MGX
Category: AI Infrastructure
MGX is a leading AI and advanced technology investor focused on enabling the AI fabric of the global economy through strategic investments in AI infrastructure, semiconductors, and AI-enabled technologies MGX was founded in 2024. The company is led by Ahmed Yahia Al Idrissi. Based in Abu Dhabi, United Arab Emirates. Team size: 50-100. Total funding raised: Not disclosed (sovereign-backed investment fund; AUM target is not funding raised). Latest round: Exploring $50 billion capital raise from third-party investors (2025). Key investors include Government of Abu Dhabi, Mubadala Investment Company, G42, Lunate (potential $1B commitment).
- Founded
- 2024
- Headquarters
- Abu Dhabi, United Arab Emirates
- Team size
- 50-100
- Total funding
- Not disclosed (sovereign-backed investment fund; AUM target is not funding raised)
Value proposition
Leveraging Abu Dhabi's sovereign wealth and global partnerships to provide end-to-end AI ecosystem development through infrastructure investments, semiconductor innovation, and AI application deployment
Products and solutions
AI infrastructure (data centers, cloud computing), Semiconductor design and manufacturing, AI core technologies (models, software, robotics), Energy infrastructure for AI facilities, Private equity investments in AI companies
Unique value
First AI-focused investment vehicle backed by Abu Dhabi's sovereign wealth with explicit focus on infrastructure development rather than just software applications, targeting $100B AUM
Target customer
AI companies, semiconductor manufacturers, data center operators, and organizations requiring AI infrastructure
Industries served
Technology, Healthcare, Financial Services, Energy, Advanced Manufacturing, Semiconductors, Data Centers
Technology advantage
Exclusive access to Microsoft's Azure AI platforms and NVIDIA's computing architecture through strategic partnerships, combined with BlackRock's infrastructure investment expertise and direct government backing
How they differentiate
MGX differentiates through state-backed funding ($100B target AUM), focus on the entire AI value chain including semiconductor infrastructure, and strategic partnerships with entities like Mubadala, G42, and global tech giants
Main competitors
SoftBank Vision Fund, Oracle, C3 AI, Predibase, Baseten Technologies
Key partnerships
Microsoft (Azure AI infrastructure), BlackRock (Global Infrastructure Partners), NVIDIA (AI computing architecture), G42 (AI research collaboration), OpenAI (AI model development), Aligned Data Centers (AIP/GIP consortium acquisition announced 2025, closing H1 2026), Kuwait Investment Authority (2025 partnership expansion), Silver Lake (Altera acquisition), Anthropic (co-led $30B Series G, Feb 2026), xAI (participated in $20B Series E), Databricks (participated in Series L), TikTok USDS Joint Venture (15% stake, closed Jan 2026)
Notable customers
OpenAI, Anthropic, xAI, Databricks, Aligned Data Centers, Vantage Data Centers, TikTok USDS, Binance
Major milestones
Launched in 2024 as Abu Dhabi's state-backed AI investment firm, Joined AI Infrastructure Partnership with BlackRock, Microsoft, and NVIDIA (2025), Acquired Aligned Data Centers for ~$40B (2025, closing H1 2026), Participated in $6.6B OpenAI share sale (2025), Committed $7B to Stargate Project with OpenAI, SoftBank, and Oracle (2025), Exploring up to $50B capital raise (2025), Co-led Anthropic's $30B Series G at $380B valuation (Feb 2026), Participated in xAI's $20B Series E (2025/2026), Participated in Databricks' Series L (2025/2026), Took 15% stake in TikTok USDS Joint Venture (Jan 2026), First board meeting of 2026 reviewed $10B+ annual investment plan (Feb 2026)
Growth metrics
Major investments include $40B Aligned Data Centers acquisition (closing H1 2026), $6.6B OpenAI share sale participation, $7B Stargate Project commitment, co-led Anthropic $30B Series G (Feb 2026), participated in xAI $20B Series E and Databricks Series L, 15% stake in TikTok USDS Joint Venture (Jan 2026), and targeting $10B annual AI investment pace
Market positioning
Positioned as a regional leader in AI investment, scaling advanced technologies globally with focus on infrastructure and strategic ecosystem partnerships
Geographic focus
Primarily Abu Dhabi/UAE with international expansion through partnerships in the U.S., Europe, and global AI/hyperscaler collaborations
Patents and IP
No publicly disclosed patents as an investment firm, but portfolio companies include semiconductor innovators with extensive IP portfolios
About Ahmed Yahia Al Idrissi
30+ years of operational and investment experience. Former Partner at McKinsey & Company, Managing Partner of Abu Dhabi practice. Former CEO of Mubadala's Direct Investments platform. Currently serves as Vice Chairman of the AI Infrastructure Partnership (AIP) in the USA.
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Official website: https://www.mgx.ae/en
