Close
SparkLabs, an early-stage venture capital firm, has launched a new $50 million fund named AIM AI Fund. This fund aims to support AI startups through its AIM-X accelerator in Saudi Arabia and globally. The initiative reflects the growing interest in generative AI and the increasing number of startups in this sector.
The fund will allocate 35% to accelerator participants and 65% for Series A and B investments, primarily targeting the best AI startups worldwide. SparkLabs has already invested in 14 startups, including those focused on AI video analytics, climate software, and recruitment platforms, showcasing its commitment to fostering innovation in the AI landscape.
• SparkLabs launches AIM AI Fund to support global AI startups.
• The fund aims to invest in 50 to 70 AI companies.
The article highlights the surge in interest and investment in generative AI startups.
SparkLabs plans to allocate a significant portion of its fund to these investment stages for promising AI companies.
SparkLabs has established the AIM-X accelerator in Saudi Arabia to nurture AI innovation.
The firm has gained recognition for backing notable AI companies, including OpenAI.
It serves as a benchmark for many investors looking for the next big AI startup.
SiliconANGLE 15month
Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
How to level up your teaching with AI. Discover how to use clones and GPTs in your classroom—personalized AI teaching is the future.
Trump's Third Term? AI already knows how this can be done. A study shows how OpenAI, Grok, DeepSeek & Google outline ways to dismantle U.S. democracy.
Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.
Log in
Sign Up
AI Tools - Popular
AI Tools - Categories
GPTs - Categories
AI for Jobs
Key AI Highlights in this Article
Key AI Terms Mentioned in this Article
Companies Mentioned in this Article
