The tokenized data platform Inveniam has received investment from the UAE AI company G42

ChainCatcher news, UAE-based AI company G42 has made an investment in the tokenized data platform Inveniam, with the specific amount undisclosed, having raised over $120 million to date. G42 has 25,000 employees spread across seven AI subsidiaries, with operations in sectors such as energy, healthcare, and data centers.

Inveniam officially announced in 2021 that it secured $25 million in Series A funding led by fund management company Apex, with Cushman & Wakefield also leading. Inveniam's system uses DLT to provide data sources for pricing calculations, most of which may come from AI, and data access is permissioned. It also employs privacy technology that enables institutions to share data without exposing sensitive information. Inveniam utilizes technology from the tokenization startup Tokeny.

Inveniam CEO Patrick O'Meara stated, "We are collaboratively building a system that allows for the sharing, analysis, pricing, and trading of private market assets while ensuring that sensitive source business data remains protected and controlled by its owners."