Intel CEO invested in the Kazakh startup Nace.AI

AI startup Nace.AI, with offices in Astana and Silicon Valley, has secured investment from Intel CEO Lip-Bu Tan. The deal is part of a new phase in the company's development, as it actively scales its solutions for large businesses and expands its presence in the global artificial intelligence market.

According to Dosa Bakytzhan, founder and CEO of Nace.AI, the investment decision was made after just one conversation.

Lip-Bu Tan is also the founder and chairman of the venture capital fund Walden International, one of the most prominent investors in the global technology industry. Over several decades, he has invested in hundreds of technology companies worldwide, served on the boards of directors of major industry players, including Cadence Design Systems and Hewlett Packard Enterprise, and currently leads Intel, one of the world's leading producers of microchips and computing technologies.

Nace.AI's primary mission is to create artificial intelligence capable of understanding a company as deeply as its executives, with the long-term goal of assisting in managerial decision-making. Today, the technology analyzes internal business processes, corporate policies, financial data, documents, contracts, and reporting, providing leadership with an objective view of what is happening within the organization.

Previously, Nace.AI raised $21.5 million from international investors, with the deal closing in less than 36 hours. The company continues to develop corporate AI technologies and expand its presence in the global market.