UAE's Presight, Shorooq Launch 100M USD Global AI Fund

Presight AI Holdings, based in the UAE, is partnering with venture capital firm Shorooq Partners to establish a global AI (artificial intelligence) fund of up to 100 million dollars.

The fund was announced today and is targeted towards innovative AI projects with a specific interest in startups in the Middle East and Africa, as well as emerging markets.

Presight, a G42 company that provides data analytics with AI that is used to analyze information in sectors such as smart cities and healthcare, is collaborating with Shorooq, a business that has already funded successful startups such as Careem and Vezeeta.

They will invest in 20-25 early-stage AI companies in the next three years, each with an investment of between 2-5 million dollars.

Key Highlights

UAE’s Presight, Shorooq launch $100M global AI fund for startups
New AI fund to invest in emerging markets, focus on ethical tech
Presight-Shorooq partnership backs 20-25 early-stage AI companies worldwide

"This fund represents a pivotal step in democratizing AI innovation," said Faisal Al Bannai, Chairman of Presight AI Holdings. "By combining Presight's technological prowess with Shorooq's investment acumen, we're empowering entrepreneurs to solve pressing global challenges—from climate resilience to personalized medicine."

The fund will focus on areas like generative AI, machine learning for sustainability, and ethical AI development. It’s also committed to supporting underrepresented founders, with at least 40% of investments going to startups in the Global South. The fund aligns with the UAE’s Vision 2031, which aims to make the country a leader in digital innovation.

Mahmoud Adi, Shorooq’s Managing Partner, said, "AI is no longer a luxury; it's the backbone of tomorrow's economies. This partnership amplifies our commitment to scalable, inclusive tech that drives GDP growth in emerging regions."

Experts see this as a boost for the UAE’s growing AI scene, which already includes over 500 startups and attracts $1.5 billion in venture capital yearly. The fund could spark new partnerships and even create major AI companies in specialized fields. Presight, which went public this year with a $250 million valuation, has been expanding, recently investing in European data companies. Shorooq, managing $300 million in assets, has a strong history of successful investments.

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With global interest in AI growing, this fund strengthens the UAE’s role as a hub for tech innovation. Startups can apply for funding through Shorooq’s website, with the first investments expected by early 2026.Presight will also provide startups with access to its advanced computing tools, helping them grow faster. With AI expected to add $15.7 trillion to the global economy by 2030, according to PwC, this fund is a key step toward a more inclusive tech future.