Latham & Watkins advises 1001 AI on $30 million acquisition

Lux Capital led a US$30 million Series A financing round in 1001 AI, with participation from existing investors General Catalyst, CIV and Chris Re.

The investment provides 1001 AI with additional growth capital as it develops its sovereign artificial intelligence platform. The company is positioned around locally built, deployed and governed AI capability, with an emphasis on maintaining greater local control over advanced artificial intelligence infrastructure and systems.

The Series A round represents continued investor backing for 1001 AI’s sovereign AI strategy and supports the company’s next stage of development and expansion.

1001 AI is a sovereign artificial intelligence platform focused on developing AI capability that can be built, deployed and governed locally.

The company raised US$30 million in Series A financing, led by Lux Capital, with participation from existing investors General Catalyst, CIV and Chris Re.

The fundraising provides 1001 AI with additional capital to support the continued development and expansion of its sovereign AI platform. The investment reflects growing interest in locally controlled artificial intelligence capabilities and approaches that allow organisations and markets to retain greater control over how advanced AI systems are developed, deployed and governed.

Latham & Watkins advised 1001 AI on the US$30 million Series A financing.