Bakytzhan Dosa’s project attracts global venture capital. The deal size remains undisclosed, but the move confirms interest in B2B solutions from Central Asia.
Venture investor and top executive Lip-Bu Tan, associated with Intel’s leadership, has invested in the startup NaceAI. The project has Kazakh roots and an active office in Astana. Digital Business reported the news.
What happened
NaceAI develops artificial intelligence solutions for the corporate sector. The service automates work with large volumes of complex documentation: it analyzes internal business processes, corporate policies, financial data, contracts, and reporting.
Bakytzhan Dosa founded the project. The 32-year-old has actively participated in the Kazakhstani startup community since 2016. NaceAI currently maintains an office in Astana and a physical presence in Silicon Valley.
The exact amount of the current round remains undisclosed. The project already has a venture funding history: according to the publication, the startup previously attracted investments from other business angels, including a Yahoo! co-founder.
Country and market
For Kazakhstan’s technology market, this deal goes beyond a standard seed round. Local projects usually focus on the domestic market or CIS countries, developing retail fintech products. NaceAI built a complex B2B product from the start, targeting a global audience.
This continues the trend of integrating local teams into the international environment. Finteqstan previously reported that another Kazakhstani startup, UvU.kz, raised investments from a foreign fund at a valuation exceeding $10 million.
Why it matters
Investors of this caliber rarely back just an idea. Their participation validates NaceAI’s technology and the product’s viability in real corporate conditions.
Kazakhstani AI projects are starting to compete for venture capital internationally and offer infrastructure solutions for the global market.
What’s next
The raised funds and the new investors’ expertise will help NaceAI scale its product. For Astana’s IT sector, this sets a precedent that forces international funds to look closer at local technopark residents when searching for strong technical teams.
