Kazakh capitals are pouring into the development of AI

Recently, Kazakhstani investors took a strategically important step by investing $2.6 million in Scale AI, a leader in developing training tools for neural networks and artificial intelligence.

This investment demonstrates not only financial wisdom but also foresight, as artificial intelligence (AI) continues to be one of the most promising areas for investment.

Investing in Scale AI brings significant financial benefits. First, the AI and neural network sector is experiencing rapid growth, making such investments especially attractive. Scale AI, known for its advanced data processing and automation solutions, attracts the attention of significant market players. It also allows Kazakhstani investors to participate in developing rapid AI technologies. Among Scale AI investors are NVIDIA, Tiger Global Management, Cisco Investments, Intel Capital, Amazon, and Meta.

Recall that Scale AI completed a Series F financing round last week, raising an impressive $1 billion. This news testifies to investors' high confidence in the company and its future. The AI startup's valuation of $13.8 billion underlines its importance in the global technology market and confirms its leadership in its industry. It is important to note that our investors invested in the company at a valuation of $6.6 billion.

"Such investments bring immediate financial benefits and open up prospects for long-term growth. The technologies developed by Scale AI are in demand in various industries, from medicine to the automotive industry. This guarantees a steady demand for their solutions and, consequently, stable revenue growth." Andrey Berezin, Managing Partner of Raison Investment Company

Scale AI was valued at $7.3 billion in the previous round of fundraising conducted in 2021. Its revenue in 2023 amounted to about $700 million.

Source: DKNews