- UAE-based credit scoring platform zypl.ai has raised $5.5 million in a bridge round led by Carbide Ventures and investors including Shukhrat Ibragimov, reaching an $80 million valuation.
- Funded in 2021 by Azizjon Azimi, zypl.ai develops synthetic data solutions for financial institutions, powered by its proprietary zGAN model, designed to improve AI decisioning under volatile market conditions.
- The funding will support global expansion and deployment of next-generation AI solutions as zypl.ai scales its presence across key markets.
Press release:
zypl.ai, a pioneering AI company applying synthetic data for AI decisioning in financial services, today announced $5.5 million raised at a valuation of $80 million from Silicon Valley-based Carbide Ventures and prominent business leaders, including Mr. Shukhrat Ibragimov. The investment marks a significant milestone in zypl’s growth trajectory and underscores deepening confidence in the company’s AI platform and rapid global expansion. The bridge round will power zypl’s ongoing growth across key markets, enabling the deployment of next-gen synthetic data solutions for banks fuelled by the company’s proprietary zGAN model.
“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,” said Dan Weirich, Carbide Ventures general partner.
Mr. Shukhrat Ibragimov serves as the Chief Executive Officer of Eurasian Resources Group (ERG), one of the world’s leading diversified natural resources companies, where he leads the group’s global strategy and modernisation initiatives. ERG is one of the world’s largest producers of ferrochrome and cobalt and a major supplier of critical minerals used in batteries, renewable energy systems, and advanced manufacturing. In addition to his role at ERG, Mr.Ibragimov serves as Chairman of the Board of Eurasian Bank, one of Kazakhstan’s largest privately owned banks and Eurasia Insurance Company, Kazakhstan’s leading insurance company.
zypl.ai has developed zGAN, a proprietary generative AI model focused on outlier synthetic data that optimises predictive AI performance under macro volatility, with two papers published on arXiv and recently presented at NeurIPS. 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. The company serves 60+ financial institutions across 20 markets worldwide and is backed by Prosus Ventures, Carbide Ventures and others.