AppliedAI Secures $55M Series A to Scale AI-Powered Claims Processing, With MEVP Joining the Round 

AppliedAI, a UAE-based enterprise AI company focused on automating back-office operations in regulated industries, has closed an oversubscribed $55 million Series A funding round. The round includes participation from Middle East Venture Partners (MEVP), G42, Bessemer Venture Partners, and strategic investor e&, further cementing the company’s role within the region’s growing AI and healthtech ecosystem.

Founded in 2021 in the UK by Arya H. Bolurfrushan and relocated to Abu Dhabi in 2022, AppliedAI has built a proprietary AI automation platform, Opus, designed to enhance operational efficiency in complex sectors such as healthcare, financial services, and government. The platform enables rapid and accurate processing of medical billing and insurance claims, offering a faster alternative to traditional outsourcing models.

The fresh funding will be used to fuel the company’s international expansion, enhance product functionality, and deepen its regional footprint. AppliedAI has been forging partnerships within the UAE’s AI infrastructure, leveraging the nation’s ambition to become a global AI innovation hub.

“AppliedAI represents the kind of founder-led innovation we seek to support — entrepreneurs with deep technical knowledge solving hard, high-impact problems in regulated markets,” said Walid Mansour, Co-CEO of MEVP. “Their traction in enterprise and government sectors, paired with their focus on scalable, secure AI solutions, aligns perfectly with our vision for building next-generation tech leaders out of MENA.”

AppliedAI previously raised $42 million in 2022 from UAE-based G42 and members of the Al Maktoum family. With this latest round, the company aims to strengthen its position as a go-to provider for AI-powered claims automation globally, while continuing to scale within the UAE and broader MENA region.

The Series A round underscores rising investor confidence in AI infrastructure companies with practical, revenue-generating applications — especially those rooted in sectors where compliance, accuracy, and speed are critical.