Status
ACTIVE
Global HQ
Abu Dhabi, United Arab Emirates
Countries of investment
- United States
- United Kingdom
- France
- Israel
- Singapore
- Japan
- South Korea
- China
- United Arab Emirates
- Saudi Arabia
- Qatar
Investment stages
- Series C
- Growth
Industries
- AI Infrastructure
- Semiconductors
- AI-Enabling Technologies
- Data Centers
- Cloud Computing
- Frontier AI
About
MGX is an Abu Dhabi-based sovereign-backed venture capital firm focused on accelerating the responsible growth of the global AI economy. Their focus spans AI infrastructure, semiconductors, and AI-enabling technologies across United States, United Kingdom, France, Israel, Singapore, Japan, South Korea, China, United Arab Emirates, Saudi Arabia, and Qatar. The firm supports frontier AI founders from Series C through growth stages.
MGX is an Abu Dhabi-based sovereign-backed venture capital firm focused on accelerating the responsible growth of the global AI economy. Their focus spans AI infrastructure, semiconductors, and AI-enabling technologies across United States, United Kingdom, France, Israel, Singapore, Japan, South Korea, China, United Arab Emirates, Saudi Arabia, and Qatar. The firm supports frontier AI founders from Series C through growth stages.
Investment Thesis
MGX is a Series C to growth stage sovereign-backed technology investment firm deploying capital across AI infrastructure, semiconductors, and AI-enabling technologies and platforms sectors. They invest in differentiated and restricted global AI opportunities across the AI technology stack, including foundational model providers, chip manufacturers, data center operators, and cloud infrastructure. The firm differentiates itself as the world's largest dedicated AI investment vehicle with $49B Fund I and a target of $100B AUM, anchored by Abu Dhabi sovereign capital including Mubadala Investment Company and G42 as founding partners.
Manager's Experience
Established in 2024 by the Abu Dhabi Government under authority of the Artificial Intelligence and Advanced Technology Council (AIATC). Led by Ahmed Yahia Al Idrissi (CEO). Chaired by Sheikh Tahnoun bin Zayed Al Nahyan (Chairman, Deputy Ruler of Abu Dhabi) with Khaldoon Al Mubarak (Vice Chairman). Mubadala Investment Company (Abu Dhabi sovereign wealth fund) and G42 (AI and cloud computing leader) serve as founding partners. Fund I closed at $49B in July 2026, exceeding $45B target. Targeting $100B AUM long-term with up to $10B annual deployment. Portfolio includes OpenAI, Anthropic, Binance, xAI, TikTok's American entity, Aligned Data Centres ($40B consortium deal), and Campus AI (Europe's largest AI data center campus near Paris).
Team
Ahmed Yahia Al Idrissi - CEO
Sheikh Tahnoun bin Zayed Al Nahyan - Chairman
Khaldoon Al Mubarak - Vice Chairman
Portfolio
OpenAI
Anthropic
xAI
Binance
Aligned Data Centres
Campus AI
TikTok's American entity
Databricks