INSAIT is pleased to announce that Ocean Investments is expanding its commitment to supporting the institute with a significant new donation over the next five years. This funding will play a crucial role in attracting and retaining top scientific talent, acquiring new AI computing resources, and supporting other key activities that drive INSAIT’s mission forward.
Since its launch in 2022, INSAIT has received strong backing from Ocean Investments and its founder, Atanas Simeonov, who was among the first donors. The initial contribution provided essential start-up funding for acquiring the institute’s critical infrastructure, laying the foundation for its rapid growth as a world-class AI and computer science research hub.
Atanas Simeonov has emphasized the importance of supporting transformative initiatives, stating: “Part of Ocean Investments’ mission is to identify and support bold, large-scale initiatives that bring positive impact to the country. I believe INSAIT is exactly such a project – transformative in its influence and a true game changer for Bulgaria.”
INSAIT expresses deep gratitude for the continued trust and support from Ocean Investments. This partnership is a testament to the potential of Bulgarian science and technology on the global stage.