Saudi Arabia-based Blossom Accelerator has launched DominAIte, a platform focused on investing in artificial intelligence startups and helping them turn technology into commercial opportunities.
According to the announcement, companies in Blossom’s portfolio receive capital through Blossom Capital, alongside support with commercialization, market entry, pilot opportunities, strategic introductions and technology resources. They also gain access to Blossom’s network across government, enterprise and investment sectors.
DominAIte is supported by the National Technology Development Program and was built with partners including NVIDIA, the AWS Founders Club in Saudi Arabia, Elm, the Saudi Data and Artificial Intelligence Authority (SDAIA) and Saudi Awwal Bank (SAB).
Blossom said the platform’s first cohort has already resulted in eight investments in early-stage AI companies.
Source: LinkedIn
