DUBAI — The Middle East’s artificial intelligence startup ecosystem raised a record $8 billion in venture capital over the past 12 months — a 340% increase from three years ago — positioning the region ahead of India, Southeast Asia and Latin America as the world’s fastest-growing AI venture ecosystem.
Healthcare AI attracted the largest share at $2.1 billion, followed by fintech AI at $1.8 billion. Several startups have already achieved unicorn status, with three more on the cusp of the $1 billion valuation threshold.
