Source: Wamda
Dubai, UAE, June 24, 2025, Middle East Venture Partners (MEVP), among the leading venture capital companies in the Middle East and North Africa (MENA) region, has now announced its investment in AppliedAI, a fast-growing artificial intelligence company based in Abu Dhabi.
This investment is part of AppliedAI’s oversubscribed $55 million Series A funding round, which drew more interest than initially anticipated. Other major participants in the round included G42 and Bessemer Venture Partners.
AppliedAI is the creator of an AI automation platform called Opus. Opus is a platform that enables businesses in highly regulated industries like financial services, healthcare, and government to automate their back-office work while following rules. As you can guess, these industries have strict (and often updated) rules. Opus helps companies improve efficiency by reducing manual work while ensuring compliance with regulations.
The company’s technology is already in use by trusted organizations known for being secure, reliable, and regulation-compliant. Many companies are using AI while quickly growing in this region. AppliedAI has a great opportunity to be a significant player in Digital Transformation.
“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.”
Financed through this fundraising round will help AppliedAI expand internationally, improve its products and grow across the MENA region and beyond.
AppliedAI was originally established out of London before relocating its headquarters to Abu Dhabi in 2022 where it has forged valuable partnerships in the growing artificial intelligence ecosystem in the UAE. The company has been able to leverage its presence in Abu Dhabi to obtain support from investors in the region and focus on its unique positioning in the UAE’s emphasis on technology and innovation.
About MEVP
Middle East Venture Partners (MEVP) is a venture capital firm that makes early stage and growth stage investments in technology startups based in the MENA region. MEVP’s five offices are located in Dubai, Riyadh, Beirut, Cairo, and Amman. MEVP has over $300 million in assets under management, and is known for investing in startups that are driving real transformation and change through innovation.
About AppliedAI
AppliedAI builds AI tools for businesses that have strict rules that need to be followed. For example, its first product, Opus, enables companies to automate complex tasks while adhering to rules and regulations. AppliedAI’s objective is to help organizations in finance, healthcare and government embrace and harness digital transformation in a purposeful way.
