Presight and Shorooq Launch $100M Global AI Innovation Fund

Presight, a global AI and big data company, and Shorooq, an Abu Dhabi-based investment firm, have announced the launch of a global AI innovation fund called Presight–Shorooq Fund I. The fund aims to invest US$100 million in the next generation of AI technologies and startups.

Abu Dhabi Leading AI Innovation

Mansoor Al Mansoori, Vice Chairman of Presight, said that Abu Dhabi is becoming a global hub for AI innovation. He explained that the fund will attract promising AI startups from around the world and help them implement transformative AI solutions that benefit communities in the UAE and globally.

Focus On AI Startups Worldwide

The fund will invest in companies using artificial intelligence, machine learning, and data analytics to solve problems and transform industries. It brings together technology experts and investors to support AI ventures worldwide. The fund’s establishment in Abu Dhabi Global Market highlights the UAE’s leadership in AI, innovation, and talent development.

Unique Support Beyond Funding

Thomas Pramotedham, CEO of Presight, said that the fund is not just about capital. Portfolio companies will also gain access to Presight’s technical infrastructure and international market connections. This includes cloud computing, GPU resources, secure data environments, and access to global customers, helping AI startups scale quickly and effectively.

Bridging Global Entrepreneurs and Capital

Mahmoud Adi, Founding Partner of Shorooq, emphasized that the fund connects Middle East resources with innovators worldwide. The fund offers capital, strategic guidance, mentorship, and long-term support to AI entrepreneurs, no matter where they are located. It is designed to help startups grow responsibly and make a global impact.

Key Areas of Investment

The fund will invest in a variety of sectors, including smart cities, energy, fintech, AI/ML, AR/VR, gaming, Industry 4.0, and deep tech. It aims to support companies at different stages of growth while providing them with funding, technical support, and access to strategic markets in the Middle East, North Africa, Asia, and beyond.

Strengthening Abu Dhabi’s AI Ecosystem

This partnership between Presight and Shorooq strengthens Abu Dhabi’s position as a global AI hub. By combining investment expertise with AI knowledge, the fund encourages innovation, attracts top talent, and supports startups that can transform industries and improve societies worldwide.