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<\/p>\nBorn from a unique collaboration between principal investors and technology pioneers, this fund is poised to deploy significant capital into AI ventures worldwide <\/p>\n
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Presight\u00a0<\/a>, a leading global AI and big data analytics company, and Shorooq\u00a0<\/a>, a leading Abu Dhabi-headquartered investment firm regulated by the FSRA as Fund Manager, has announced the launch of a global AI innovation fund (Presight\u2013Shorooq Fund I) that aims to invest $100 million in the next generation of AI breakthroughs.<\/p>\n His Excellency Mansoor Al Mansoori, Vice Chairman of Presight,\u00a0witnessed the signing ceremony of the\u00a0Presight\u2013Shorooq Fund I\u00a0and commented:<\/p>\n \u201cAbu Dhabi stands at the forefront of global AI innovation, and the world increasingly looks to the UAE as a trusted leader in AI development and deployment. The Presight\u2013Shorooq Fund is a strategic extension of this vision. With it, we are ushering in a new era where the most promising AI startups from around the world will not only seek capital from Abu Dhabi but also tap into the UAE\u2019s unmatched ability to rapidly implement transformative AI solutions for the benefit of our communities.\u201d<\/p>\n \u2013His Excellency Mansoor Al Mansoori, Vice Chairman, Presight<\/p>\n Born from a unique collaboration between principal investors and technology pioneers, this fund is poised to deploy significant capital into AI ventures worldwide. The establishment of this fund in the Abu Dhabi Global Market symbolizes the UAE\u2019s leadership role in the global AI ecosystem, not only as a vital source of innovation and funding for the next generation of AI, but as a hub for talent and infrastructure.<\/p>\n The fund will focus on investments that leverage artificial intelligence, machine learning, and advanced data analytics to transform industries and solve pressing challenges. Backed by Presight\u2019s deep domain expertise in AI and big data solutions, and Shorooq\u2019s track record of managing capital, identifying outstanding opportunities and scaling startups, the fund aims to bridge ecosystems \u2013 connecting visionary founders from around the world with strategic capital and mentorship.<\/p>\n An important differentiator will be access to a channel distribution network across the ecosystem of the UAE, G42 and Presight\u2019s international customer network. Whether it\u2019s a fintech AI platform in New York, energy startups in London, or a smart city solution in Singapore, the fund aims to support high-impact ventures and propel their growth on a global stage.<\/p>\n \u00a0\u201cWe\u2019re combining Presight\u2019s AI leadership with Shorooq\u2019s investment acumen to fuel the next wave of AI innovation. The fund will enable us to identify and support bold entrepreneurs \u2013 from Silicon Valley to Southeast Asia \u2013 who are building AI solutions that can transform businesses and societies. Importantly, this is more than just a fund; what differentiates the fund from others is that beyond just the capital, the Portfolio companies can benefit from having access to our infrastructure resources, and most importantly our international markets and customers. This combination of funding, infrastructure, and distribution channels is designed to give AI companies the edge they need to scale quickly and responsibly, and that is the unique value proposition.\u201d<\/p>\n \u2013Thomas Pramotedham, Chief Executive Officer, Presight\u00a0<\/p>\n \u00a0\u201cThis partnership is a defining moment for AI investment \u2014 uniting capital and expertise from the Middle East with world-class innovators globally. We are not just launching a fund, we are reinforcing to the world that the Middle East is a driving force in the AI revolution. We have the vision and capital, and through this fund we have a platform to empower entrepreneurs globally. It\u2019s about bridging East and West and showcasing the tremendous potential that arises when our region\u2019s resources meet the world\u2019s best ideas. No matter where you are building your company, if you are solving a problem with AI in a way that can scale and make a difference, we want to hear from you. Our message is that we\u2019re bringing not only capital but also commitment, strategic guidance, and a long-term partnership mentality.\u201d<\/p>\n \u2013Mahmoud Adi, Founding Partner, Shorooq\u00a0<\/p>\n The fund intends to back companies at various stages that are developing cutting-edge AI, machine learning, and analytics solutions.<\/p>\n Key areas of interest include (but are not limited to) smart cities, energy, fintech, AI\/ML, AR\/VR, GameDev, Industry 4.0, and deep tech. The fund will not only provide capital, but also open doors: portfolio companies will gain access to Presight\u2019s deep technical expertise and infrastructure\u2014including cloud compute, GPU resources, and secure data environments alongside Shorooq\u2019s global network of partners, mentors, and strategic markets across the Middle East, North Africa, Asia, and beyond.<\/p>\n","protected":false},"excerpt":{"rendered":"Born from a unique collaboration between principal investors and technology pioneers, this fund is poised to deploy significant…\n","protected":false},"author":2,"featured_media":175801,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[182,181,507,74],"class_list":{"0":"post-175800","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-technology"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/175800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=175800"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/175800\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/175801"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=175800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=175800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=175800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}