Presight, a global AI and big data analytics company, and Shorooq, an Abu Dhabi investment firm, announced the launch of Presight–Shorooq Fund I. The $100 million AI innovation fund will support the next generation of global AI breakthroughs.

His Excellency Mansoor Al Mansoori, Vice Chairman of Presight, witnessed the signing ceremony. He said Abu Dhabi continues to lead global AI innovation. He noted that the world looks to the UAE as a trusted leader in AI development and deployment. The fund will encourage AI startups worldwide to seek capital from Abu Dhabi and leverage the UAE’s ability to rapidly deploy transformative AI solutions.

The fund was created through collaboration between investors and technology leaders. It will deploy significant capital into AI ventures worldwide. Its establishment at Abu Dhabi Global Market reflects the UAE’s growing role in the global AI ecosystem.

The initiative will focus on investments using artificial intelligence, machine learning, and advanced data analytics to transform industries and address challenges.

• Presight brings expertise in AI and big data solutions.
• Shorooq contributes its experience in managing capital and scaling startups.

The fund will connect global founders with capital, mentorship, and access to Presight’s distribution network and international customers. It will support AI platforms across fintech, energy, and smart city solutions.

Thomas Pramotedham, CEO of Presight, said the fund combines Presight’s AI leadership with Shorooq’s investment capabilities to fuel the next wave of AI innovation. He emphasized that beyond capital, portfolio companies will gain infrastructure support, international market access, and distribution channels to help them scale responsibly.

Mahmoud Adi, Founding Partner of Shorooq, said the partnership unites Middle East capital and expertise with global innovators. He called it a defining moment for AI investment, aiming to bridge East and West and empower entrepreneurs worldwide.

The fund will support companies at different growth stages that develop cutting-edge AI, ML, and analytics solutions. Areas of interest include smart cities, energy, fintech, AR/VR, GameDev, Industry 4.0, and deep tech. Portfolio companies will gain access to Presight’s technical infrastructure, including cloud computing, GPU resources, and secure data environments, along with Shorooq’s partner network across MENA and Asia.

Related post

View all