Presight has joined forces with Shorooq to launch Presight–Shorooq Fund I, a $100 million global AI innovation fund. The initiative will target ventures that harness artificial intelligence, machine learning, and advanced data analytics to reshape industries and address pressing challenges.
With Shorooq acting as fund manager under FSRA regulation and Presight bringing expertise in AI and big data analytics, the partnership blends capital management with technological leadership. Together, the two organisations seek to accelerate the adoption of AI-driven solutions across multiple markets.
Building strong growth ecosystems
The fund intends to connect visionary founders worldwide with both capital and strategic mentorship. Leveraging Presight’s experience in AI solutions and Shorooq’s ability to scale startups, the collaboration positions itself as a bridge between ecosystems. Furthermore, access to a powerful distribution network across the UAE, G42, and Presight’s global customers will enhance opportunities for supported ventures.
For example, the fund could back a fintech AI platform in New York, an energy startup in London, or a smart city solution in Singapore. In every case, the goal will be to propel promising companies onto a global growth path.
Strengthening Abu Dhabi’s AI role
Located in the Abu Dhabi Global Market, the fund underscores the UAE’s expanding role in the global AI landscape. It highlights the country not only as a centre of innovation and funding but also as a hub for AI talent and infrastructure. By positioning itself as both a financial backer and a facilitator of cutting-edge technologies, Abu Dhabi is reinforcing its reputation as a leader in next-generation AI development.
