Presight and Shorooq have launched a US$100 million global AI innovation fund, targeting investments in AI startups worldwide.

Presight is an AI and big data analytics company, while Shorooq is an Abu Dhabi-based investment firm regulated by the FSRA.

The fund, named Presight–Shorooq fund I, will focus on companies developing AI, machine learning, and data analytics solutions across sectors such as smart cities, energy, fintech, and deep tech.

Portfolio companies may gain access to Presight’s technical infrastructure and Shorooq’s network in the Middle East, North Africa, and Asia.

The fund will invest in startups at various stages.

🔗 Source: Shorooq