MARKET MOVEMENT
UnifyApps secures $ 20 million Series A funding led by ICONIQ Growth
UnifyApps , the Unified Enterprise GenAI platform , announced the closing of a $ 20 million Series A funding round led by ICONIQ Growth , with participation from existing investors including Elevation Capital . ICONIQ Growth General Partner Matt Jacobson has joined UnifyApps ’ board of directors as part of the new funding . This latest round brings the company ’ s total funding to $ 31 million as it aims to bring the benefits of AI to every department with their Unified Enterprise AI Agent platform .
Over the past year , UnifyApps has built a comprehensive data foundation to connect and automate enterprises , addressing a critical need in modern business environments where hundreds of disparate data and software applications can create efficiency losses , data silos , and fragmented workflows . Designed for scalability and complexity , UnifyApps leverages AI to integrate SaaS applications , empowering organisations to manage data centrally , automate workflows , and construct robust data pipelines without needing to write code .
With this new funding , UnifyApps is well-positioned to expand its support for organisations across the Middle East , a region where AI integration and data-driven transformation are high on the agenda . Dubai serves as UnifyApps ’ Middle Eastern hub , anchoring the company in a market that is rapidly adopting AI-driven solutions and aligning with the UAE ’ s national initiatives in artificial intelligence .
By leveraging UnifyApps ’ AI-powered data platform , enterprises can now deploy bespoke AI agents customised to their specific needs , enhancing operations across departments from IT to HR to sales . Built on UnifyApps ’ Unified Enterprise GenAI Platform , these AI agents come equipped with tools for observability , guardrails , and fine-tuning , ensuring AI deployment that prioritizes accuracy , security , and auditability – essential elements for businesses in fastevolving and innovation-focused markets .
“ UnifyApps understands that you need a holistic approach to achieve trusted , effective AI agents ,” said ICONIQ Growth General Partner Matt Jacobson .
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Thoma Bravo sells minority stake in Qlik to Abu Dhabi Investment Authority
Thoma Bravo , a software investment firm , announced it has signed an agreement to sell a significant minority stake in Qlik , a global provider in data integration , data quality , analytics , and AI , to a whollyowned subsidiary of the Abu Dhabi Investment Authority , ADIA .
As part of the terms of the transaction , Thoma Bravo would remain the majority shareholder and would also make a new equity investment in the company . A consortium of other investors is expected to invest alongside ADIA and Thoma Bravo . This transaction reinforces Qlik ’ s leadership in delivering real-world AI solutions through a flexible , agnostic platform .
Since taking the company private , Thoma Bravo has partnered with the Qlik leadership team to accelerate growth through 14 strategic acquisitions and substantial R & D investments . Qlik serves customers across a wide range of industries , including healthcare , financial services , retail , and the public sector .
The recently launched Qlik Talend Cloud enables businesses to build a trusted foundation for AI , while Qlik Answers brings value to proprietary unstructured data sources by generating relevant answers to questions with full explainability . Qlik ’ s platform supports comprehensive data needs across cloud , multi-cloud , and onpremises environments .
Mike Capone , CEO of Qlik , said , “ Our team has seized the AI opportunity , grounded in a commitment to strong partnerships , customer success , and solutions that drive competitive advantage . These principles have fuelled our growth and enabled us to deliver meaningful , tangible value from data and analytics .”
“ It has been a pleasure to work alongside Mike and the Qlik team to establish it as a provider in data integration , data quality , analytics , and AI . We are thrilled to continue this journey alongside Qlik , and now with ADIA , to drive further innovation ,” added Seth Boro , a Managing Partner at Thoma Bravo .•
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