Overview
LocAI Ltd. is an artificial intelligence infrastructure company headquartered in Abu Dhabi, United Arab Emirates. The company develops AI-powered software products and technology services designed for deployment across multiple business sectors.
The company addresses demand for AI solutions tailored to regional requirements in the UAE and broader Gulf Cooperation Council markets. Its products target specific operational challenges in healthcare, legal services, construction, customer experience management, education, and meeting administration.
Activities and products
LocAI Ltd. has developed five primary AI products: Razi, Specter, Sinan, Mira, and Iqraa. These products serve distinct functions across the sectors mentioned, though specific technical details and use cases for each product are not publicly detailed in available sources. The company's approach focuses on creating region-specific AI solutions rather than generic global offerings.
Stage and funding
LocAI Ltd. was founded in June 2023 by Mohammad Abu Sheikh and Hasan Abu Sheikh. The company raised US$150 million in its initial investment round in November 2023, approximately five months after its establishment. As of August 2024, the company employed approximately 150 people. The company is classified as established despite its recent founding, reflecting the scale of its initial capitalisation and rapid team expansion.
Photograph: Steve A Johnson / Unsplash
Company details
- Legal name
- LocAI Ltd.
- Website
- www.locai.ai
- Headquarters
- Abu Dhabi, United Arab Emirates
- Founded
- 2023
- Sector
- AI infrastructure
- Funding stage
- Established