Presight, 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, has launched a global AI innovation fund (Presight-Shorooq Fund I), that aims to invest $100 million in the next generation of AI breakthroughs.
Born from a unique collaboration between principal investors and technology pioneers, the Presight-Shorooq global AI innovation fund is poised to deploy significant capital into AI ventures worldwide.
The establishment of this fund in the Abu Dhabi Global Market symbolizes 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 Presight-Shorooq 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 Presight-Shorooq fund aims to support high-impact ventures and propel their growth on a global stage.
The Presight-Shorooq fund intends to support and back companies at various stages of development that are focused on creating cutting-edge AI, machine learning, and advanced analytics solutions. Key areas of interest for the fund include, but are not limited to, smart cities, energy, fintech, AI and machine learning, augmented reality and virtual reality (AR/VR), game development, Industry 4.0, and deep technology.
Mansoor Al Mansoori Vice Chairman – Presight
“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.”
Thomas Pramotedham, CEO of Presight, said that, “We’re combining Presight’s AI leadership with Shorooq’s investment acumen to fuel the next wave of AI innovation. The fund will enable us to identify and support bold entrepreneurs, from Silicon Valley to Southeast Asia, who are building AI solutions that can transform businesses and societies.”
The CEO emphasized that this fund is more than just capital, what sets it apart is the access portfolio companies gain to infrastructure resources and international markets. This unique blend of funding, infrastructure, and distribution channels gives AI companies the edge to scale quickly and responsibly.
Mahmoud Adi, Founding Partner of Shorooq, described the partnership as a pivotal moment for AI investment, combining Middle Eastern capital and expertise with global innovation. He emphasized that Presight-Shorooq fund goes beyond funding, it signals the Middle East’s leadership in the AI revolution. Adi stressed their commitment to supporting AI companies that solve scalable problems, offering not just capital but strategic guidance and long-term partnership.
The fund will not only provide capital, but also open doors: portfolio companies will gain access to Presight’s deep technical expertise and infrastructure, including cloud compute, GPU resources, and secure data environments alongside Shorooq’s global network of partners, mentors, and strategic markets across the Middle East, North Africa, Asia, and beyond.
