Bold Vision: Abu Dhabi Launches Powerful $100 Million AI Innovation Fund to Transform Global Tech

Abu Dhabi Launches $100 Million Global AI Fund to Fuel Next-Generation Startups

Abu Dhabi is making a powerful strategic move to cement its position as a global artificial intelligence (AI) leader. In a significant partnership, Presight, a leading international AI and big data analytics company under G42, and Shorooq, a premier Abu Dhabi Global Market (ADGM)-regulated investment firm, have announced the creation of a $100 million global innovation fund. Named the Presight-Shorooq Fund I, this initiative is designed to accelerate the development of cutting-edge AI technologies worldwide.

The fund represents a major commitment to nurturing the global AI ecosystem, targeting startups across a diverse range of sectors including smart cities, energy, fintech, machine learning, augmented and virtual reality (AR/VR), and Industry 4.0. By anchoring the fund in the ADGM, Abu Dhabi signals its intent to become a central hub for AI capital and innovation.

More Than Money: A Comprehensive Ecosystem for Growth

What distinguishes the Presight-Shorooq Fund I from a standard venture capital fund is its holistic support system for portfolio companies. While providing crucial capital, the fund’s greater value lies in the unparalleled access it grants to Abu Dhabi's rapidly expanding AI infrastructure.

Thomas Pramotedham, the CEO of Presight, emphasized that the fund offers a unique combination of "capital injection, technical infrastructure, and access to markets." Startups accepted into the fund will gain more than just funding; they will receive:

• Technical Infrastructure: Access to Presight's high-performance computing resources, including vital GPU capacity and secure data environments, which are often prohibitively expensive for growing companies.

• Market Access: Connections to the vast international customer networks of both Presight and its parent company, G42, providing a direct pathway to scale solutions globally.

• Strategic Guidance: Long-term mentorship and strategic guidance from both Presight and Shorooq, helping startups navigate commercial and technical challenges.

Strategic Vision: Positioning Abu Dhabi as a Global AI Driver

The launch of the fund is a clear extension of Abu Dhabi's broader national strategy to be an active driver, not just a spectator, in the global AI revolution. His Excellency Mansoor Al Mansoori, Vice Chairman of Presight, described the fund as a strategic move to create an ecosystem where promising AI ventures can leverage local resources to implement transformative solutions at scale.

For Shorooq, represented by Founding Partner Mahmoud Adi, this partnership is a defining moment that underscores the Middle East's evolving role in technology. The fund aims to identify and support innovators worldwide, channeling expertise and opportunity into the region while helping portfolio companies expand internationally.

Global Reach with a Strategic Focus

The Presight-Shorooq Fund I will take a global perspective, seeking investment opportunities in major innovation hubs like Silicon Valley, Southeast Asia, and Europe. However, a key part of its mission is to bridge gaps and foster growth in emerging markets, including the Middle East, North Africa, and Asia. The fund is stage-agnostic, meaning it will consider investments in everything from early-stage startups with groundbreaking ideas to growth-stage companies ready for international expansion.

Reinforcing Abu Dhabi's AI Ambitions

This fund is the latest in a series of strategic moves by the UAE to build a comprehensive AI economy. These efforts include the development of massive data-center projects and the creation of a regulatory environment in ADGM that is conducive to technological innovation and investment. By offering a package that reduces common friction points for AI firms—such as access to computing power and cross-border scaling—Abu Dhabi is creating a compelling value proposition for the world's top tech talent and entrepreneurs.

The Presight-Shorooq Fund I is both a substantial financial vehicle and a strong signal: the UAE is doubling down on its commitment to being at the forefront of AI innovation. It offers global entrepreneurs a chance to tap into a well-resourced ecosystem where breakthrough ideas are funded, supported, and accelerated toward real-world impact.