BlueFive continues to pivot toward advanced tech prospects: Abu Dhabi-based private equity firm BlueFive Capital invested USD 50 mn in Abu Dhabi-based AI firm Origen, according to a press release. The company plans to use the funds to accelerate product development, scale up product deployment, expand partnerships, and hire additional talent.

The firm is bullish on AI and tech investments: BlueFive Capital has recently closed a USD 3 bn technology and growth fund, with plans to deploy the capital into US and European companies in AI, biotechnology, and advanced computing. The firm has also led a USD 230 mn seed round in the AI-powered Islamic digital bank Mal and launched a USD 4.6 bn China-focused fund-of-funds in partnership with CICC Capital and HBIS Group, which will allocate a portion of this capital to next-gen tech investments.

About the company: Origen develops and implements AI systems designed for operational use cases, targeting the government services, industrial, and residential sectors. The firm focuses on embedding AI into existing workflows to address complex challenges in government services, smart home systems, and advanced manufacturing.

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