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Gulf Today
11-05-2025
- Business
- Gulf Today
AqlanX gets $10m from DoxAI for Arabic-first enterprise AI
AqlanX, a UAE-based artificial intelligence company, announced a $10 million investment from Lakeba Group through their venture DoxAI, marking a significant milestone in the region's digital transformation journey. The investment, facilitated through connections fostered by the UAE's NextGen FDI initiative, will accelerate AqlanX's mission to localise and expand the proven enterprise automation capabilities of DoxAI across the Middle East. Founded on the vision of building UAE-Made, Arabic-first AI technologies, AqlanX focuses on automating business processes, enhancing operational efficiency, and transforming enterprise document management for large organisations. The company's roadmap is tightly aligned with the UAE's innovation and digital economy strategy, positioning the nation as a hub for AI and innovation-driven ventures. As part of its national capacity-building strategy, AqlanX, DoxAI and Lakeba have also formed a strategic partnership with the University of Wollongong in Dubai (UOWD) to establish an AI Centre of Excellence. This initiative will cultivate homegrown AI talent, research, and innovation directly in the UAE. The agreement was signed in the presence of Dr Thani Bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, who commented, 'This collaboration between AqlanX, Lakeba, and DoxAI demonstrates the power of the NextGen FDI program to catalyse strategic, cross-sector partnerships. It underscores our commitment to fostering an ecosystem that nurtures innovation and collaboration in priority sectors like artificial intelligence.' Giuseppe Porcelli, Executive Chairman of Lakeba and DoxAI, said, 'This investment is more than capital-it's a commitment to a shared vision. AqlanX represents the next frontier of enterprise AI in the Middle East, and we are proud to bring our experience, technology, and strategic resources to support its growth.' Demetrio Russo, Founder and CEO of AqlanX, added, 'With Lakeba and DoxAI behind us, AqlanX is equipped to deliver Arabic-first AI that is not only world-class, but also born in, and for, the UAE. We are building an innovation hub that reflects the ambitions of this region and empowers its enterprises to lead globally.' With its foundation backed by the expertise and intellectual property of DoxAI, and strategic capital from Lakeba Ventures, AqlanX is positioned to become a regional leader in enterprise AI. The NextGen FDI initiative, launched in 2022, is a core component of the UAE's strategy to promote investment into future-focused sectors, solidify its position as a global hub for innovation, and accelerate the diversification of the national economy. AqlanX joins a cohort of more than 100 companies operating in sectors such as renewable energy, advanced manufacturing, and robotics. In February, The Ministry of Economy has announced that DoxAI, a provider of AI solutions designed to simplify business processes and reduce operational complexities, has joined its NextGen FDI initiative. The programme, which seeks to attract high-growth advanced technology companies to the UAE, will support DoxAI in establishing its regional headquarters in Dubai and scaling its operations to serve regional and global markets. DoxAI applies AI and machine learning to streamline document processing, automate data extraction, and enhance identity verification, delivering real-time, actionable insights for businesses. By reducing the need for human intervention and integrating seamlessly with existing business systems, DoxAI enables organisations to optimise their operations, reduce costs, and focus on strategic initiatives that drive growth. WAM
Mid East Info
11-05-2025
- Business
- Mid East Info
AqlanX Secures US$10 Million Investment from DoxAI to Launch Arabic-First Enterprise AI in the Middle East - Middle East Business News and Information
AqlanX raised the investment thanks to connections made through the UAE's NextGen FDI program HE Dr Thani Al Zeyoudi: 'This collaboration demonstrates the power of the NextGen FDI program and underscores our commitment to fostering an innovative ecosystem.' Dubai, UAE – May 2025: AqlanX, a UAE-based artificial intelligence company, today announced a US$10 million investment from Lakeba Group through their venture DoxAI, marking a significant milestone in the region's digital transformation journey. The investment, facilitated through connections fostered by the UAE's NextGen FDI initiative, will accelerate AqlanX's mission to localize and expand the proven enterprise automation capabilities of DoxAI across the Middle East. Founded on the vision of building UAE-Made, Arabic-first AI technologies, AqlanX focuses on automating business processes, enhancing operational efficiency, and transforming enterprise document management for large organizations. The company's roadmap is tightly aligned with the UAE's innovation and digital economy strategy, positioning the nation as a hub for AI and innovation-driven ventures. As part of its national capacity-building strategy, AqlanX, DoxAI and Lakeba have also formed a strategic partnership with the University of Wollongong in Dubai (UOWD) to establish an AI Centre of Excellence. This initiative will cultivate homegrown AI talent, research, and innovation directly in the UAE. The agreement was signed in the presence of H.E. Dr. Thani Al Zeyoudi, UAE Minister of State for Foreign Trade, who commented: 'This collaboration between AqlanX, Lakeba, and DoxAI demonstrates the power of the NextGen FDI program to catalyse strategic, cross-sector partnerships. It underscores our commitment to fostering an ecosystem that nurtures innovation and collaboration in priority sectors like artificial intelligence.' Giuseppe Porcelli, Executive Chairman of Lakeba and DoxAI, said: 'This investment is more than capital—it's a commitment to a shared vision. AqlanX represents the next frontier of enterprise AI in the Middle East, and we are proud to bring our experience, technology, and strategic resources to support its growth.' Demetrio Russo, Founder and CEO of AqlanX, added: 'With Lakeba and DoxAI behind us, AqlanX is equipped to deliver Arabic-first AI that is not only world-class, but also born in, and for, the UAE. We are building an innovation hub that reflects the ambitions of this region and empowers its enterprises to lead globally.' With its foundation backed by the expertise and intellectual property of DoxAI, and strategic capital from Lakeba Ventures, AqlanX is positioned to become a regional leader in enterprise AI. The NextGen FDI initiative, launched in 2022, is a core component of the UAE's strategy to promote investment into future-focused sectors, solidify its position as a global hub for innovation, and accelerate the diversification of the national economy. AqlanX joins a cohort of more than 100 companies operating in sectors such as renewable energy, advanced manufacturing, and robotics.
