Dubai-based Disrupt.com to invest $100M in AI startups
2024 was a disappointing year for MENA venture capital deals, but that could change as AI adoption accelerates.
Dubai-based venture capital firm Disrupt.com has announced plans to invest $100 million in artificial intelligence startups at the intersection of Web3 and other industries, in a move that could further commercialize emerging AI technology.
According to a Feb. 27 announcement, the funds will back AI startups building solutions for cybersecurity, Web3, automotive technology, and the retail sector, among others.
Disrupt.com’s founders were the creators of cloud solutions provider Cloudways, which was acquired in 2022 by the US-based Digital Ocean Holdings for $350 million in cash.
