# Mubadala Ventures Head Leaves for AI Fund

> Ibrahim Ajami exits Mubadala Capital to launch Noha, a $500m AI fund with UAE backing.
- Title: Mubadala Ventures Head Leaves for AI Fund · Dealroom
- Summary: Ibrahim Ajami exits Mubadala Capital to launch Noha, a $500m AI fund with UAE backing. Ibrahim Ajami, Mubadala Capital's head of ventures, leaves to launch…
- Keywords: mubadala capital, ibrahim ajami, noha fund, ai startups, uae capital, venture capital, space x, waymo, stripe, globalfoundries, crediblex, paymob
- Source: Dealroom — https://dealroom.co/news/167769-mubadalas-head-of-ventures-exits-to-launch-noha-seeded-by-his-former-emp
- Published: 2026-10-28T19:02:11+00:00
- Read time: 1 min
- Topics: mubadala capital, ibrahim ajami, noha fund, ai startups, uae capital, venture capital, space x, waymo, stripe, globalfoundries, crediblex, paymob
## Ibrahim Ajami's Departure
Ibrahim Ajami, head of ventures at Mubadala Capital, is set to leave the firm next year to launch his own fund, Noha.
## Noha Fund Details
Noha targets $500 million with $500 million seed commitment from Mubadala, focusing on 90% early-stage US AI startups.
## Strategic Shift
The move positions Noha as a spinout with institutional backing, linking UAE capital to US AI startups directly.
## Key takeaway

Ibrahim Ajami, Mubadala Capital's head of ventures, leaves to launch Noha, a $500m AI fund targeting early-stage US startups with UAE capital.