MEVP and G42 invest in UAE AppliedAI series A $55 million round

Middle East Venture Partners (MEVP), a large MENA venture capital firm has invested in AppliedAI as part of the company’s Series A funding round alongside G42, Bessemer Venture Partners, and strategic partner e&. The investment completes AppliedAI’s oversubscribed $55M Series A.

AppliedAI, a UAE based company has developed an AI-powered automation platform, dubbed Opus, 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.

“AppliedAI exemplifies the exceptional founders we back – talented entrepreneurs building innovative technology solutions that drive meaningful transformation in the Middle East,” said 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 funding will accelerate AppliedAI’s international expansion while strengthening product capabilities and regional market presence. The company relocated from London to Abu Dhabi in 2022, establishing strong partnerships within the UAE’s growing AI ecosystem.