief Executive Officer of Cerebre. “We built Cerebre so engineers and AI can reason over the same trusted, real-time model of the plant. By joining Octave, we are positioned to underpin industrial AI and expand across our combined customer base and beyond.”
Cerebre’s capabilities will be delivered through the Octave platform and made available to customers using Octave’s engineering and operations solutions. Additional details are expected in the coming months as part of Octave’s platform launch.
Cerebre’s Operating Scale and Financial Outlook
Founded in 2019, Cerebre is deployed at leading energy companies across more than 200 plants and supports billions of usable data points. The company is expected to generate $8 million in revenue in 2026, with the majority derived from annual recurring revenue (ARR). Cerebre also offers significant growth potential.
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About Octave
Octave provides mission-critical software that enables organizations to make informed decisions throughout the asset lifecycle, including Design, Build, Operate and Protect, where performance, safety and reliability are essential.
By converting complex operational data into actionable intelligence, Octave connects expertise, real-world conditions and enterprise-scale insights to improve performance, resilience and incident response in critical environments.
Octave has approximately 7,200 employees across 45 countries. Learn more at octave.com and follow Octave on LinkedIn.
Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. All statements other than statements of historical fact, including, without limitation, statements regarding the anticipated timing of the acquisition of Cerebre, whether the transaction will be consummated, and the expected operational, technical and other benefits of the acquisition, are forward-looking statements. Words such as “may,” “will,” “would,” “could,” “should,” “believes,” “estimates,” “projects,” “potential,” “expects,” “plans,” “seeks,” “intends,” “anticipates,” “continues,” “forecasts,” “target,” “outlook,” “objective,” “goal” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from predicted results, and reported results should not be considered an indication of future performance.
Forward-looking statements are based on current expectations and projections about future events and trends that may affect Octave’s financial condition, results of operations, strategy, short- and long-term business operations and objectives, and financial needs. These statements are also based on a number of assumptions. Forward-looking statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from those expressed or implied, including the risk that conditions to closing the acquisition may not be satisfied or waived, and that the transaction may not close on the anticipated terms or at all; Octave’s ability to successfully integrate the acquisition and realize its anticipated benefits; customer demand for its software solutions; subscription license activity; SaaS adoption; pricing and packaging initiatives; macroeconomic conditions; its ability to execute growth strategies; and other risks and uncertainties described under “Risk Factors” in the Information Statement attached as Exhibit 99.1 to Octave’s Current Report on Form 8-K filed with the Securities and Exchange Commission on May 12, 2026. This information is available on Octave’s investor relations website at investors.octave.com and on the SEC website at www.sec.gov, as well as in other documents filed with the SEC.
All information provided in this press release is as of the date hereof. Forward-looking statements should not be relied upon as predictions of future events. Octave cannot guarantee that future results, levels of activity, performance, or events and circumstances reflected in forward-looking statements will be achieved or occur, including any expected or targeted financial or operating results. Except as required by law, neither Octave nor any other person assumes responsibility for the accuracy or completeness of forward-looking statements. Except as required by law, Octave undertakes no obligation to publicly update any forward-looking statements for any reason after the date of this press release to reflect actual results or changes in expectations.
