AppliedAI has closed a $55 million oversubscribed Series A round with participation from Middle East Venture Partners (MEVP), G42, Bessemer Venture Partners, and strategic partner e&.
Founded in 2021 in the UK by Arya H. Bolurfrushan and relocated to Abu Dhabi in 2022, AppliedAI builds automation tools for highly regulated sectors such as healthcare, financial services, and government. Its enterprise-grade platform, Opus, is powered by a Large Work Model (LWM) and a proprietary Work Knowledge Graph (WKG), designed to handle complex workflows with precision and scale.
One of its core use cases is medical claims processing — where it applies AI to accelerate and improve accuracy across billing and insurance operations, outperforming traditional outsourcing approaches. The company says it now plans to scale internationally while deepening its footprint in the MENA region through partnerships in the UAE’s fast-developing AI ecosystem.
"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.”
This round follows a $42 million investment in 2022 from G42 and the Al Maktoum family. With this latest raise, AppliedAI has now secured nearly $100 million in funding.
For MEVP, the deal reflects a continued push into enterprise AI through its $150 million Middle East Venture Fund IV
