MGX is an Emirati state-owned venture capital firm primarily focused on investing in artificial intelligence (AI) technologies. Its strategy targets three key areas: AI infrastructure, semiconductors, and AI core technologies and applications, aiming to identify and invest in high-potential AI startups and established companies globally.
62% of their portfolio is in AI. Deal activity decreased year-over-year (1 deals in the last 12 months vs 4 prior). Their most common stage is growth (100% of deals). Average disclosed round size is $3668.8M (across 8 rounds with reported amounts).
Portfolio
8
Fund Size
$100B
Top Stage
Growth
Last 12 Mo
1
Team
HE
His Excellency Khaldoon Khalifa Al Mubarak
Vice Chairman
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
8 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Databricks | Growth | $1B | Sep 2025 |
 Anthropic | Growth | $2B | Feb 2025 |
 xAI | Series C | $6B | Dec 2024 |
| Databricks | Growth | $10B | Dec 2024 |
 OpenAI | Growth | $6.6B | Oct 2024 |
| Anthropic | Growth | $750M | — |
| MMistral | Growth | $1B | — |
 Binance | Growth | $2B | — |
Top Co-Investors
Andreessen Horowitz3 shared
Thrive Capital3 shared
Fidelity Investments2 shared
Nvidia2 shared
Insight Partners2 shared
WCM Investment Management2 shared
Menlo Ventures1 shared
Bessemer Venture Partners1 shared
General Catalyst1 shared
Sequoia Capital1 shared
Valor Equity Partners1 shared
BlackRock1 shared
Lightspeed Venture Partners1 shared
Qatar Investment Authority1 shared
Vy Capital1 shared
AMD Ventures1 shared
Kingdom Holding1 shared
DST Global1 shared
GIC1 shared
Last updated: 10 April 2026