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Early-stage venture capital firm SparkLabs has closed a new $50 million fund, AIM AI Fund .
Fund will back AI startups out of its own AIM-X accelerator in Saudi Arabia as well as other AI startups across the globe.
It aims to invest between 50 and 70 companies in total from the fund, which will be announced at the GAIN Summit (Global AI Summit) in Riyadh next Tuesday .
VR Score
82
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78
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72
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English
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