Page 337 - MOE ENGLISH PR REPORT - MAY 2025 ( Part 2)

5/22/25, 5:08 PM AqlanX Raises $10 Million for Arabic-First Enterprise AI
“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,” said Demetrio Russo, Founder and CEO of

AqlanX. “We are building an innovation hub that reflects the ambitions of this region and
empowers its enterprises to lead globally.”

Supporting the UAE’s Vision for Future Economies

Founded on the intellectual property of DoxAI and backed by Lakeba Ventures’ strategic capital,
AqlanX enters the market with a strong technological foundation and a clear roadmap aligned

with UAE’s innovation and diversification agenda.

The company now joins a growing cohort of over 100 firms brought into the UAE through the
NextGen FDI initiative, which was launched in 2022 to drive investment in sectors such as AI,
robotics, advanced manufacturing, and renewable energy.

By fostering regional innovation and enabling technology transfer, AqlanX is poised to become

a cornerstone of the UAE’s enterprise AI ecosystem, reinforcing its role as a global hub for digital
excellence.

https://thefinanceworld.com/aqlanx-raises-10-million-for-arabic-first-enterprise-ai/ 3/3