UAE’s Alterra Joins General Atlantic in Tech Deal Amid Iran War

Abu Dhabi’s Alterra is backing a General Atlantic unit’s investment in a technology platform, the latest sign that Middle East investors are continuing with dealmaking even as the Iran war approaches the one-month mark.

The commitment to Wireless Logic is Alterra’s first deployment alongside BeyondNetZero, General Atlantic’s growth equity strategy focused on the energy transition, according to a statement Wednesday. The financial details of the investment in the Internet of Things platform that enables emissions-reduction solutions were not disclosed.