UAE: Presight, Shorooq launch $100mln global fund to accelerate AI innovation

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First published: 23-Sep-2025 15:32:31Staff WriterPresight, a leading global AI and big data analytics company, and Shorooq, a leading Abu Dhabi-headquartered investment firm regulated by the FSRA as Fund Manager, today announced the launch of a global AI innovation fund (Presight–Shorooq Fund I) that aims to invest US$100 million in the next generation of AI breakthroughs.Mansoor Al Mansoori, Vice Chairman of Presight, witnessed the signing ceremony of the Presight–Shorooq Fund I. He said, “Abu 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–Shorooq 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’s unmatched ability to rapidly implement transformative AI solutions for the benefit of our communities.”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 symbolises the UAE’s 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.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’s deep domain expertise in AI and big data solutions, and Shorooq’s track record of managing capital, identifying outstanding opportunities and scaling startups, the fund aims to bridge ecosystems – connecting visionary founders from around the world with strategic capital and mentorship.An important differentiator will be access to a channel distribution network across the ecosystem of the UAE, G42 and Presight’s international customer network. Whether it’s 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.Thomas Pramotedham, Chief Executive Officer of Presight, said, “We’re combining Presight’s AI leadership with Shorooq’s investment acumen to fu...

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