Arcapita invests in cutting-edge AI firms
Funding | Jan 22, 2025 | Zawya
Bahrain's Arcapita has embarked on a transformative investment journey, targeting a high-growth portfolio of artificial intelligence (AI) companies through a strategic partnership with New York-based Parkway Venture Capital. This portfolio focuses on key AI sectors including robotics, quantum computing, and generative technologies. Notable entities within this portfolio are Microsoft-backed Figure AI, which specializes in AI-powered humanoid robots, and SandboxAQ, a quantum AI firm spun off from Alphabet and supported by influential investors such as Eric Schmidt and Marc Benioff. The global AI market is on a significant growth trajectory, with a projected compound annual growth rate of 28% from 2024 to 2030. This trend highlights the relevance and timeliness of Arcapita's investment strategy, providing its investors with access to early-stage AI tech opportunities. Arcapita's US Private Equity Managing Director, Neil Carter, emphasized their commitment to supporting businesses at the forefront of technological innovation. With AI's expanding role across both private and public sectors, Arcapita's strategic vision aligns with global market trends, capitalizing on the rapid adoption and integration of AI technologies.
Sectors
- Artificial Intelligence
- Venture Capital
Geography
- Bahrain – Arcapita is based in Bahrain and is leading the investment in AI companies.
- United States – Parkway Venture Capital is based in New York, USA, and many of the portfolio companies have significant connections to the US market.
Industry
- Artificial Intelligence – The article discusses investments in AI firms, focusing on the transformative technology sector including robotics and quantum computing.
- Venture Capital – Parkway Venture Capital's involvement signifies the role of venture capital in funding high-growth AI firms.
Financials
- 28% – The projected compound annual growth rate of the global AI market between 2024 and 2030.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Arcapita | Investor | Company | A Bahrain-based investment firm leading the investment in the AI portfolio. |
| Parkway Venture Capital | Partner | Company | A New York-based venture capital firm partnering with Arcapita. |
| Figure AI | Portfolio Company | Company | An AI firm developing AI-powered humanoid robots with partnerships with companies like Amazon and BMW. |
| SandboxAQ | Portfolio Company | Company | A quantum-focused AI firm spun off from Alphabet and backed by prominent investors. |
| Neil Carter | Managing Director | Person | Managing Director of US Private Equity at Arcapita. |