SparkLabs Secures $50M For AI Startups

September 3, 2024

Anthropic Unicorn News - September 03, 2024

SparkLabs has announced the closure of a new $50 million fund aimed at supporting AI startups, including Anthropic. The fund will benefit startups from the AIM-X accelerator in Saudi Arabia and globally, with the first batch to be revealed at the GAIN Summit.

( 00:00:00 ) Introduction

( 00:00:33 ) SparkLabs Secures $50M to Invest in AI Startups Including Anthropic

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On September 2, 2024, SparkLabs announced the closing of a new $50 million fund named AIM AI Fund, aimed at supporting AI startups from its AIM-X accelerator in Saudi Arabia and other global AI startups. To date, 14 startups have benefited from this fund, with the first batch to be announced at the GAIN Summit in Riyadh on September 10.

Sources

1 https://biztoc.com/x/029e3f9d4378dae5

2 https://techcrunch.com/2024/09/02/sparklabs-closes-50m-fund-to-back-ai-startups/

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