The MTA Speaks| Prayer times| Weather Update| Gold Price
Follow Us: Facebook Instagram YouTube twitter

Presight Funds 6 AI Startups to Boost Innovation Globally

Presight Funds 6 AI Startups to Boost Innovation Globally

Post by : Bianca Haleem

Presight has announced its first six AI startups selected for investment under its AI Innovation Ecosystem. This move aims to strengthen the development of advanced AI technologies for both national and enterprise-level systems.

The funding comes from the Presight–Shorooq Fund I (PSFI), a $100 million early-stage global fund created in partnership with Shorooq.

The selected companies are based in the United States and the UAE. They focus on key areas such as sovereign AI infrastructure, industry-specific intelligence platforms, and edge-based AI systems. These technologies are designed for use in complex and regulated environments where reliability and security are important.

One of the key investments is in AMI - Advanced Machine Intelligence, which is working on advanced “world model” AI systems. Founded by Yann LeCun, AMI is developing AI that can better understand and interact with the real world. Its solutions are expected to support industries like manufacturing, aerospace, robotics, and healthcare.

In the area of secure AI infrastructure, Presight invested in NodeShift. The company offers on-premises AI systems that allow businesses to run AI models while keeping their data secure within their own systems.

For financial and industry intelligence, investments include:

  • Hebbia – improves research and workflows in financial markets

  • Candid Intelligence – optimises bidding and procurement processes

  • Crunched – provides fast insights and analysis for investors

In the edge AI segment, Presight backed Blue, which develops voice-based AI systems that can perform tasks directly on mobile devices without needing complex integrations.

Presight’s AI Innovation Ecosystem includes an investment fund, an accelerator programme, and research labs. Through its accelerator, startups get mentorship, access to advanced computing resources, and opportunities to work with government and enterprise clients.

According to Presight’s Chief Growth Officer Magzhan Kenesbai, the focus is on building AI systems that can work in real-world environments. Shorooq’s Dr. Bilal Baloch added that the fund aims to connect top AI startups with capital, regulatory support, and market access.

With this initiative, Abu Dhabi is continuing to grow as a global hub for applied AI. Presight plans to expand its ecosystem further with future investments in energy, infrastructure, and AI-powered public services.

March 17, 2026 5:48 p.m. 235
Global News World News

More Trending News

Featured Stories

Peru's Election Authorities Under Pressure Amid Vote Counting Delays
April 18, 2026 6:13 p.m.
Delays in Peru's presidential vote counting have sparked increased pressure on election authorities and raised concerns over the electoral process.
Read More
Trump Expresses Gratitude to Iran for Opening the Strait of Hormuz
April 18, 2026 6:07 p.m.
Donald Trump praises Iran's decision to reopen the Strait of Hormuz, leading to a drop in oil prices and positive market reactions.
Read More
Cameras in Courtroom Could Skew Fairness in Charlie Kirk Trial
April 18, 2026 6:04 p.m.
The defense claims courtroom cameras and extensive media coverage could compromise juror impartiality in the Charlie Kirk murder case.
Read More
US Initiates Migrant Transfers to Congo as Part of New Agreement
April 18, 2026 5:58 p.m.
The US has deported 15 migrants to the DRC, raising legal and ethical questions about such third-country transfers.
Read More
HDFC Bank Sees 8% Profit Increase in Q4 Fueled by Sustained Loan Growth
April 18, 2026 5:57 p.m.
HDFC Bank's Q4 profit climbs 8% to ₹20,350 crore, driven by robust loan growth and income stability amidst rising costs.
Read More
Thunder Set Sights on Consecutive NBA Championships
April 18, 2026 5:53 p.m.
Oklahoma City Thunder seek consecutive NBA titles, showcasing a remarkable season led by Shai Gilgeous-Alexander.
Read More
Market Rally as Oil Prices Tumble After Strait of Hormuz Reopens
April 18, 2026 5:51 p.m.
Global markets soared while oil prices plummeted following Iran's announcement of the Strait of Hormuz reopening, easing supply worries.
Read More
Pakistan Advocates for Renewed US-Iran Negotiations
April 18, 2026 5:49 p.m.
Amid rising tensions, Pakistan enhances diplomatic efforts for US-Iran talks, led by PM Shehbaz Sharif and Army Chief Asim Munir.
Read More
Shah Rukh Khan’s Humility Shines During Mannat Renovation, Says Landlord
April 18, 2026 5:46 p.m.
Shah Rukh Khan showcases his humility by renting during Mannat's renovation, impressing his landlord with his respectful demeanor.
Read More
Sponsored
Trending News