Singapore's Terra Invest Backs Abu Dhabi AI Firm AIREV

Singapore-based investment firm Terra Invest has joined a strategic funding round for Abu Dhabi artificial intelligence (AI) company AIREV, with the two sides also launching joint projects to apply AIREV’s agentic AI in wealth management and healthcare, Fast Company Middle East reported.

AIREV, the company behind the OnDemand agentic AI platform, said the investment will support its expansion and its development of sovereign AI solutions, with an emphasis on data protection, digital sovereignty and regulatory compliance. No financial terms were disclosed, Middle East AI News and Dealroom reported.

Finance and healthcare projects

As part of the deal, AIREV will work with two Terra Invest portfolio companies, Kairos Wealth and Shookra.

In financial services, AIREV will integrate its technology into Kairos Wealth, a wealth management operating system serving family offices and investment managers. The work will cover intelligent trading, portfolio management, financial advisory and regulatory compliance, and aims to support cross-border capital flows into the UAE and the wider region, according to Fast Company Middle East.

In healthcare, AIREV will work with Shookra, a physician-led company focused on longevity, aesthetics and regenerative medicine, on the Shookra One smart-ring programme powered by the OnDemand platform.

Who said what

UAE Minister of Foreign Trade Thani bin Ahmed Al Zeyoudi, who chairs AIREV, said the investment reflects growing international confidence in the UAE’s technology and investment environment.

AIREV co-founder and chief executive Muhammad Khalid said OnDemand was built as a sovereign agentic AI operating system that can run from on-premises infrastructure to national data centres.

“We invest where capital, policy and technology converge,” Terra Invest founding partner Krishan Rattan said, according to the UAE news agency WAM, citing Abu Dhabi as an example.

WAM said the investment follows Al Zeyoudi’s recent talks in Singapore with Deputy Prime Minister Gan Kim Yong and Minister Tan See Leng on expanding bilateral trade and investment.

Platform in numbers

Founded in Abu Dhabi in September 2023, AIREV says OnDemand serves more than four million users through over 300 specialised AI agents in more than 50 languages. The platform processed 6.8 trillion tokens in the second quarter of 2026, about six times the level a year earlier, the company said.

Middle East AI News described the deal as AIREV’s third significant foreign investment. Irish firm Venturewave Capital invested in the company in April 2025, WAM reported at the time.

Figures cited in the announcement put the UAE’s foreign direct investment at US$48.3 billion in 2025, ranking ninth globally, and said the country’s National Strategy for Artificial Intelligence 2031 targets an AI contribution of about US$91 billion to the economy by 2031.

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