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The Applied Ai Company (Aaico) Secures Us$42 Million In Funding

Nov 23, 2022about 3 years ago

Amount Raised

$42 Million

Abu DhabiInformation Technology

Investors

Play Investment Group

Description

The Applied AI Company (AAICO) has secured US$42 million in funding to further its growth in the US and Europe. Investors include G42, A.R.M Holding, Plug and Play Investment Group as well as distinguished families in Europe and the MENA region.

Company Information

Company

AppliedAI

Location

Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates

About

AppliedAI is a leading AI technology company founded in 2021 by Arya H. Bolurfrushan, along with a team of Silicon Valley engineers, applied AI experts, and seasoned investment professionals. The AppliedAI team is rooted by its world-class engineers, with headquarters in the UAE and global leadership located across San Francisco, London, and Berlin.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech