MGX
Bengaluru, Karnataka, India · Investment Management · 120 employees
MGX is a state-owned investment firm established in 2024 by the government of Abu Dhabi, UAE. It focuses on artificial intelligence (AI) and advanced technologies, aiming to drive innovation and economic growth both regionally and globally. Backed by Mubadala and G42, MGX manages assets worth up to US$100 billion, positioning itself as a leading AI-focused investment entity. The firm specializes
Funding history
- Funding Round — $25.0B — Aug 2025
Recent signals
- Jul 02, 2026: MGX raises $49 billion for its Fund I to expand AI investment portfolio with global partnerships.
- Jun 19, 2026: Acquired MGX considers acquiring DayOne for Asia growth
- Sep 16, 2025: Acquired MGX joins buyout of Altera from Intel
- Aug 06, 2025: Raised $25.0B in Funding Round
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