CoinVoice recently learned that the UAE artificial intelligence company G42 has made an investment in the tokenized data platform Inveniam, with the specific amount not yet disclosed. To date, it has raised over $120 million. G42 has 25,000 employees spread across seven AI subsidiaries, with business areas covering the energy sector, health, and data centers.
Inveniam officially announced in 2021 that it secured $25 million in Series A funding led by the fund management company Apex, with Cushman & Wakefield also leading. Inveniam's system uses DLT to provide data sources for pricing calculations, most of which may come from artificial intelligence, and data access is licensed. It also employs privacy technologies that enable institutions to share data without exposing sensitive information. Inveniam uses technology from the tokenization startup Tokeny.
Inveniam CEO Patrick O’Meara stated, 'We are collaboratively building a system that allows for the sharing, analysis, pricing, and trading of private market assets, while ensuring that sensitive source business data remains protected and controlled by its owners.' [Original link]
