Abu Dhabi-based Esyasoft surpassed a $1 billion valuation, highlighting the country’s growing role as a global hub for energy innovation and advanced technology.
Abu Dhabi-headquartered Esyasoft, a subsidiary of International Holding Company (IHC), has been recognised by the World Economic Forum (WEF) as the third company in the UAE to achieve unicorn status, surpassing a valuation of $1 billion.
The announcement was made during the World Economic Forum Annual Meeting 2026 in Davos, underscoring the UAE’s growing profile as a global hub for advanced technology, energy innovation and high-growth enterprises.
Esyasoft’s recognition places it among a small group of UAE-founded companies to reach unicorn status and reflects increasing international confidence in the country’s innovation ecosystem and its ability to scale globally competitive technology firms.
The company operates as a global energy transition and intelligent infrastructure provider, delivering solutions to utilities, governments and enterprises. Its offerings span smart utility systems, advanced software analytics and artificial intelligence,energy-as-a-service models, e-mobility solutions and grid-scale battery energy storage.
Commenting on the milestone, Syed Basar Shueb, Chief Executive Officer and Managing Director of International Holding Company, said Esyasoft’s growth demonstrated how UAE-based companies can expand internationally while addressing critical global challenges.
“Esyasoft’s emergence as a unicorn reflects the strength of the UAE’s innovation ecosystem and our shared commitment to building global champions from the region,” Shueb said.
Bipin Chandra, Group Chief Executive Officer and Founder of Esyasoft, said the company’s model is built on long-term partnerships and shared value creation.
“We don’t just deliver projects; we invest directly in the solutions we bring to our customers,” Chandra said. “Our goal is to create lasting economic and financial value while enabling meaningful outcomes for our clients.”
Esyasoft operates across more than 12 countries and serves over 200 million end consumers worldwide, supporting national-scale infrastructure programmes. The company has set a long-term mission to positively impact one billion lives while enabling the reduction of ten billion tonnes of carbon emissions globally.
The WEF recognition reflects Esyasoft’s sustained performance and unique business model, as well as its inclusion in WEF Innovator Communities and its membership of the WEF Centre for Energy and Materials.
The unicorn announcement coincides with Esyasoft’s participation at the WEF Annual Meeting 2026, where it is convening senior global leaders for a closed, invitation-only roundtable titled “The Future of Power: Building a Smarter, Resilient and More Flexible Energy Infrastructure.”
The executive discussion brings together policymakers, utility executives, investors and technology leaders to examine how power systems must evolve to meet rising demand, integrate renewables and strengthen resilience, positioning the UAE-founded company at the centre of global dialogue on the future of energy infrastructure.
Source: utilities
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