Page 338 - MOE ENGLISH PR REPORT - MAY 2025 ( Part 2)

5/22/25, 5:09 PM Lakeba invests $10 million in AqlanX to localise enterprise AI solutions - Wamda
Lakeba invests $10 million in

AqlanX to localise enterprise AI

solutions

News • 12 May, 2025

UAE-based AI company AqlanX has secured a $10 million investment from Lakeba Group via
its AI venture DoxAI, facilitated through the UAE’s NextGen FDI initiative.

Founded in 2025 by Demetrio Russo, AqlanX builds Arabic-first, UAE-made AI technologies
that focus on automating business processes, improving operational efficiency, and

transforming enterprise document management.

The funding will accelerate AqlanX’s mission to localise and scale DoxAI’s enterprise
automation solutions across the Middle East.

Press release:

AqlanX, a UAE-based artificial intelligence company, today announced a $10 million investment from
Lakeba Group through their venture DoxAI, marking a significant milestone in the region’s digital

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