Abu Dhabi’s AI company G42 to lead Astra Tech’s $500m funding round – The National

Abu Dhabi’s AI company G42 to lead Astra Tech’s $500m funding round – The National

Abu Dhabi's artificial intelligence and cloud computing company G42 will be the lead investor in the latest funding round of $500 million for Dubai-based consumer technology development and investment company Astra Tech.

The funding round, which started in October, will be closing soon, Astra Tech said in a statement on Monday, without disclosing the exact timetable and details of other investors.

The company, which recently acquired FinTech platform PayBy and Rizek, the UAE-based super app for on-demand home services, will use the latest funding to acquire other consumer platforms globally.