Tokenized data platform Inveniam receives investment from UAE AI company G42

According to official news, G42, an artificial intelligence company in the United Arab Emirates, has made an investment in the tokenized data platform Inveniam. The specific amount has not been disclosed. So far, it has raised more than $120 million. G42 has 25,000 employees in seven artificial intelligence subsidiaries, and its business scope covers energy sectors, health and data centers. Inveniam officially announced in 2021 that it had received $25 million in Series A financing led by fund management company Apex and Cushman Wakefield. 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 uses privacy technology to enable institutions to share data without exposing sensitive data. Inveniam uses technology from tokenization startup Tokeny. Inveniam CEO Patrick O’Meara said: "We are working together to build a system that allows private market assets to be shared, analyzed, priced and traded, while ensuring that sensitive source business data remains protected and controlled by its owners."