1001 Strengthens GCC AI Ambitions With $30 Million Series A Funding

Sovereign AI company 1001 , with operations across the GCC and London, has secured $30 million in a Series A funding round led by Lux Capital . The investment also attracted participation from PIF owned Sanabil Investments , 9Yards , and Hanabi, while existing investors General Catalyst, CIV, and Stanford AI researcher Chris Ré increased their commitments. The round further received backing from several regional and international angel investors, including Karim Atiyeh, Co founder and CTO of Ram