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Abu Dhabi on August 28
e&Investment today announced its participation in a Series A funding round for Ikigai Labs, a pioneer in harnessing the power of Structured AI.
During this financing round, Aikigai Labs will receive a total financing of $25 million, with contributions from e& Investment, Premji Invest, and Foundation Capital.
This investment furthers Ikigai Labs’ vision of changing the way organizations use AI, enabling organizations to master the use of AI through the Ikigai Academy and its proprietary platform.
Ikijai Labs offers a no-code AI solution that helps companies meet the challenges of harnessing large data sets and ensuring accurate results.
The company’s innovative approach combines state-of-the-art time-series forecasts with three core tools: aiMatch for data normalization, aiCast for outcome forecasting, and aiPlan for scenario planning.
“We understand the challenges that individuals face in dealing with their tabular data, and companies that struggle to take advantage of the latest technological innovations,” said Devavrat Shah, Co-Founder and CEO Co-CEO of Ikejay Labs, and the Andrew (1956) and Erna Viterbi Professor of Artificial Intelligence and Decisions at MIT. In the AI space, we work to help the global workforce harness the power of AI, and we’re excited to collaborate with e&investment, Premji Invest, Foundation Capital, and luminaries like Diane Greene, who enable us to make data-generated AI effective in impact on the business of companies.
On this occasion, Eddie Farahat, CEO of e&Investment, said: “Ikigai Labs is achieving a paradigm shift in the way companies use AI solutions in their business, by first prioritizing functional teams and meeting them wherever they are in their AI journey through Their signature AI platform and through their prestigious Practical Academy.. Secondly, with the proliferation of data-generating AI based on text and images, Ikigai understands the importance of tabular data, which is the true treasure of most companies.
Farahat added: “Today, artificial intelligence is one of the most powerful technological tools that enrich people’s lives, so we are keen to invest in Ikigai Labs, which is proof of our confidence in their mission to enable maximum benefit from artificial intelligence solutions and make them accessible to everyone.”
Ikigai Labs enhances education by enriching it with an innovative Expert-in-the-Loop (EiTL) approach, and Ikigai Academy has trained more than 6,000 students from more than 90 countries on topics such as “No Code AI” and “Time Series Prediction”. .
And e&invest, through this investment, reaffirms its commitment to support innovative technologies, as this strategic move can stimulate the next generation of artificial intelligence-based solutions, heralding a smarter and more data-centric business world.
