G42, the main UAE-based AI and cloud computing expertise firm, introduced the launch of the US$10 billion G42 Enlargement Fund, a world expertise progress fund fashioned in strategic partnership with Abu Dhabi Progress Fund (ADG). The fund, which might be managed by a subsidiary of G42, is targeted on accelerating the tempo of worldwide innovation by investing in late-stage progress corporations with disruptive applied sciences and robust enterprise fundamentals.
The G42 Enlargement Fund will function as a personal fairness investor, with a big share of funding earmarked for prime progress areas. Along with offering funding help, G42 will leverage its operational belongings and ecosystem of working corporations to speed up worth creation throughout the G42 Enlargement Fund’s portfolio of investments.
The G42 Enlargement Fund’s funding priorities will span throughout applied sciences that promise to form the worldwide financial panorama within the subsequent many years, reminiscent of computing and communications applied sciences, clever mobility, clear tech and renewables, digital infrastructures, new supplies, multiverses, fintech, healthcare, and life sciences.
Leveraging its elementary and utilized AI analysis, along with its cloud computing capabilities, G42 develops high-impact expertise options to unravel the world’s most advanced issues by way of a sturdy enterprise portfolio together with Bayanat, G42 Healthcare, G42 Good Nation, G42 Cloud, Injazat, Khazna, Presight, and extra. G42 additionally companions with a rising international community of main worldwide organizations in its mission to democratize entry to cutting-edge expertise for each market on this planet.
Latest partnerships and investments in key industries embrace G42 Healthcare’s partnership with Oxford Nanopore Applied sciences, a UK-based DNA-sequencing specialist; G42’s funding in Past Limits, a US-based industrial and enterprise-grade synthetic intelligence firm; G42’s partnership with Cerebras Techniques, a US-based staff of pioneering pc architects, deep studying researchers, and engineers who’re constructing a brand new class of pc system particularly designed for AI; and FLYR Labs, a US-based firm centered on delivering AI-powered income administration purposes for transportation leaders.
Additionally printed on Medium.
