Intelligent Tech Channels Issue 88 | Page 63

MARKET MOVEMENT

UAE-based AI company, AqlanX announces US $ 10M investment from Lakeba Group

Intelligence company, announced a US $ 10 million investment from Lakeba Group through their venture DoxAI, marking a significant milestone in the region’ s digital transformation journey. The investment, facilitated through connections fostered by the UAE’ s NextGen FDI initiative, will accelerate AqlanX’ s mission to localise and expand the proven enterprise automation capabilities of DoxAI across the Middle East.

Founded on the vision of building UAE-Made, Arabic-first AI technologies, AqlanX focuses on automating business processes, enhancing operational efficiency, and transforming enterprise document management for large organisations.

The company’ s roadmap is tightly aligned with the UAE’ s innovation and digital economy strategy, positioning the nation as a hub for AI and innovation-driven ventures.

As part of its national capacity-building strategy, AqlanX, DoxAI and Lakeba have also formed a strategic partnership with the University of Wollongong in Dubai, to establish an AI Centre of Excellence. This initiative will cultivate homegrown AI talent, research, and innovation directly in the UAE.

The agreement was signed in the presence of HE Dr. Thani Al Zeyoudi, UAE Minister of State for Foreign Trade, who commented:“ This collaboration between AqlanX, Lakeba, and DoxAI demonstrates the power of the NextGen FDI programme to catalyse strategic, cross-sector partnerships. It underscores our commitment to fostering an ecosystem that nurtures innovation and collaboration in priority sectors like Artificial Intelligence.”

Giuseppe Porcelli, Executive Chairperson of Lakeba and DoxAI, said:“ This investment is more than capital, it’ s a commitment to a shared vision. AqlanX represents the next frontier of enterprise AI in the Middle East, and we are proud to bring our experience, technology, and strategic resources to support its growth.”

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CPX acquires spiderSilk to boost expansion into Saudi Arabia, GCC, US

The acquisition combines CPX’ s trusted end-to-end expertise in threat detection, analysis, and remediation with spiderSilk’ s productled innovation and AI-driven technologies. Together, they aim to offer organisations more intelligent, integrated, and agile solutions to defend against today’ s most complex cyber threats.

This alliance paves the way for expansion into key international markets, including North America, Saudi Arabia, and the GCC, and positions the UAE as a fast-rising hub for world-class cybersecurity innovation.

Since its inception in 2019, spiderSilk has successfully built and commercialised cybersecurity products from the UAE for both regional and global audiences. This includes newly launched product offerings such as autonomous SOC AI agents and the first of its kind cyber intelligence platform using a truly Internet-wide knowledge graph.

The company’ s products are being used by customers in both the public and private sectors across the region. Its robust R & D centre will continue to lead innovation, creating new solutions and keeping the company at the forefront of cyber threat defence.

“ This acquisition marks a new era of growth and innovation,” said Hadi Anwar, CEO of CPX.“ By uniting two of the best cybersecurity innovators from the UAE, we are building a powerhouse in cyber threat detection and response – locally rooted, globally competitive.

Rami El Malak, CEO and Co-Founder of spiderSilk, said“ As the first cyber-AI start-up in the region, we have been dedicated to pushing the boundaries of innovation in cybersecurity for the last six years.” •

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