The Applied AI Company Raises $42M Seed Round
The Applied AI Company, a startup that develops machine learning products to automate business processes, raised a $42M seed round to grow its business in the US and Europe.
“AAICO's mission is to develop targeted machine learning driven products that automate mission critical business processes involving manual or repetitive work.” Founder and CEO Arya Bolurfrushan said in a company release.
Founded in September of 2021, the company’s engineering teams work from San Francisco, Berlin and the UAE.
G42 led the round. Notable investors include 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.