Abu Dhabi-based Presight, a global artificial intelligence and big data analytics firm, has joined forces with investment firm Shorooq Partners to launch a $100 million global AI innovation fund.
The new vehicle will target startups working across the AI value chain, from early-stage ventures to growth-stage companies, with a focus on scaling solutions worldwide.
Presight, which positions itself as a leader in applying AI and big data to critical sectors, said the fund reflects its commitment to backing breakthrough technologies with real-world impact.
Shorooq, regulated by the Abu Dhabi Global Market’s Financial Services Regulatory Authority (FSRA), brings deep regional investment expertise and a track record of supporting high-growth technology firms across the Middle East, North Africa, and beyond.
The fund aims to support companies tackling challenges in areas such as enterprise AI applications, advanced analytics, generative models, and sector-specific solutions spanning healthcare, finance, and public services.
Both partners emphasized that the initiative is not limited to the Gulf region but will take a global view, identifying opportunities across North America, Europe, and Asia.
The launch underscores Abu Dhabi’s growing position as a hub for AI investment and innovation.
The emirate has made significant commitments to artificial intelligence in recent years, including through state-backed initiatives and partnerships designed to attract leading global talent and capital.
The fund represents a chance to access both growth capital and Presight’s technology expertise, while also benefiting from Shorooq’s global investor networks. For Abu Dhabi, it marks another step in advancing its strategy to become a global leader in the AI economy.