Exclusive: US investors lead $30M funding for Gulf AI startup 1001
Dubai- and London-based startup 1001 has raised $30 million from investors including US venture firm Lux Capital and Saudi sovereign wealth fund unit Sanabil, as it looks to use AI to boost the efficiency of the region’s aviation, ports, and energy infrastructure.The funding round was led by Lux, with participation from 9Yards, Hanabi, and Sanabil.The Iran war had “zero impact” on fundraising discussions, Bilal Abu-Ghazaleh, founder and CEO of 1001, told Semafor. The conflict has also driven mor...
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