Key Takeaways
- The Presight ShorooqAI Fund, with $100 million, supports AI startups globally, backed by Presight and Shorooq.
- The fund targets sectors like smart cities, fintech, and augmented reality, focusing on scalable AI solutions.
- Investments provide access to advanced computing resources and Presight’s expertise in analytics.
- The collaboration enhances portfolio companies’ access to capital markets and regional partnerships.
- The fund aims to strengthen Abu Dhabi’s position in the global AI and advanced technology landscape.
The Presight ShorooqAI Fund has begun deploying capital from its $100 million global investment vehicle. The fund was created through a partnership between Presight, an AI and big data analytics company, and Shorooq, an Abu Dhabi-based investment firm. It is domiciled in Abu Dhabi Global Market.
The fund focuses on supporting startups developing artificial intelligence, machine learning, and advanced data technologies. It provides financial backing along with strategic and technical support to help companies expand into international markets.
Investment Focus and Target Sectors
The Presight ShorooqAI Fund invests across multiple industries where AI applications are growing. These sectors include smart cities, energy, fintech, Industry 4.0, gaming, augmented and virtual reality, and other deep technology areas.
Startups selected for investment may receive access to technical infrastructure, including advanced computing resources and AI development tools. Companies can also benefit from Presight’s expertise in analytics and enterprise AI deployment.
The fund evaluates opportunities at different stages of growth. Its objective is to support scalable AI solutions with commercial potential.
Partnership Structure and Global Scope
The collaboration combines Presight’s operational experience in AI systems with Shorooq’s venture capital background. This structure enables portfolio companies to access capital markets, enterprise networks, and regional partnerships.
The fund seeks investment opportunities beyond the Middle East. It targets startups in North America, Europe, Asia, and other innovation hubs. Through these investments, the initiative supports broader AI ecosystem development.
The launch and capital deployment align with Abu Dhabi’s strategy to strengthen its position in artificial intelligence and advanced technologies.
Source: https://www.middleeastainews.com/p/presight-shorooqai-fund-deploys-capital