MGX
MGX was set up by Abu Dhabi in 2024, with Mubadala and G42 as founding partners, to invest in AI and advanced technology. It has invested in OpenAI, xAI's Series C and Series E, Anthropic's Series G, Databricks and Isomorphic Labs, and is a partner in large AI infrastructure deals such as the acquisition of Aligned Data Centers.
Investing activity
MGX appears in 6 AI deals tracked by the AI Lounge deals desk, rounds totalling $185B. The rounds are mostly Growth, Series B and Series G, with a median round size of $20B and the largest at $122B. The most recent are Databricks (Growth, $5B, Aug 2026), Isomorphic Labs (Series B, $2.1B, May 2026) and OpenAI (Growth, $122B, Feb 2026).
MGX most often invests alongside Nvidia, Coatue, T. Rowe Price and Blackstone, and the companies it backs on AI Lounge are mostly in Foundation models, Data & AI platform and AI drug discovery.
Deals
Frequently asked questions about MGX
What AI companies has MGX invested in?
MGX's AI investments include Databricks, Isomorphic Labs, OpenAI, Anthropic and xAI. The 6 rounds on AI Lounge are listed on this page with amounts, dates and co-investors.
Where is MGX based?
MGX is based in Abu Dhabi, UAE.
What stage does MGX invest at?
In the rounds tracked on AI Lounge, MGX has invested at Growth, Series B, Series G and Series E, with a median round of $20B.
Who does MGX co-invest with?
MGX's most frequent co-investors on AI Lounge are Nvidia (4 deals), Coatue (2 deals), T. Rowe Price (2 deals), Blackstone (2 deals) and Appaloosa Management (2 deals).
How can founders reach MGX?
Founders on AI Lounge can see MGX's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add MGX to their Investor Pipeline to track the conversation.