Middle East Venture Partners (MEVP), one of the region’s pioneering and largest venture capital firms, has confirmed its participation in AppliedAI’s Series A funding round, joining forces with G42, Bessemer Venture Partners and strategic partner e&. The latest round sees the Abu Dhabi-based company successfully close an oversubscribed US$55 million raise.
AppliedAI has built an AI-powered automation platform, Opus, designed to overhaul back-office operations in highly regulated sectors such as financial services, healthcare and government. The company’s enterprise-grade solutions aim to address urgent digitisation and operational efficiency needs across the region.
“AppliedAI exemplifies the exceptional founders we back – talented entrepreneurs building innovative technology solutions that drive meaningful transformation in the Middle East,” stated Walid Mansour, Co-CEO at MEVP. “Their deep understanding of regulated environments and proven enterprise traction make them a natural fit for our portfolio as we continue building global AI leaders from the MENA region, bringing forth innovation in tech and societies alike.”
The new funding is expected to support AppliedAI’s international expansion strategy while bolstering its product development and market presence within the UAE and beyond. Having relocated its headquarters from London to Abu Dhabi in 2022, the company has since forged key partnerships within the Emirates’ rapidly advancing AI ecosystem.
According to a recent report by McKinsey, automation is gaining significant momentum in back-office functions globally, with an estimated 60% of occupations having at least 30% of their constituent activities that could be automated. This trend is particularly accelerating in sectors where operational precision and regulatory compliance are paramount — areas where AppliedAI’s platform is positioned to deliver immediate value.