Al Etihad
11-05-2025
- Business
- Al Etihad
AqlanX secures $10 million investment from DoxAI to launch Arabic-first enterprise AI in Middle East
11 May 2025 15:48 DUBAI (WAM)AqlanX, a UAE-based artificial intelligence company, on Sunday announced a $10 million investment from Lakeba Group through their venture DoxAI, marking a significant milestone in the region's digital transformation investment, facilitated through connections fostered by the UAE's NextGen FDI initiative, will accelerate AqlanX's mission to localise and expand the proven enterprise automation capabilities of DoxAI across the Middle on the vision of building UAE-Made, Arabic-first AI technologies, AqlanX focuses on automating business processes, enhancing operational efficiency, and transforming enterprise document management for large company's roadmap is tightly aligned with the UAE's innovation and digital economy strategy, positioning the nation as a hub for AI and innovation-driven part of its national capacity-building strategy, AqlanX, DoxAI and Lakeba have also formed a strategic partnership with the University of Wollongong in Dubai (UOWD) to establish an AI Centre of Excellence. This initiative will cultivate homegrown AI talent, research, and innovation directly in the agreement was signed in the presence of Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, who commented, "This collaboration between AqlanX, Lakeba, and DoxAI demonstrates the power of the NextGen FDI program to catalyse strategic, cross-sector partnerships. It underscores our commitment to fostering an ecosystem that nurtures innovation and collaboration in priority sectors like artificial intelligence."Giuseppe Porcelli, Executive Chairman of Lakeba and DoxAI, said, "This investment is more than capital—it's a commitment to a shared vision. AqlanX represents the next frontier of enterprise AI in the Middle East, and we are proud to bring our experience, technology, and strategic resources to support its growth."Demetrio Russo, Founder and CEO of AqlanX, added, "With Lakeba and DoxAI behind us, AqlanX is equipped to deliver Arabic-first AI that is not only world-class, but also born in, and for, the UAE. We are building an innovation hub that reflects the ambitions of this region and empowers its enterprises to lead globally."With its foundation backed by the expertise and intellectual property of DoxAI, and strategic capital from Lakeba Ventures, AqlanX is positioned to become a regional leader in enterprise AI. The NextGen FDI initiative, launched in 2022, is a core component of the UAE's strategy to promote investment into future-focused sectors, solidify its position as a global hub for innovation, and accelerate the diversification of the national economy. AqlanX joins a cohort of more than 100 companies operating in sectors such as renewable energy, advanced manufacturing, and robotics.
