AAICO’s AI technologies will be deployed throughout Stanley Money, as properly as integrated into its Stanley Labs technologies arm to establish new investments and increase its portfolio firms
LONDON and ABU DHABI, March 29, 2022 /PRNewswire/ — Stanley Money (‘SCP’), the European and U.S.-centered mid-marketplace non-public fairness company focused on expanding sustainable businesses in the Health care, Technology and Source Effectiveness sectors, and Utilized Synthetic Intelligence Corporation (‘AAICO’), a primary synthetic intelligence (‘AI’) technological know-how organization headquartered in the UAE, are delighted to announce a landmark AI partnership aimed at transforming private fairness investing.
The partnership will entail using AAICO’s proprietary AI technologies inside of Stanley Labs (‘S-Labs’), Stanley Capital’s technological innovation arm, which focuses on creating and working with AI and automation items to determine, appraise and create price within SCP, its Health care Providers and Program Distinctive Reason Acquisition Motor vehicle (‘SPAC’), and its portfolio businesses.
AAICO and Stanley Funds very first partnered on SCP’s $216 million SPAC, Health care AI Acquisition Corp., which mentioned on NASDAQ on December 10, 2021 (NASDAQ:HAIA). AAICO’s involvement in HAIA marks a single of the initially illustrations of a UAE entity partnering in a effective $200+ million NASDAQ SPAC listing.
“Our total financial investment process is anchored by our deep quantitative and elementary study that will be significantly enhanced by our partnership with AAICO to use AI automation to comprehension and making value across our portfolio,” claimed Simon Cottle, Founding Companion at Stanley Cash.
“Our floor-breaking benefit generation partnership with Stanley Money marks an important milestone for the personal equity ecosystem, as one particular of the initially alliances in between a personal equity fund and an AI know-how agency,” explained Arya H. Bolurfrushan, Founder and CEO of AAICO. “At AAICO, AI is not just a buzzword, relatively we rigorously implement AI to repetitive, mission-crucial procedures to unlock value, and we look forward to checking out additional chances to utilize our AI technologies throughout Stanley Capital’s portfolio and investment decision pipeline.”
AAICO is a primary AI technological innovation corporation founded in 2021 by Arya H. Bolurfrushan, along with a group of environment-course Silicon Valley engineers, used AI specialists, and seasoned expenditure gurus. The AAICO workforce is rooted by its earth-course engineers, with headquarters in the UAE and global leadership positioned across San Francisco, London, and Frankfurt. The leadership staff has a put together 115+ a long time technology working experience and 60+ decades of functioning practical experience, which includes with device finding out for in excess of 12 Fortune 500 firms. The crew also provides practical experience from senior roles at AirBnB, Amazon, Amazon Alexa, AltaVista, Aon International, eBay, Goldman Sachs, Google, Microsoft, Oracle, WhatsApp and NASA.
AAICO operates with a personal equity way of thinking by launching, investing in, and applying proprietary AI technological know-how to corporations to unlock measurable value for investors. AAICO deploys a combination of money and AI engineering right via the two private and public investments, as effectively as via particular cases these as buying distressed AI assets.
AAICO targets firms in regulated industries such as, Coverage, Healthcare and Fiscal Providers, which are document, method and useful resource major. Via targeted investments and partnerships with like-minded management groups, AAICO applies its proprietary AI technology to legacy small business products to supply measurable margin advancements.
In its initial 15 months, AAICO productively introduced its to start with AI use scenario, DeepDoc, which has processed around a million webpages of medical promises in 5 days with a U.S.-dependent shopper, conserving considerable time and costs in the approach. AAICO has also partnered with Stanley Cash on SCP’s $216 million Distinctive Reason Acquisition Auto, Health care AI Acquisition Corp. (NASDAQ:HAIA). On the lookout forward, AAICO has several more use instances presently in improvement and continually displays prospects for growth as a result of acquisitions, with an purpose to start two to 4 use cases for every 12 months.
About Stanley Capital
Stanley Funds is a European and US focused mid-sector personal equity company utilizing a investigate and technologies-based solution to discover options in the escalating sustainable investment sectors of Source Efficiency, Healthcare and Technological know-how. Stanley Funds targets enterprises with Company Values of $250mn to $2.5bn. They companion with administration teams, in the vast majority and minority transactions, to renovate organizations via expansion by means of know-how change, operational alter and current market consolidation. Stanley Funds was started in 2019 by Simon Cottle, James Brooks and Patrick Hargutt and has a team of 10 pros performing intently with each other with its Chief Community and investor, sector and know-how partners.
In December 2021, Healthcare AI Acquisition Corp. was detailed as a Unique Function Acquisition Firm on the NASDAQ less than the ticker HAIA. HAIA intends to recognize a possible focus on corporation and entire an preliminary business enterprise combination in the healthcare and pharmaceutical marketplace, specifically a firm in the e-Scientific, Health care Information and facts Technology (“HCIT”) or Outsourced Pharmaceutical Providers industries with high AI readiness and technological transformation potential.
Media Get in touch with:
Charlie Harrison, The One Nine A few Team
+44 788 41 36143
Zach Kouwe / Doug Allen, Dukas Linden Public Relations
+1 212 704 7385