- Propeller has launched a $50 million fund to support AI companies in the region and the U.S. market.
- The fund focuses on software, AI infrastructure, and native AI applications.
- Since 2017, Propeller has been connecting entrepreneurs and tech talent with global opportunities.
Jordanian venture capital firm Propeller has announced the launch of its third fund, valued at $50 million, aimed at supporting AI infrastructure and software companies in the United States and the Middle East & North Africa (MENA) region.
The fund focuses on software companies and horizontal AI infrastructure, with particular attention to projects developing native AI applications or end-to-end infrastructure solutions, spanning from silicon to enterprise systems.
Since its founding in 2017, Propeller has specialized in investing in software and AI infrastructure companies from Seed to Pre-Series A stages, with an emphasis on connecting tech talent and entrepreneurs in the MENA region with global opportunities, especially in the U.S. market.
The fund noted that it has already made five investments this year, all in companies targeting the U.S. market, including Codemod, Netpreme, Stealthium, Pebble, and Ciphero AI.
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