UAE-based AI startup Brands.io has secured a Seed funding round for an undisclosed value from unidentified investors just one month after its establishment in Dubai in October 2024.
Founded in 2024 by Chetan Gera, the platform operates on a business model focused on providing customised domain names tailored to meet the needs of companies in the AI sector. Its diverse customer base includes Nasdaq 100 companies, unicorn startups, as well as early-stage companies.
This investment will be used to develop the platform, add new technical features, expand into markets in Europe, the Middle East, and Africa, and strengthen its presence in the Gulf Cooperation Council countries. Additionally, it will help improve the user experience and simplify the purchasing process.
The UAE artificial intelligence market size was valued at USD 3.47 billion in 2023 and is projected to grow at a CAGR of 43.9% between 2024 and 2030. Flourishing artificial intelligence (AI) roadmap and growth of large language models have put the Emirates in a solid position. Moreover, concerted efforts on safety and privacy have culminated in an injection of funds into state-of-the-art AI technologies.
The launch of Brands.io aligns with the rapid global growth of the AI sector and the increasing demand for unique digital identities, providing the platform with an opportunity to offer solutions that empower companies to build strong, distinctive digital identities.