2024, July 30
The “AJ Power” group has made a significant investment in the Latvian artificial intelligence (AI) solutions developer “Apply”, acquiring a 25% equity stake in the company. This investment opens the door to a strategically important collaboration between two industry leaders in Latvia, fostering opportunities to develop products with export potential.
The “AJ Power” group has made a significant investment in the Latvian artificial intelligence (AI) solutions developer “Apply”, acquiring a 25% equity stake in the company. This investment opens the door to a strategically important collaboration between two industry leaders in Latvia, fostering opportunities to develop products with export potential.
“The rapid development of technology, artificial intelligence capabilities, and solutions is creating many new opportunities in the energy sector, while also necessitating significant investment in new technologies to maintain competitiveness. "Apply" is one of Latvia's market leaders in artificial intelligence, boasting an experienced and proven professional team and high potential for future growth. This investment represents an important step, as it provides the "AJ Power" group with a strategic partner, enabling participation in one of the most promising sectors globally,” emphasizes Roberts Samtiņš, head of the "AJ Power" corporate group.
""Apply" has always been focused on artificial intelligence technologies and innovation. The strategic partnership with "AJ Power", built on mutual trust and a shared goal of fostering innovation, will accelerate the growth of both companies and facilitate the development and implementation of new solutions across various sectors," says Agnis Jakubovičs, head of the artificial intelligence (AI) solutions developer "Apply"."
""Apply"and "AJ Power" are already collaborating to develop innovative IT solutions for the energy sector. Work is underway on a research project aimed at improving customer energy efficiency through artificial intelligence solutions."
About “Apply”:
"The Latvia-based company "Apply" develops customized artificial intelligence and computer vision solutions. Founded more than 10 years ago, the company is currently the leading provider of computer vision solutions in the Baltics. "Apply"has implemented projects in the Baltics, the Netherlands, the United States, Finland, Spain, Mexico, and other countries. The company's founders are brothers Agnis and Valts Jakubovičs."
