AI startup 1001 has successfully secured $30 million in funding from a range of investors, including the US-based venture capital firm Lux Capital and the Saudi sovereign wealth fund’s Sanabil unit. The company aims to leverage artificial intelligence to enhance the operational efficiency of aviation, ports, and energy infrastructure throughout the region.
The funding round, primarily led by Lux Capital, also saw contributions from 9Yards, Hanabi, and Sanabil, with General Catalyst and CIV among the participating investors.
In a conversation with Semafor, Bilal Abu-Ghazaleh, the founder and CEO of 1001, emphasized that the ongoing conflict in Iran had “zero impact” on their fundraising endeavors. In fact, he noted that the war has prompted many enterprises to explore AI solutions that can help construct new supply chains and reduce operational costs, especially as the region aims to lessen its dependence on the Strait of Hormuz for trade.
1001 intends to collaborate closely with airlines, port operators, and shipping companies across the Gulf. The startup plans to temporarily place its engineers within these organizations to address immediate operational challenges and innovate new AI-driven solutions. Abu-Ghazaleh pointed out that regional governments are actively encouraging businesses to embrace technological advancements, which opens up opportunities for startups focused on practical AI applications.
“The Middle East may not lead in cutting-edge AI models, but in the realm of applied AI, there is significant potential,” added Abu-Ghazaleh, highlighting a promising landscape for innovation within the region.



