MGX
About
Abu Dhabi state-backed investment vehicle focused on financing frontier AI and infrastructure.
Founders
Recent News
How Abu Dhabi is building the foundations of an AI economy
Abu Dhabi is backing domestic tech firms to build an AI economy; Origen, an Abu Dhabi spatial-intelligence company, secured a $50M strategic investment from BlueFive Capital and is architecting the city-wide Nabd digital governance platform.
War in the Middle East & Rising Interest Rates Threaten the Funding for AI Build-Out
Regional conflict, attacks on cloud infrastructure, and rising interest rates are threatening capital flows and debt financing for the global AI build-out, even as Gulf sovereign and private capital continue to back AI players.
UAE's MGX co-leads Databricks strategic funding round
UAE investor MGX co‑led a $5 billion strategic funding round in Databricks at a $190 billion valuation, backing the data and AI platform as it scales enterprise AI and reports strong revenue momentum.
UAE's Mubadala weighs $6.3 billion AI data center investment in Japan
Abu Dhabi’s Mubadala, via its AI vehicle MGX, is considering up to ¥1 trillion (≈ $6.3bn) to build a 500MW AI data centre in Akita, Japan, being developed by US startup BitGrid with Japanese IT firm S2 and targeting operations in the early 2030s.