Dubai - Sharikat Mubasher: zypl.ai, a UAE-based AI company applying synthetic data for AI decisioning in financial services, raised $5.5 million in a bridge round led by Carbide Ventures and prominent business leaders, reaching an $80 million valuation.

In a recent press release, zypl revealed that the round will support its ongoing growth across key markets, enabling the deployment of next-gen synthetic data solutions for banks fueled by the company’s proprietary zGAN model.

This investment represents a significant milestone in zypl’s growth trajectory and underscores deepening confidence in the company’s AI platform and rapid global expansion.

Dan Weirich, General Partner at Carbide Ventures, commented: “Carbide Ventures first invested in zypl a year ago and is thoroughly impressed with the team, product and growth over the past twelve months. When given the opportunity to invest more, we jumped on it immediately and are working diligently with the team to expand to new geographic markets and additional revenue streams.”

zypl.ai has developed zGAN, a proprietary generative AI model focused on outlier synthetic data that optimizes predictive AI performance under macro volatility. The zGAN synthetic data generator is embedded within Lucid, zypl’s no-code AI platform, enabling financial institutions to independently build and deploy AI models.

Backed by Prosus Ventures, Carbide Ventures, and others, Zypl.ai serves over 60 financial institutions across 20 markets around the world.