The Applied AI Company, a London, UK-based company that builds products for pharmaceutical, healthcare, safety and government sectors, raised $42M in funding.
The round was led by G42, A.R.M Holding, Plug and Play Investment Group as well as families in Europe and the MENA region. Seed investors included Stefan von Liechtenstein, Garry Kasparov, Dennis Mahoney, Valnon Holding, Freud Holdings, HCS GmbH, Plug and Play Investment Group, Bolur Corporation and the same A.R.M. Holding, amongst others.
The company intends to use the funds to accelerate its growth in the US and Europe
Founded in September 2021 and led by Arya Bolurfrushan, Founder and CEO, The Applied AI Company (AAICO) builds products to help automate mission critical human processes within the insurance, pharmaceutical, healthcare, safety and government sectors. Its products reduce human error, manual processes and upgrade productivity.
The engineering team is based in San Francisco, Berlin and the UAE.