Singapore's Terra Invest Backs Abu Dhabi's AIREV in Strategic Sovereign AI Round
A funding round witnessed by the UAE Minister of Foreign Trade carries an Abu Dhabi agentic AI platform into Singapore-linked wealth management and healthcare ventures, extending the emirate's sovereign AI push into two of its most tightly regulated industries.
AIREV, the Abu Dhabi-headquartered agentic artificial intelligence company behind the OnDemand platform, has announced the participation of Terra Invest, a Singapore-based investment firm, in a strategic funding round. The investment will support the company's expansion plans and the development of sovereign AI solutions, while opening new avenues for investment and technology collaboration between the UAE and Singapore. The agreement was signed by Muhammad Khalid, co-founder and chief executive of AIREV, and Krishan Rattan, founding partner of Terra Invest, in the presence of Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, who serves as chairman of AIREV.
Alongside the investment, AIREV and Terra Invest will launch joint initiatives with the investment firm's portfolio companies Kairos Wealth and Shookra, deploying agentic AI capabilities in financial services and healthcare with a strong focus on digital sovereignty, data protection and regulatory compliance. AIREV will integrate its platform into Kairos Wealth, an operating system for wealth management serving family offices and wealth managers, to develop applications across four areas: intelligent trading, portfolio management, financial advisory, and compliance and RegTech. In healthcare, the partnership includes Shookra One, a smart-ring programme powered by OnDemand that draws on biometric data, advanced diagnostics and physician-designed protocols.
Al Zeyoudi said the investment reflects the growing confidence of international investors in the UAE as a global hub for advanced technologies, and offers a model for partnerships that combine capital with innovation. Founded in Abu Dhabi in September 2023 and structured through an Abu Dhabi Global Market holding company, AIREV develops a no-code and low-code sovereign agentic AI operating system that serves more than four million users through over 300 specialised agents in more than 50 languages. The platform processed 6.8 trillion tokens in the second quarter of 2026, roughly a six-fold increase year-on-year, and can be deployed on-device, on-premise, in sovereign data centres or in the cloud. The UAE attracted $48.3 billion of foreign direct investment in 2025, ranking ninth worldwide.
Email Edition
Receive The Emirates Intelligencer by email
Subscribe for the daily AI investment bulletin when the latest issue is published.