Dubai – Sharikat Mubasher: Presight, the UAE-based AI and big data analytics company, teamed up with investment firm Shorooq Partners to launch a $100 million global AI innovation fund.
The new Presight–Shorooq Fund I will target startups worldwide developing cutting-edge artificial intelligence, machine learning, and advanced data analytics solutions, as per a recent press release.
Announced at Abu Dhabi Global Market, the fund aims to back ventures in sectors such as smart cities, energy, fintech, AR/VR, gaming, and deep tech. Portfolio companies will gain not only capital but also access to Presight’s AI infrastructure, cloud computing resources, and international customer network, along with Shorooq’s global investment expertise.
Mansoor Al Mansoori, Presight Vice Chairman, said the initiative reinforces Abu Dhabi’s position as a global AI hub, while Mahmoud Adi, Shorooq Founding Partner, highlighted the fund’s goal of bridging East and West by connecting Middle Eastern capital with top innovators worldwide.
