Presight is running another round of its AI Accelerator after the first batch apparently crushed it with 10 startups hitting a combined $300 million valuation and landing deals with G42 companies, plus UAE government entities. CEO Thomas Pramotedham says most early-stage AI ventures tank because they lack infrastructure access and growth capital, which is what this program tries to fix by hooking startups up with compute resources, enterprise connections, and potential funding from the Presight-Shorooq Fund.
Applications close at the end of January, and they'll pick finalists after screening 30 applicants through pitch day. The second cohort gets six months of acceleration with mentorship from Presight, G42, MBZUAI, and Microsoft, plus exposure at major industry events and 12 months of post-program support for scaling. Partners backing the thing are Microsoft, Hub71, Astana Hub, Shorooq Partners, and Dubai World Trade Centre, among others.
The first group generated over 70 commercial leads within two months, and several startups like Vulcan, AlphaGeo, and Waverity locked down partnerships with AstraTech, Space42, and AIQ. Advisory Board chair His Excellency Mansoor Al Mansoori is leading the initiative alongside Jack Selby from Thiel Capital and MX Kuok from K3 Ventures.
Applications close at the end of January, and they'll pick finalists after screening 30 applicants through pitch day. The second cohort gets six months of acceleration with mentorship from Presight, G42, MBZUAI, and Microsoft, plus exposure at major industry events and 12 months of post-program support for scaling. Partners backing the thing are Microsoft, Hub71, Astana Hub, Shorooq Partners, and Dubai World Trade Centre, among others.
The first group generated over 70 commercial leads within two months, and several startups like Vulcan, AlphaGeo, and Waverity locked down partnerships with AstraTech, Space42, and AIQ. Advisory Board chair His Excellency Mansoor Al Mansoori is leading the initiative alongside Jack Selby from Thiel Capital and MX Kuok from K3 Ventures.
