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moves money TechAfrica News July 09, 2026

AVELIN AI Raises $3.7 Million to Expand Sovereign AI Platform Globally

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AVELIN AI, a sovereign AI platform built for enterprises and governments in regulated industries, has closed a $3.7 million pre-seed funding round from angel investors. The funding will be used to accelerate AVELIN’s commercial expansion across the Middle East, Europe, and North America, scale its GPU infrastructure, and further enhance its proprietary Cross-Model Fusion technology. Founded by Yury Akinin, a PhD-trained AI entrepreneur, AVELIN combines deep technical expertise with a proven trac

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