Zacua Ventures Closes $135 Million Fund for AI and Industrial Technology
Zacua Ventures closed its second fund at $135 million, according to EntArabi. The fund exceeded its target by 35% and more than doubled the firm's $56 million debut fund.
Zacua will invest in AI, robotics and other technologies used in construction, manufacturing, energy, mining and critical infrastructure. Its portfolio includes Origin Robotics, which develops autonomous robots for interior wall finishing, Neuron Factory, which uses AI to identify risks during construction planning, and CURA Climate, which is developing technology to electrify cement production.
More than 30 corporate and institutional investors across over 20 countries backed the fund. They include Volvo Group Venture Capital, Holcim Maqer Ventures, Hilti Venture, Trimble Ventures and Dubai Future District Fund.
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