Presight and Shorooq Unveil $100m Global AI Innovation Fund

Presight, the UAE-based artificial intelligence and big data analytics company, and Abu Dhabi’s Shorooq Partners have launched Presight–Shorooq Fund I, a global AI innovation fund with up to $100 million in planned investments. The fund will target ventures that apply AI, machine learning, and advanced data analytics to transform industries and address large-scale challenges. Shorooq, regulated by the Financial Services Regulatory Authority as Fund Manager, will oversee capital management, while Presight contributes its expertise in AI and data-driven solutions. By combining Presight’s technological capabilities with Shorooq’s experience in scaling startups and creating value, the fund aims to connect founders worldwide with strategic capital, mentorship, and growth opportunities. A distinguishing feature of the initiative is access to the UAE’s broader innovation ecosystem, including networks from G42 and Presight’s international customer base.