Polynome Group, a leading technology company based in the UAE, has announced that it has applied to the Dubai Financial Services Authority (DFSA) to launch its AI fund in 2025. This follows the regulators’ review and conditional endorsement of the proposed fund structure and investment strategy.
The fund will invest in startups in technology, AI software applications, and robotics, with the mutual goal of expanding the adoption of AI and digital technologies.
The fund will invest in seed, Series A, and growth-stage start-ups with an initial investment of $500,000 to $5 million per company.
The announcement was made during the AI retreat at the Dubai Centre for AI Applications, which was organised in collaboration with the National Programme for Artificial Intelligence. This event is the largest of its kind and aims to accelerate the adoption and use of AI applications. It is attended by 1,000 decision-makers, experts, and government and private sector officials.
In addition to the fund, Polynome VC will offer investment advisory services, including fundraising strategy, M&A advisory, investment research, and strategic advisory for portfolio companies.
Polynome Group has secured in-principle approval from the Dubai International Financial Centre (DIFC) and Dubai Financial Services Authority (DFSA) to launch its AI fund in 2025. This follows the regulators’ review and conditional endorsement of the proposed fund structure and investment strategy. The fund has a unique “Founders for Founders” concept, as the Polynome team are entrepreneurs with successful experience creating and exiting AI start-ups.
“Our mission is to increase the technology contribution to the UAE’s GDP, build a national tech hub and community, attract top international talent, and make the UAE a leader in AI research and innovation,” said Alexander Khanin, CEO and founder of the Polynome Group.
With the UAE’s growing venture ecosystem, favourable business policies, and the relocation of top tech talent due to the global situation, Polynome VC is well-positioned to catalyse the next wave of innovation from Dubai.
“We aim to create and strengthen links with the scientific community and prominent entrepreneurs and invest in AI products that will become integral to people’s everyday lives,” added Alexander Khanin.
Polynome Group is renowned for organizing the largest professional AI summit in the Middle East, Machines Can See, and for developing fundamental models and applied AI products.
