LocAI Ltd Secures $1.2M Pre

LocAI Ltd, a company specializing in advanced artificial intelligence solutions for the UAE and GCC region, has announced it has secured $1.2 million in investment capital. This funding round marks a significant milestone for the company, which focuses on combining global AI expertise with deep local knowledge to address the unique challenges and opportunities within the vibrant regional market.

The newly raised capital is intended to accelerate LocAI's mission to leverage AI's transformative power and foster innovation across the UAE and GCC. The company plans to deploy these funds towards key growth initiatives, including the further development of its advanced, tailored AI solutions and the expansion of its operational capabilities within the region. This investment will support LocAI in its commitment to crafting global solutions and creating impactful products designed to solve real-life challenges, delivered by a diverse team attuned to local contexts.

LocAI distinguishes itself through its regional focus, integrating best global practices with local insights to deliver state-of-the-art AI solutions. The company emphasizes its commitment to community empowerment, utilizing AI to drive positive change and development within local communities. Its core values of speed, delivery, alignment, and ownership guide its approach to exceeding expectations and delivering impactful solutions promptly, aligning its goals with industry needs and driving progress with stakeholders.

This funding positions LocAI Ltd to significantly advance its journey in shaping the future of technology in the UAE and GCC. The company aims to continue its trajectory of growth, driving progress hand in hand with its stakeholders and expanding its reach within the region's evolving AI landscape.