3 years ago

The Applied AI Company Secures $42 Million to Automate Critical Processes

  • The Applied AI Company, a London-based startup building products for pharmaceutical, healthcare, safety, and government sectors, raised $42 million in funding

  • The round was led by G42, A.R.M Holding, and Plug and Play Investment Group, with participation from families in Europe and the MENA region, as well as seed investors including Stefan von Liechtenstein, Garry Kasparov, Dennis Mahoney, Valnon Holding, Freud Holdings, HCS GmbH, Plug and Play Investment Group, Bolur Corporation, and A.R.M Holding

  • The company plans to use the funds to accelerate its growth in the US and Europe

  • The Applied AI Company aims to automate mission-critical human processes within its target sectors, reducing human error, manual processes, and increasing productivity.

      • ProblemTechnology

      "Manual processes in the insurance, pharmaceutical, healthcare, safety, and government sectors are prone to human error, slow, and inefficient. This leads to delays, increased costs, and decreased productivity."

      Solution

      "The Applied AI Company develops products that automate mission-critical human processes in these sectors, reducing human error, manual tasks, and boosting productivity."

      Covered on