Parkway Venture Capital has entered into a strategic partnership with Arcapita, aiming to enhance their global impact in frontier technology and artificial intelligence investments.

Jesse Coors-Blankenship, General Partner of Parkway, described the collaboration as a pivotal moment for the firm, enabling it to scale operations and influence industry outcomes.

Neil Carter, Managing Director of US Private Equity at Arcapita, highlighted the partnership's potential to support innovative businesses that are shaping the future.

The newly formed AI Portfolio will focus on five seed assets, targeting advancements in robotics, quantum computing, and generative AI.

Among the notable investments is Figure AI, which specializes in AI-powered humanoid robotics and has formed partnerships with major companies like BMW and Amazon, receiving backing from Microsoft, OpenAI, and Nvidia.

Another significant investment is SandboxAQ, which merges AI and quantum computing to advance cybersecurity and materials science, with support from influential figures such as Eric Schmidt and Marc Benioff.

The global AI market is projected to grow at a compound annual growth rate of 28% from 2024 to 2030, driven by increased adoption across industries and technological advancements.

Arcapita boasts over 30 years of experience in private equity and real estate, with a transaction value exceeding $32 billion and a global presence with offices in the US, UK, and UAE.

Parkway Venture Capital, headquartered in New York and Winter Park, Florida, focuses on disruptive technologies, including AI, quantum technologies, and complex engineering.

This partnership marks Arcapita's first investment in a US-based venture capital firm, aiming to unlock significant opportunities across various industries.

The collaboration is expected to empower Parkway to drive meaningful progress across industries while delivering lasting value to its investors.