Gulf Today
06-02-2025
- Business
- Gulf Today
UAE reinforces its position as hub for innovation, entrepreneurship
The Ministry of Economy has announced that DoxAI, a provider of AI solutions designed to simplify business processes and reduce operational complexities, has joined its NextGen FDI initiative. The programme, which seeks to attract high-growth advanced technology companies to the UAE, will support DoxAI in establishing its regional headquarters in Dubai and scaling its operations to serve regional and global markets. DoxAI applies AI and machine learning to streamline document processing, automate data extraction, and enhance identity verification, delivering real-time, actionable insights for businesses. By reducing the need for human intervention and integrating seamlessly with existing business systems, DoxAI enables organisations to optimise their operations, reduce costs, and focus on strategic initiatives that drive growth. Dr. Thani Bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said, 'We are delighted to welcome DoxAI to the NextGen FDI initiative. Their expertise in AI-driven automation will play a vital role in supporting the UAE's digital transformation journey and further strengthening our advanced technology ecosystem. He added that this collaboration aligns with the country's vision to foster a knowledge-based economy and reaffirms the commitment to positioning the UAE as a global hub for innovation and entrepreneurship. The company's regional headquarters will initially be based in Dubai's iconic Rolex Tower, with plans to deploy its first 15 units from Australia and India. DoxAI also aims to expand its presence in the UAE by forming strategic partnerships with local universities, such as the University of Wollongong, and developing a talent recruitment plan for the 2025-2026 period. Giuseppe Porcelli, Founder and Chairman of DoxAI, stated, 'The UAE is a dynamic and forward-thinking market, offering unparalleled infrastructure, a business-friendly environment, and access to a vibrant technology ecosystem. Joining the NextGen FDI programme is a game-changer for DoxAI. 'The UAE's visionary approach to AI and innovation provides the perfect environment for us to scale our technology, forge new partnerships, and contribute to the region's digital transformation.' The UAE's focus on artificial intelligence aligns with its broader ambitions to enhance digital infrastructure, create smart industries, and attract cutting-edge technology companies. By fostering public-private partnerships and supporting businesses like DoxAI, the UAE is strengthening its leadership in emerging technologies that drive economic growth and diversification. Launched in 2022, the NextGen FDI initiative is designed to attract high-growth and high-potential advanced technology companies to the UAE. Meanwhile in October 2024 the Ministry of Economy has announced that Continuous Ventures, an Ireland-based venture capital firm and accelerator that specialises in supporting high-potential startups in the tech space, has become a strategic partner to its NextGen FDI initiative, which seeks to attract pioneering global companies to the UAE. Continuous Ventures will support the initiative's mission in three core ways: to use its knowledge to assess potential programme entrants, offer go-to-market strategies for recently onboarded companies, and introduce their startups to the initiative. Dr. Thani Al Zeyoudi, Minister of State for Foreign Trade, said the partnership underscores the UAE's commitment to becoming a global leader in innovation and entrepreneurship. 'This collaboration with Continuous Ventures will play an important role in our efforts to make the UAE the destination of choice for pioneering enterprises at every stage of their growth journey. As we accelerate our economic diversification efforts, our ability to nurture new ideas, new capabilities and new ventures, particularly in high-potential sectors such as med-tech, renewable energy, advanced manufacturing, agri-tech and trade tech, will support our ambition to develop an economy-based on knowledge and innovation,' he added. Dr. Al Zeyoudi stated that the experience of Continuous Ventures will help NextGen FDI companies leverage the opportunities in the local and regional market but introduce new enterprises to its network. Colin Meagle, Founding Partner of Continuous Ventures, said, 'The UAE is an ideal base for our headquarters due to its forward-looking approach to technology and innovation. Through our partnership with NextGen FDI, we can help homegrown startups compete on a global stage, transforming local ideas into world-changing companies. This collaboration marks an exciting new chapter for us, and we're honoured to contribute to the UAE's journey towards becoming a world leader in tech innovation.'
Hi Dubai
06-02-2025
- Business
- Hi Dubai
DoxAI Joins UAE's NextGen FDI Initiative to Drive AI Innovation
The Ministry of Economy has announced that DoxAI, a leading provider of AI solutions for business automation, has joined the NextGen FDI initiative, reinforcing the UAE's commitment to attracting advanced technology companies. As part of the programme, DoxAI will establish its regional headquarters in Dubai and scale its operations to serve regional and global markets. The company leverages AI and machine learning to enhance document processing, automate data extraction, and improve identity verification, enabling businesses to reduce operational complexities and costs. Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, welcomed the collaboration, stating, 'DoxAI's expertise in AI-driven automation will play a vital role in supporting the UAE's digital transformation and strengthening our advanced technology ecosystem.' He emphasized that the initiative aligns with the UAE's vision of fostering a knowledge-based economy and positioning itself as a global hub for innovation. Initially, DoxAI's headquarters will be located in Dubai's Rolex Tower, with plans to deploy 15 units from Australia and India. The company also aims to expand its footprint in the UAE by forging partnerships with local universities, such as the University of Wollongong, and implementing a talent recruitment strategy for 2025-2026. Giuseppe Porcelli, Founder and Chairman of DoxAI, highlighted the UAE's dynamic tech landscape, stating, 'The UAE offers unparalleled infrastructure and a business-friendly environment. Joining NextGen FDI is a game-changer for DoxAI.' Launched in 2022, the NextGen FDI initiative is designed to attract high-potential tech companies to the UAE, reinforcing the nation's role as a leader in AI and digital transformation. News Source: Emirates News Agency
