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The Venture Codex

Strategic Development Fund

19th Floor, Al Sarab Tower ADGM, Al Maryah Island, Abu Dhabi, Northern Emirates, 6070, United Arab Emirates

Overview

Strategic Development Fund focuses on financial return and economic impact within UAE’s strategic sectors, through equity investment in local and international partnerships and developmental funding towards UAE’s private sector.

Total investments
8
Lead investments
1
Investments · 12mo
3
Active investors
2

Sector focus

  • Information Technology
  • Robotics
  • Venture Capital
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Investment portfolio

  • HawkEye 360

    Participated · Series E · Mar 2026

    HawkEye 360 operates a constellation of satellites that detect, geolocate, and characterize radio-frequency (RF) emissions around the globe. Its proprietary signal processing and AI-driven analytics platform converts raw RF spectrum data into actionable intelligence for government and allied defense agencies. The company positions its offering as mission-critical for domain awareness and early-warning needs, enabling faster and better decision-making. HawkEye 360 is currently integrating Innovative Signal Analysis (ISA) to deepen its analytic capabilities and expand its product suite. Proceeds from recent fundraising are earmarked to strengthen the balance sheet and support this integration, as well as to continue investing in platform enhancements. Headquartered in Herndon, Virginia, the firm markets itself as a trusted partner proven by operational mission success.

  • Machina Labs

    Participated · Series C · Feb 2026

    Machina Labs is an advanced manufacturing and robotics company headquartered in Los Angeles, CA. The firm deploys artificial intelligence, machine learning and proprietary RoboForming technology to transform digital designs directly into aerospace- and defense-grade metal structures. Its flagship platform, RoboCraftsman, equips intelligent factories to rapidly form and assemble parts at production scale, offering a software-defined alternative to traditional metal fabrication. Current customers include the U.S. Department of War, several defense primes, and leading mobility manufacturers. By integrating robotics with adaptive software, Machina Labs aims to shorten production cycles and lower the costs of high-performance metal parts. The newly secured capital will fund expanded operations and continued product development, positioning the company to grow its footprint across defense and commercial sectors.

  • Tomorrow.io

    Participated · Series E · Sep 2023

    Tomorrow.io positions itself as the world's leading Resilience Platform, combining a proprietary satellite constellation with a generative AI–integrated forecasting engine to deliver weather intelligence. The company says it operates a fully operational proprietary satellite constellation and leverages next-generation space technology, advanced AI, and proprietary weather modeling. Tomorrow.io is deploying DeepSky, described as the world's first AI-native weather satellite constellation, and aims to expand its space-based observation network. Its platform is used to provide real-time, actionable resilience intelligence and is trusted by six of the top ten Fortune 500 companies. The company has been recognized as a TIME 100 Most Influential Company and a Fast Company Most Innovative Company. The recent expansion of its Series F to $210 million is intended to accelerate its AI capabilities and further develop its agentic platform.

  • Ramon.Space

    Participated · Equity · Jun 2023

    Ramon.Space builds software-based computing systems for space that enable data to be processed, stored or moved to Earth or between spacecraft, with products for processing, storage and communication. The company focuses on radiation-hardened designs that aim to deliver higher computation while keeping power requirements low. Its technology has flown on about 50 space missions and is used on “a few hundred” satellites. Ramon.Space says the new capital will help scale its advanced computing products and organizational capacity to meet growing demand from satellite manufacturers, operators and service providers. Earlier this month it announced a manufacturing agreement with Ingrasys to establish what the two companies call the industry’s first high-volume space computing products production line. The company has offices in California and Israel and is nine years old. Ramon.Space develops space super-computing systems and a computing and storage platform for space applications. Led by CEO Avi Shabtai, the company leverages Manycore ML/AI/DSP processing technology to power next-generation earth observation, communications and data processing applications. Its systems enable space applications to be developed, updated and adapted in real time, creating new possibilities for satellite payloads and deep space missions. The company’s technology is already deployed in space and used in many satellites and more than 50 space missions across the solar system with zero failures. Ramon.Space will use the new capital to continue development of its computing solutions, support its expanding US and Israel operations, and expand its team globally. The firm operates out of Palo Alto and Yokneam, Israel.

  • EdgeQ

    Participated · Equity · Apr 2023

    EdgeQ develops a "Base Station-on-a-Chip" that converges 4G and 5G with on‑chip AI and provides a production-grade PHY for O-RAN Distributed Units and small cells. Its massively integrated 4G+5G+AI chip leverages RISC-V and ARM architectures to compress a rack of base station equipment into a small, power-efficient package. The platform is multi-mode and software-upgradeable, intended to enable wholesale upgrades without ripping and replacing existing network configurations and to reduce vendor lock-in. EdgeQ states the solution is available now and that customer deployments are expected this year. The company plans to use the new funding to ramp production to meet customer demand and to develop its next-generation chip. EdgeQ is headquartered in Santa Clara, CA, with offices in San Diego and Bangalore and is led by executives from Qualcomm, Intel, and Broadcom. EdgeQ is building a systems‑on‑a‑chip that integrates 5G connectivity and on‑board AI while operating within a tight power envelope and remaining reprogrammable. The product is still under development and the company has not disclosed full technical details. Founding CEO Vinay Ravuri and other senior engineers previously worked at Qualcomm, Intel and Broadcom. EdgeQ envisions applications such as security cameras, drones, and robotic machinery that need synchronized wireless communication, local compute, and precise location. The company has offices in Santa Clara, San Diego and Bangalore, India. To date EdgeQ has raised $51 million across a seed and Series A to fund continued product development and commercialization efforts.

Team

  • Abdulla Naser Al Jaabari

  • Hamad Al Marar