Dubai, UAE – Black Pearl Capital (BPC), a leading investment firm specialising in data infrastructure and sovereign cloud computing, has issued a Letter of Intent (LOI) committing $75 million to Nexus Ignite, a GPU-as-a-service provider focused on delivering high-performance AI compute solutions in the GCC region.
This strategic commitment underscores BPC’s belief in the transformational potential of AI infrastructure and the importance of sovereign cloud computing solutions in shaping the future of digital economies.
“Artificial intelligence is driving an unprecedented demand for computational power, and the Middle East is poised to become a major player in this evolving landscape. Our commitment to Nexus Ignite reflects our conviction that sovereign AI infrastructure will be a defining pillar of digital economies. We see this as a strategic investment in the region’s future, ensuring that AI innovation is built on a foundation of sustainable, scalable, and regionally controlled compute power.” – Reza Irani-Kermani, CEO, Black Pearl Capital
Powering the Future of AI Compute
With AI adoption accelerating across industries, access to scalable, enterprise-grade GPU compute is becoming a critical enabler of innovation. Nexus Ignite’s vision to deliver AI cloud services at scale aligns with BPC’s investment thesis of supporting the next generation of digital infrastructure.
BPC’s $75 million commitment is a testament to our confidence in Nexus Ignite’s potential to play a key role in this rapidly growing sector. This investment will help drive:
Expansion of AI-focused GPU cloud infrastructure in the GCC.
Deployment of scalable, high-performance compute clusters to meet enterprise AI demand.
Strategic alignment with global hyperscalers and industry leaders to accelerate AI adoption.
Advancement of sovereign AI infrastructure that ensures national control over AI capabilities.
A Disciplined, High-Conviction Investment Approach
BPC remains committed to investing in high-impact digital infrastructure projects that align with long-term commercial viability and regional economic priorities. Our structured investment approach ensures that our commitments are strategic, performance-driven, and designed for sustainable growth.
As AI continues to reshape industries, BPC will remain at the forefront of sovereign cloud and high-performance computing investments, leveraging our expertise in infrastructure finance and data center operations to back next-generation computing platforms.