Alchemist Doha, the venture capital firm supporting distinctive tech entrepreneurs in Qatar, has announced a significant investment in Datox AI, a UK-based RegTech innovator. The investment underscores Alchemist Doha’s strategy of backing breakthrough technologies that combine regulatory integrity and automation, aiming to drive innovation across the financial sector in the GCC and beyond.
Solving A Core Financial Challenge
Datox AI addresses one of the most significant pain points in global finance: regulatory reporting. Financial institutions face an immense burden from time-consuming, expensive, and complex compliance tasks. Datox AI’s platform is designed to fundamentally change this dynamic by redefining how these institutions manage compliance.
AI-Driven Compliance in Minutes
The company utilizes an advanced AI-driven platform that automates the entire reporting workflow, from data collection and validation to cross-jurisdictional report generation. According to the announcement, Datox AI enables organizations to complete complex compliance tasks in minutes rather than days, potentially cutting related costs by up to 90% while delivering exceptional accuracy.
Leadership and Industry Recognition
Led by founders Farrukh Mukhitdinov (CEO) and Bobur Umurzokov (CTO), Datox AI combines deep expertise in finance, artificial intelligence, and enterprise systems. The company’s technology has already gained traction with major top-tier clients and received significant industry validation, including recognition from the UK Financial Conduct Authority’s Digital Sandbox and a collaboration with the Microsoft AI Cloud.
About Alchemist Doha
Alchemist Doha is a venture capital firm that leverages the global Alchemist network and partners with the Qatar Research, Development and Innovation (QRDI) Council. The fund identifies and invests in promising founders with compelling products and early market traction, aiming to deeply integrate them into Qatar’s local innovation ecosystem and provide a launchpad for global expansion.
Source: Alchemist Doha
