Predictive AI company ALPHA10X is moving its global headquarters from France to Qatar after raising $5M in a Pre-Series A round led by Doha-based GrowthX Capital.
The investment was announced at a signing ceremony hosted by Qatar Chamber. ALPHA10X plans to relocate staff to Doha, recruit locally and have at least 50 senior employees in the city by the end of 2027, according to founder and group chief executive Robert Marcus.
The company develops decision intelligence software for private equity, venture capital and investment banking. Its proprietary ALPHAcodex system combines investment evidence, predictive models and institutional decision-making rules to help investors assess opportunities, risks and uncertainty while keeping final decisions with them.
ALPHA10X said the new funding will primarily support product development and improved predictive capabilities. It also plans to connect investment insights more closely with transaction execution and capital deployment.
The company previously raised $20M in seed funding and, through a partnership with strategy consulting firm Kearney, has delivered more than 100 engagements across 11 countries.
Source: Middle East AI News
