Forbes February 10, 2025
Abu Dhabi-based AppliedAI, which helps healthcare companies and insurers automate claims and billing, just raised $55 million in a deal led by G42 with Palantir and Bessemer.
Abu Dhabi is best known in tech for bankrolling foreign startups, venture funds and now AI mega projects like OpenAI’s infrastructure Stargate via its massive sovereign wealth funds. But the UAE also has a small but growing AI ecosystem.
One such startup, AppliedAI, which was originally founded in London in 2021 but moved to Abu Dhabi the following year to take advantage of government grants, has now raised one of the region’s largest early-stage venture funding rounds. G42, the AI lab controlled by United Arab Emirates’ national security adviser Sheikh Tahnoon Bin Zayed,...
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