AqlanX Secures $10 Million Investment
AqlanX, a Dubai, UAE-based AI-driven enterprise solutions company, has secured a $10 million investment.
The round was led by Lakeba Group, through its AI venture DoxAI.
Lakeba is a Sydney-based global venture studio founded in 2013. The company specializes in conceiving, creating, and commercializing digital businesses, particularly in FinTech, PropTech, artificial intelligence, cybersecurity, and SaaS sectors. Headquartered in Sydney, Lakeba has a global presence, with offices in India, Italy, the UK, and the US.
The company will use the funds to accelerate its mission to localize and expand the proven enterprise automation capabilities of DoxAI across the Middle East.
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.
Founded in 2025 by Demetrio Russo, AqlanX is an AI company dedicated to building Arabic-first, UAE-made AI technologies focused on automating business processes, improving operational efficiency, and transforming enterprise document management. Its mission is to empower enterprises by creating seamless, high-performance AI solutions that streamline operations, reduce costs, and drive growth. Based in the UAE, AqlanX is committed to advancing the region’s digital transformation through innovative, scalable AI platforms tailored specifically to the needs of enterprises.
Funding Details
Company: AqlanX
Raised: $10.0M
Round: Strategic Investment
Funding Date: May 2025
Lead Investor: Lakeba Group
Additional Investors:
Company Website: Unavailable
Software Category: Enterprise AI / Automation