Presight has partnered with Abu Dhabi’s Shorooq to establish Presight–Shorooq Fund I, a $100 million AI-focused global investment fund. The initiative aims to accelerate breakthroughs in artificial intelligence, machine learning, and advanced data analytics. By investing in transformative ventures, the fund will target industries where AI can solve pressing global challenges and fuel long-term growth.
Strategic Collaboration and Ecosystem Access
The collaboration combines Shorooq’s experience in managing capital and scaling startups with Presight’s expertise in AI and big data solutions. This partnership intends to bridge global ecosystems by connecting visionary founders with capital, mentorship, and strategic partnerships. Moreover, the fund will provide access to an extensive distribution network across the UAE, G42, and Presight’s international customer base. Consequently, high-potential startups in fintech, energy, and smart cities will benefit from greater market reach and global expansion opportunities.
Reinforcing UAE’s Role in AI Leadership
The fund’s establishment within Abu Dhabi Global Market highlights the UAE’s leadership in shaping the global AI ecosystem. Positioned as both a hub for innovation and a source of strategic funding, the UAE aims to attract global talent while advancing critical infrastructure for AI. This initiative underscores the country’s ambition to play a central role in driving technological progress and fostering global collaboration in the field of artificial intelligence.
