AqlanX, an artificial intelligence company based in the UAE, has announced a significant investment of $10 million from Lakeba Group through its venture DoxAI. This funding marks a crucial step in the region’s digital transformation journey and was made possible through connections facilitated by the UAE’s NextGen FDI initiative. The investment aims to enhance AqlanX’s mission to localize and expand the enterprise automation capabilities of DoxAI throughout the Middle East.

AqlanX is dedicated to developing UAE-made, Arabic-first AI technologies that automate business processes and improve operational efficiency for large organizations. The company’s objectives align closely with the UAE’s innovation and digital economy strategy, positioning the nation as a hub for AI and innovation-driven initiatives.

In a bid to strengthen national capacity, AqlanX, DoxAI, and Lakeba have partnered with the University of Wollongong in Dubai (UOWD) to create an AI Centre of Excellence. This initiative aims to nurture local AI talent, research, and innovation directly in the UAE.

The investment agreement was signed in the presence of H.E. Dr. Thani Al Zeyoudi, UAE Minister of State for Foreign Trade. He stated that the collaboration between AqlanX, Lakeba, and DoxAI highlights the effectiveness of the NextGen FDI program in fostering strategic partnerships across various sectors. He emphasized the commitment to developing an ecosystem that encourages innovation and cooperation in key areas like artificial intelligence.

Giuseppe Porcelli, Executive Chairman of Lakeba and DoxAI, remarked that the investment represents a commitment to a shared vision. He expressed pride in supporting AqlanX, which he believes is at the forefront of enterprise AI in the Middle East.

Demetrio Russo, Founder and CEO of AqlanX, conveyed that with the backing of Lakeba and DoxAI, AqlanX is poised to deliver top-tier Arabic-first AI, developed specifically for the UAE. He highlighted the goal of creating an innovation hub that aligns with the region’s ambitions and empowers local enterprises to achieve global leadership.

AqlanX is set to leverage the expertise and intellectual property of DoxAI, along with strategic capital from Lakeba Ventures, to establish itself as a leader in the enterprise AI market within the region. The NextGen FDI initiative, launched in 2022, plays a pivotal role in promoting investments in future-focused sectors, reinforcing the UAE’s position as a global innovation hub, and accelerating the diversification of the national economy. AqlanX joins over 100 companies in sectors including renewable energy, advanced manufacturing, and robotics.