AppliedAI has secured $55 million in a Series A funding round led by G42, with participation from Palantir, Bessemer Venture Partners, McKinsey, and Accrete Capital, bringing its pre-investment valuation to $300 million.
The funding will support AI tool development and workforce expansion to serve clients in the U.S. and Europe.
Founded in London in 2021, AppliedAI relocated to Abu Dhabi the following year to leverage government grants, specializing in automating office tasks in highly regulated industries such as healthcare, insurance, and pharmaceuticals.
Using a combination of AI and human review, AppliedAI processes medical invoices and insurance claims faster and more accurately than traditional outsourcing firms.
Notable clients include M42 Healthcare Group in Abu Dhabi, U.S. law firm Morgan & Morgan, and U.K.-based Qinecsa for drug safety monitoring.
