- Presight, in partnership with Shorooq Partners, announced the launch of the Presight–Shorooq Fund I with a value of $100 million.
- The fund targets investments in AI startups across all stages in various sectors, most notably smart cities, energy, fintech, gaming, and Industry 4.0.
- Startups will receive funding and comprehensive technical support from Presight, in addition to Shorooq’s investment expertise and global networks.
Presight, an AI-powered analytics and big data, announced a strategic partnership with Shorooq Partners to launch the Presight–Shorooq Fund I, a $100 million fund aimed at accelerating global AI innovation and driving the growth of startups.
The new fund focuses on investing in AI companies at all stages, across a wide range of sectors including smart cities, energy, fintech, artificial intelligence and machine learning, augmented and virtual reality, game development, Industry 4.0, and deep technologies.
In addition to funding, portfolio companies will gain direct access to Presight’s technological infrastructure—such as cloud computing, GPU resources, and secure data environments—alongside its international customer base and distribution channels. They will also benefit from Shorooq’s investment expertise, which has supported leading companies across the region.
Thomas Pramotedham, CEO of Presight, emphasized that the fund represents a transformative step by combining venture capital with technical resources and global market access, enabling AI companies to scale rapidly and responsibly on an international level.
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