Singapore's Terra Invest Backs Abu Dhabi Agentic AI Firm AIREV in Strategic Round

AIREV co-founder and chief executive Muhammad Khalid and Terra Invest founding partner Krishan Rattan signed the agreement. Dr Thani Al Zeyoudi, the UAE Minister of Foreign Trade, who also chairs AIREV, attended the signing. According to the announcement, reported by Gulf News on November 4, the money will pay for AIREV's expansion and for work on sovereign AI products.

The deal is more than a cheque. AIREV will also put its software to work inside two companies in Terra Invest's portfolio. That gives a young UAE AI developer paying deployments in two regulated sectors, finance and healthcare, where buyers usually want proof that AI agents work before they commit.

The first is Kairos Wealth, a wealth management platform. AIREV's agents are to support trading, portfolio management, financial advice, compliance and regulatory technology there. The second is Shookra, which the companies describe as a physician-led provider of longevity and regenerative medicine. That partnership includes Shookra One, a smart-ring programme built on OnDemand that draws on wearers' biometric data. The two firms also said they would work on cross-border capital flows between international investors and the UAE and wider region.

Khalid said: "We built OnDemand as a sovereign agentic AI operating system that runs wherever our customers need it." AIREV says the platform can run on a device, on a customer's own premises, in sovereign data centres or in the public cloud. That flexibility matters to governments and banks that must keep data within national borders.

Rattan explained the choice of market: "We chose the UAE because this is where the next generation of regulated AI businesses is being built." Al Zeyoudi said the investment reflected the growing confidence of international investors in the UAE.

AIREV was founded in Abu Dhabi in September 2023. It describes OnDemand as a no-code and low-code platform with more than 300 specialised agents in over 50 languages, serving more than four million users. The company said the platform processed 6.8 trillion tokens in the second quarter of 2026, about six times the figure a year earlier. It has not published revenue figures.

This is not AIREV's first foreign backer. In April 2025 it announced an investment from Ireland's Venturewave Capital. The Terra Invest round follows Al Zeyoudi's recent talks in Singapore on expanding trade and investment between the two countries. According to the announcement, the UAE attracted $48.3 billion in foreign direct investment in 2025, ninth in the world.

With no amount disclosed, it is hard to say how much new capital AIREV has raised. The deployments at Kairos Wealth and Shookra will be the clearer test of whether the platform can win work in regulated industries outside the UAE.