Arcapita Group Holdings Limited Partners with Parkway Venture Capital to Invest in High-Growth AI Portfolio
Arcapita Group Holdings Limited (Arcapita), a global alternative investment firm, has announced a strategic co-investment in a high-growth portfolio of Artificial Intelligence (AI) companies in partnership with Parkway Venture Capital (Parkway), a U.S.-based venture capital firm specializing in frontier technology. This investment opportunity offers investors exposure to early-stage, pioneering companies at the forefront of the AI revolution.
Commitment to Advancing Emerging Technologies
This partnership underscores Arcapita’s commitment to advancing emerging technologies and AI, fostering innovation and growth in transformative sectors. Parkway’s reputation as a leader in frontier technology and artificial intelligence is further solidified through this collaboration, paving the way for continued expansion and success.
Investment in Artificial Intelligence Portfolio
The Artificial Intelligence Portfolio will focus on investing in five seed assets driving advancements in robotics, quantum computing, generative AI, and more. Notable investments include Figure AI and SandboxAQ, both leaders in their respective fields.
Expected Growth in Global AI Market
The global AI market is projected to experience a compound annual growth rate of 28% between 2024 and 2030, driven by increased AI adoption across industries, technological advancements, data availability, and government support.
Statements from Key Players
Neil Carter, Managing Director of US Private Equity at Arcapita, expressed excitement about the collaboration with Parkway and the potential impact of the investments in the Artificial Intelligence Portfolio. Jesse Coors-Blankenship and Gregg Hill of Parkway highlighted the significance of the partnership in empowering global reach and driving innovation.
Arcapita is a global alternative investments firm focused on private equity and real estate with a track record of over 30 years and a total transaction value exceeding $32 billion. Parkway Venture Capital is a leading venture capital firm backing disruptive technologies across various sectors.
Contact:
