Abu Dhabi, UAE – Presight, a leading global AI and big data analytics company, together with Shorooq, a prominent Abu Dhabi-headquartered investment firm regulated by the FSRA, today announced the launch of the Presight–Shorooq Fund I, a $100 million global AI innovation fund dedicated to investing in next-generation artificial intelligence ventures.
The fund will focus on companies developing AI, machine learning, and advanced data analytics solutions with applications across key industries such as smart cities, energy, fintech, AR/VR, gaming, Industry 4.0, and deep tech. It aims to empower global founders not only with capital, but also with access to Presight’s advanced infrastructure, including cloud computing, GPU resources, and secure data environments, as well as Shorooq’s global network of mentors, partners, and strategic markets.
His Excellency Mansoor Al Mansoori, Vice Chairman of Presight, witnessed the signing ceremony and stated:
“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…”
Thomas Pramotedham, CEO of Presight, highlighted:
“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…”
Meanwhile, Mahmoud Adi, Founding Partner of Shorooq, added:
“This partnership is a defining moment for AI investment — uniting capital and expertise from the Middle East with world-class innovators globally…”
Established within the Abu Dhabi Global Market (ADGM), the fund underscores the UAE’s role as a global hub for AI innovation and investment, bridging ecosystems by connecting visionary entrepreneurs worldwide with strategic capital, infrastructure, and distribution channels.
