Presight has announced the selection of 10 startups that will participate in its AI-Startup Accelerator, which aims to accelerate the growth of AI startups in various sectors. This initiative was launched after a thorough evaluation process that received 120 applications from AI startups across 17 countries, focusing on areas like Smart Cities, Fintech, Energy, AI Governance, and Sovereign AI.

The final pitch days took place on June 2-3, where 15 global finalists presented their ideas in Abu Dhabi and through virtual platforms. Collectively, these finalists had raised over US$150 million, supported by prominent global accelerators such as Microsoft, Google, Alchemist, and Techstars, highlighting the high quality of candidates in the selection process.

Thomas Pramotedham, Chief Executive Officer of Presight, emphasized that the accelerator serves as a strategic growth engine for both the startups and Presight. He stated, “We launched this initiative to identify and scale the most promising AI innovations globally, integrate them into our ecosystem, and drive transformative impact across industries.”

The selected startups include notable names such as Derq, which provides AI-powered intelligent transportation systems, and Resync, offering energy efficiency solutions for buildings. Other participants range from Zypl.ai, focusing on financial services, to AJARI.ai, which specializes in AI-driven education. The accelerator program will also provide these startups with technical mentoring and opportunities for market access, preparing them for potential venture capital funding during a demo day.