AIREV Secures Investment From Ireland’s Venturewave Capital To Expand AI Platform

AIREV, a UAE-based AI start-up, has received investment from Venturewave Capital, an Irish venture private equity firm. This funding will support AIREV's rapid expansion as it develops its AI operating system, 'On-Demand'. The partnership with Venturewave Capital will help On-Demand explore new markets from the UAE and Ireland.

The On-Demand platform is designed to facilitate the economic shift towards post-Artificial General Intelligence and Artificial Super Intelligence. It allows users to create AI applications by integrating leading large language models with numerous agents and AI tools. This platform aims to democratise advanced AI technology, making it accessible and fostering innovation in generative AI products.

With over 4 million AI-first users globally, AIREV is backed by Core 42, a G42 company. The company continues to enhance its agentic AI Operating System. Over 60,000 users have already adopted the platform, which provides access to inference capabilities across models like OpenAI, Google's Gemini, Meta's Llama, and Jais—an Arabic model developed by Inception, another G42 company.

AIREV has commercial agreements with Panchea, a computer systems supplier, and AIdeology, an Nvidia Elite Partner providing AI solutions. The company is also in talks with Fortune 500 semiconductor firms for commercial and R&D collaborations. The platform integrates seamlessly with major ERP and CRM systems such as Salesforce, SAP, and Microsoft Dynamics.

The marketplace offers over 300 specialised agents. On-Demand can operate on all hardware systems, allowing providers to monetise their infrastructure by linking user computational activities to revenue generation.

Investment Highlights Global Tech Connectivity

The funding agreement was witnessed by Dr. Thani bin Ahmed Al Zeyoudi, UAE's Minister of State for Foreign Trade, and Niamh Smyth from Ireland's Ministry of Trade Promotion. Niamh Smyth remarked that "Venturewave Capital's investment in AIREV highlights Ireland's role as a connector of global tech innovation."

Muhammad Khalid, AIREV's Founder and CEO, explained that "With On-Demand, companies can create the right AI for them – quickly, easily and affordably." He likened it to an App Store for AI but with enhanced optimisation and personalisation features.

Commitment to Global Expansion

AIREV is dedicated to expanding globally from the UAE in collaboration with Ireland. The team is focused on developing technologies that enhance human potential while addressing real-world challenges in sectors like education, healthcare, and energy.

With inputs from WAM