DUBAI, UAE – Middle East Venture Partners (MEVP), one of the largest and most established venture capital firms in the MENA region, today announced its investment in AppliedAI as part of the company’s oversubscribed $55M Series A funding round, alongside G42, Bessemer Venture Partners, and strategic partner e&.
AppliedAI, an Abu Dhabi-based company, has developed Opus, an AI-powered automation platform that transforms back-office operations in highly regulated industries including financial services, healthcare, and government sectors. The company’s enterprise-grade solutions address critical digitization needs across the region.
Walid Mansour, Co-CEO at MEVP, commented:
“AppliedAI exemplifies the exceptional founders we back – talented entrepreneurs building innovative technology solutions that drive meaningful transformation in the Middle East.
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 will accelerate AppliedAI’s international expansion, strengthen product capabilities, and enhance regional market presence. The company relocated from London to Abu Dhabi in 2022, establishing strong partnerships within the UAE’s growing AI ecosystem.
