UAE based AqlanX, an artificial intelligence company, has raised $10 million investment from Lakeba Group through their venture DoxAI. The investment was facilitated through connections fostered by the UAE’s NextGen FDI initiative, to accelerate AqlanX’s mission to localize 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 organizations.

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 (UOWD) to establish an AI Centre of Excellence. This initiative will cultivate homegrown AI talent, research, and innovation directly in the UAE.

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, commented that, “This collaboration between AqlanX, Lakeba, and DoxAI demonstrates the power of the NextGen FDI program 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.”

“This investment is more than capital, it’s a commitment to a shared vision. The UAE AI firm 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,” said Giuseppe Porcelli, Executive Chairman of Lakeba and DoxAI.

Demetrio Russo, Founder and CEO of AqlanX, noted that, “With Lakeba and DoxAI behind us, AqlanX is equipped to deliver Arabic-first AI that is not only world-class, but also born in, and for, the UAE. We are building an innovation hub that reflects the ambitions of this region and empowers its enterprises to lead globally.”