Dubai - Sharikat Mubasher: AqlanX, a UAE-based artificial intelligence company, secured a $10 million investment from Lakeba Group through their venture DoxAI, to launch Arabic-first enterprise AI in the Middle East.
This investment will accelerate AqlanX’s mission to localize and expand the proven enterprise automation capabilities of DoxAI across the region, the company announced in a press release yesterday.
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.
Demetrio Russo, Founder and CEO of AqlanX, stated that the partnership with Lakeba and DoxAI will enable the company 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,” he said.
For his part, 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.”
The agreement was signed in the presence of 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.”
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.