AppliedAI Secures Oversubscribed $55M Series A Funding with MEVP and Partners
Deal News | Jun 24, 2025 | Zawya
Middle East Venture Partners (MEVP), one of the leading venture capital firms in the Middle East and North Africa (MENA) region, has participated in the $55 million Series A funding round for AppliedAI, a company specializing in AI-powered automation solutions. This investment was made alongside other prominent investors, namely G42, Bessemer Venture Partners, and strategic partner e&, with the round being oversubscribed. AppliedAI, originally based in London and now in Abu Dhabi, is known for its platform Opus, which transforms back-office operations in regulated industries such as financial services, healthcare, and government. This funding is set to boost AppliedAI's international expansion efforts, enhance its product capabilities, and improve its presence in the regional market. MEVP's involvement in AppliedAI's growth underscores their strategy to back entrepreneurs who create cutting-edge technology that drives significant transformation in the Middle East, aligning with their mission to support global AI leaders originating from the MENA region.
Sectors
- Venture Capital
- Artificial Intelligence
- Financial Services
- Healthcare
- Governments
Geography
- United Arab Emirates – AppliedAI has relocated to Abu Dhabi and is building partnerships within the UAE's AI ecosystem, marking its significance in the region.
- Middle East and North Africa – The focus of MEVP's investment strategy, reflecting the broader regional impact and scope of the fund's activities.
Industry
- Venture Capital – The article involves Middle East Venture Partners (MEVP), a prominent venture capital firm investing in technology startups in the MENA region.
- Artificial Intelligence – AppliedAI develops AI-powered automation platforms, representing the core technological focus of the company's operations and product offerings.
- Financial Services – One of the key regulated industries that AppliedAI provides solutions for, highlighting the relevance of financial services in their operations.
- Healthcare – AppliedAI's platform is used in the healthcare sector, which is a key industry served by their digital transformation solutions.
- Governments – Governments are among the sectors utilizing AppliedAI’s technology, emphasizing its relevance in public sector digital transformation.
Financials
- $55M – The total amount raised in AppliedAI's oversubscribed Series A funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Middle East Venture Partners (MEVP) | Investor | Company | A pioneering venture capital firm in MENA investing in early and growth stages of technology companies. |
| AppliedAI | Target Company | Company | A company providing AI-powered automation solutions for back-office operations in regulated industries. |
| G42 | Co-Investor | Company | A technology company that participated in AppliedAI's Series A funding round. |
| Bessemer Venture Partners | Co-Investor | Company | A prominent venture capital firm that co-invested in AppliedAI's Series A round. |
| e& | Strategic Partner | Company | A strategic partner involved in the Series A funding of AppliedAI. |