Dubai-based artificial intelligence start-up AIREV has secured a large investment from Venturewave Capital, a venture capital fund with an impact focus based out of Ireland. The strategic investment is a huge milestone for AIREV as it aims to expand its business and drive further into regional and international markets.
The capital infusion will propel AIREV’s fast growth path, enabling the company to build out its AI-powered product portfolio, attract high-quality talent, and ramp up R&D. AIREV focuses on creating advanced generative AI and machine learning solutions optimized for industries like fintech, healthcare, and smart cities.
The investment reflects increasing faith in UAE’s developing AI ecosystem, as global companies are increasingly recognizing the innovation potential of the region. For Venturewave Capital, the investment is a reflection of its vision to nurture high-impact tech startups with the ability to scale responsibly and sustainably.
AIREV CEO thanked for the support, terming it “a strong validation of our vision and execution.” The cooperation is set to open up new growth opportunities, particularly in Europe and the MENA region, making AIREV a burgeoning AI player on the international scene.
