# MGX: investor

Canonical ID: `19ced299-627b-4ee8-88e7-1c4cb861ef98`

MGX is an Abu Dhabi-based investment firm focused on AI infrastructure and advanced technology investments. A founding equity partner in the Stargate joint venture.

- **Type:** Sovereign wealth

## Portfolio (2)

- [xAI](https://registry.deploy.report/companies/xai.md) Series C · 2024-12-23 · $6.0B
- [OpenAI](https://registry.deploy.report/companies/openai.md) Oct 2024 round · 2024-10-02 · $6.6B

## Invests alongside (15)

Other investors that participated in the same funding rounds as MGX.

- [Nvidia](https://registry.deploy.report/investors/nvidia.md) · 2 shared rounds: [xAI Series C](https://registry.deploy.report/companies/xai.md#funding-rounds), [OpenAI Oct 2024 round](https://registry.deploy.report/companies/openai.md#funding-rounds)
- [Altimeter Capital](https://registry.deploy.report/investors/altimeter-capital.md) · 1 shared round: [OpenAI Oct 2024 round](https://registry.deploy.report/companies/openai.md#funding-rounds)
- [AMD](https://registry.deploy.report/investors/amd.md) · 1 shared round: [xAI Series C](https://registry.deploy.report/companies/xai.md#funding-rounds)
- [Andreessen Horowitz (a16z)](https://registry.deploy.report/investors/a16z.md) · 1 shared round: [xAI Series C](https://registry.deploy.report/companies/xai.md#funding-rounds)
- [Fidelity Investments](https://registry.deploy.report/investors/fidelity-investments.md) · 1 shared round: [OpenAI Oct 2024 round](https://registry.deploy.report/companies/openai.md#funding-rounds)
- [Fidelity Management & Research Company](https://registry.deploy.report/investors/fidelity-management-research-company.md) · 1 shared round: [xAI Series C](https://registry.deploy.report/companies/xai.md#funding-rounds)
- [Khosla Ventures](https://registry.deploy.report/investors/khosla-ventures.md) · 1 shared round: [OpenAI Oct 2024 round](https://registry.deploy.report/companies/openai.md#funding-rounds)
- [Kingdom Holding Company](https://registry.deploy.report/investors/kingdom-holding-company.md) · 1 shared round: [xAI Series C](https://registry.deploy.report/companies/xai.md#funding-rounds)
- [Microsoft (strategic)](https://registry.deploy.report/investors/microsoft-strategic.md) · 1 shared round: [OpenAI Oct 2024 round](https://registry.deploy.report/companies/openai.md#funding-rounds)
- [Qatar Investment Authority (QIA)](https://registry.deploy.report/investors/qatar-investment-authority.md) · 1 shared round: [xAI Series C](https://registry.deploy.report/companies/xai.md#funding-rounds)
- [Sequoia Capital](https://registry.deploy.report/investors/sequoia-capital.md) · 1 shared round: [xAI Series C](https://registry.deploy.report/companies/xai.md#funding-rounds)
- [SoftBank](https://registry.deploy.report/investors/softbank-group.md) · 1 shared round: [OpenAI Oct 2024 round](https://registry.deploy.report/companies/openai.md#funding-rounds)
- [Thrive Capital](https://registry.deploy.report/investors/thrive-capital.md) · 1 shared round: [OpenAI Oct 2024 round](https://registry.deploy.report/companies/openai.md#funding-rounds)
- [Valor Equity Partners](https://registry.deploy.report/investors/valor-equity-partners.md) · 1 shared round: [xAI Series C](https://registry.deploy.report/companies/xai.md#funding-rounds)
- [Vy Capital](https://registry.deploy.report/investors/vy-capital.md) · 1 shared round: [xAI Series C](https://registry.deploy.report/companies/xai.md#funding-rounds)

## Sources (3)

1. https://x.ai/news/series-c · 2024-12-23
2. https://openai.com/index/scale-the-benefits-of-ai/ · 2024-10-02
3. https://www.cnbc.com/2024/10/02/openai-raises-at-157-billion-valuation-microsoft-nvidia-join-round.html · 2024-10-02


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