The Abu Dhabi Investment Authority (ADIA) is increasing its investment in artificial intelligence (AI) and has participated in a $200 million seed round financing of a US life sciences company.

This investment was made by a wholly-owned subsidiary of the Abu Dhabi Investment Authority, and its financial details have not been disclosed yet.

Supported by Flagship Pioneering, which founded Moderna, Lila Sciences has also received seed funding from Blue Horizon Advisors, an investment firm with offices in the United Arab Emirates and the United Kingdom.

Other investors in the company include US venture capital firms Modi Ventures, March Capital, ARK Venture Fund, and General Catalyst.

This funding is expected to be used to support the development of Lila Sciences' AI platform, autonomous laboratory, and expanded infrastructure.

The sovereign fund, with nearly $1.1 trillion in assets, has recently made significant investments in artificial intelligence. Among them, ADIA acquired a stake in Qlik, a US data analysis software company, for $1 billion, and the deal valued the company at $10 billion last November.

In January this year, a wholly-owned subsidiary of the sovereign fund also made a $500 million minority equity investment in AlphaGen, an electricity infrastructure portfolio. This investment is still subject to regulatory approval and is expected to be completed in the first half of 2025. The portfolio is one of the largest independent power portfolios in the United States, with more than 11 gigawatts of key power assets, which will help ADIA's investment in the development of AI-driven data centers.

According to data from the London Stock Exchange, ADIA is also associated with an investor group consisting of ChrysCapital Invest Advisors India Pvt Ltd (a subsidiary of Chryscapital Management Co), Hexaware Technologies (a subsidiary of CA Magnum Holdings), Altimetrik Corp (a subsidiary of TPG Inc), and Mphasis, which jointly acquired an undisclosed majority stake in Slk Software Pvt Ltd, a custom computer programming services provider based in Bangalore.

The terms of the deal have not been disclosed, but it is said that the deal is estimated to be worth 56 billion Indian rupees ($646 million). (This article is from the official website of Seetao.com, www.seetao.com. No reprinting is allowed without permission. Otherwise, legal liability will be pursued. If reprinting, please indicate Seetao.com + the original text link.) Editor of the Strategic Column of Seetao.com / Yin Shiqian