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Applied artificial intelligence corporation and Stanley Capital partner to bring AI to PE investments

Stanley Capital (SCP), a mid-market private equity firm focused on growing sustainable businesses in the Healthcare, Technology and Resource Efficiency sectors, and Applied Artificial Intelligence Corporation (AAICO), a artificial intelligence (AI) technology company headquartered in the UAE, are partnering to bring artificial intelligence to private equity investing.

The partnership will entail using AAICO’s proprietary AI technologies within Stanley Labs (‘S-Labs’), Stanley Capital’s technology arm, which focuses on developing and using AI and automation products to identify, evaluate and create value within SCP, its Healthcare Services and Software Special Purpose Acquisition Vehicle (‘SPAC’), and its portfolio companies. 

AAICO and Stanley Capital first partnered on SCP’s USD216 million SPAC, Healthcare AI Acquisition Corp, which listed on NASDAQ on 10 December, 2021 (NASDAQ:HAIA). AAICO’s involvement in HAIA marks one of the first examples of a UAE entity partnering in a successful USD200-plus million NASDAQ SPAC listing.

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