The funding will accelerate deployment of secure, real-world AI
solutions for government and enterprise customers worldwide.
Dubai,
UAE – June 16, 2026 — CNTXT AI, a UAE-based data and AI company that enables companies
and institutions to develop AI solutions while maintaining full sovereignty
over their data, announced the successful closing of a $60 million Series A funding round.
The
round was co-led by two of the region’s most active AI investors: AI71,
Abu Dhabi's applied AI company focused on sovereign, domain‑specialized
AI, and BlueFive Capital, a global asset manager originating out of the
GCC. The funding will support continued product development, expansion into new
markets, and global deployment of secure AI infrastructure for enterprise and
public-sector environments.
CNTXT
AI was founded by Mohammad Abu Sheikh, a tech entrepreneur with a track record
of successful exits and deep experience across AI infrastructure, applied AI
platforms, and ecosystem development. Abu Sheikh's previous venture LocAI was
successfully acquired by AI71, who now returns as co-lead investor in this
round. He is also the founder of SMPL AI, a $25 million fund supporting
early-stage AI startups, reinforcing his role in building a global AI ecosystem
focused on real-world impact.
The
company works with global technology leaders including Oracle, NVIDIA, and AWS,
and has supported several major global AI developers on large language model
initiatives, deploying enterprise and government AI projects across multiple
markets. Its proprietary products include Munsit, the most accurate Arabic
voice AI, which has processed over one million minutes of speech and serves
more than 250 enterprises and 150,000 users.
Mohammad Abu Sheikh, Founder and CEO of CNTXT AI:
“The
era of AI experimentation is over; the era of execution has begun. This funding
strengthens our ability to build the sovereign infrastructure and talent needed
to deploy AI at scale. Our focus has always been on making AI work in the real
world, under the most demanding conditions."
Reda Nidhakou, member of AI71 board of Directors, and CEO of
VentureOne:
“CNTXT
AI capabilities and speed of execution stand out in this fast moving AI world.
An impressive venture born in the UAE but addressing global AI deployment
needs. This investment strengthens our ability to build the environment needed
to deploy AI at scale and to address our clients data sovereignty
requirements."
Hazem Ben-Gacem, Founder and CEO of BlueFive Capital:
"We
backed CNTXT AI because they are building exactly the kind of technology-driven
platform the region needs, one that turns raw data into real AI outcomes. This
is the type of globally competitive business we want to build alongside."
About CNTXT AI
CNTXT AI is a UAE-based Data and AI company
that enables organizations to prepare, build, deploy, and scale sovereign AI
solutions while maintaining complete data control. Its services include
high-quality training data through labeling and annotation for AI labs,
enterprise data teams, and robotics applications, combining automation with
human expertise. It also develops custom AI solutions that integrate with
existing infrastructure while keeping data fully sovereign. Its proprietary
products include Munsit, the most accurate Arabic voice AI, and TestAI, a suite
for assessing AI performance and reliability before rollout.
From raw data to production-ready AI, CNTXT AI
is the single partner that helps organizations adopt AI faster — without
compromising compliance, sovereignty, or real-world performance.
For more information, visit
https://www.cntxt.tech/
About AI71
AI71 empowers enterprises and governments to
make AI work for them. We develop secure, adaptable AI products that go beyond
generating outputs to executing tasks and solving critical challenges, driving
lasting organizational change. Designed for the real world, our products are
built for seamless human–machine collaboration and adapt to each use case. From
frontline service delivery to strategic decision-making, we enable intelligent
workers that help organizations move faster and unlock a new wave of AI-driven
productivity.
About BlueFive Capital
BlueFive Capital is one of the world’s fastest
growing asset managers[1] that today has $7.4 billion in AUM
and targets opportunities in high-potential economies with the goal of
transforming traditional financial models and fostering sustainable growth.
Incorporated in the Abu Dhabi Global Market and with offices in London, Manama,
Abu Dhabi, Dubai, Muscat and Beijing, the firm offers private equity, real
estate, infrastructure and financial products to private wealth, institutional
and retail clients.
BlueFive Capital was founded in late 2024 and is led by Hazem Ben-Gacem, one of
the longest tenured professionals in the global private equity landscape. For
more information, please visit www.bluefivecapital.com
[1] Based on AUM since inception