Abu Dhabi’s Presight and investment company Shorooq have introduced a $100 million fund called Presight–Shorooq Fund I to back artificial intelligence start-ups worldwide. The fund, which is hosted in the Abu Dhabi Global Market, combines both capital investment and access to infrastructure to help scale promising ventures.
The fund targets start-ups at early and growth stages developing in areas such as AI/ML, smart cities, energy, fintech, AR/VR, gaming, Industry 4.0, and deep tech. Beyond funding, the initiative provides portfolio companies with technical infrastructure like cloud computing, GPU resources, secure data environments, and access to Presight’s customer and distribution network.
Presight, which is listed on the Abu Dhabi Securities Exchange, brings domain expertise in big data analytics and AI, while Shorooq is regulated by the Financial Services Regulatory Authority as a fund manager and has a track record of supporting high-growth technology enterprises across the Middle East and North Africa. Mansoor Al Mansoori, vice-chairman of Presight, said the fund positions Abu Dhabi as a leader in deploying transformative AI solutions globally. Mahmoud Adi, founding partner of Shorooq, described the partnership as an effort to unite capital and expertise in the region with innovators worldwide.
The fund joins a wave of Middle Eastern investment vehicles aimed explicitly at AI, but stands out in size, scope, and its dual offering of capital plus infrastructure and market access. Presight’s AI-startup Accelerator programme, which selected its first cohort of ten global start-ups from over 120 applications across 17 countries, is one component of its broader strategy to foster innovation.
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