Abu Dhabi: Abu Dhabi–headquartered Esyasoft, a subsidiary of International Holding Company (IHC), has been officially recognised by the World Economic Forum (WEF) as the third unicorn company from the United Arab Emirates, marking a major milestone for the nation’s fast-growing innovation ecosystem.

The announcement was made during the World Economic Forum Annual Meeting 2026 at Davos, placing Esyasoft among a select group of UAE-based enterprises to surpass a valuation of USD 1 billion. The recognition underscores the UAE’s emergence as a global hub for advanced technology, digital transformation, and energy innovation.

A milestone beyond valuation

Esyasoft’s elevation to unicorn status represents more than a financial benchmark. It reflects international recognition of the UAE’s ability to nurture globally competitive companies that address complex, large-scale challenges. The company has positioned itself at the forefront of critical infrastructure modernisation and the global energy transition, aligning closely with national ambitions around sustainability, innovation, and digital leadership.

By achieving unicorn status under the WEF’s global lens, Esyasoft joins an elite category of high-growth enterprises acknowledged for their disruptive potential, scalable business models, and long-term global vision.

Leadership perspectives on the recognition

Commenting on the achievement, Syed Basar Shueb, CEO and Managing Director of International Holding Company, said the recognition highlighted the strength of the UAE’s innovation ecosystem. He noted that Esyasoft’s journey demonstrates how UAE-founded companies can scale internationally while delivering solutions to some of the world’s most pressing challenges.

“Esyasoft’s emergence as a unicorn is a powerful example of how companies from the UAE can create long-term global impact. At IHC, we invest in platforms with ambition, leadership, and the capability to become global champions. This milestone reflects our shared commitment to innovation, sustainability, and value creation,” he said.

Bipin Chandra, Group Chief Executive Officer and Founder of Esyasoft, described the recognition as a validation of the company’s partnership-driven approach. He emphasised that Esyasoft does not merely deliver projects, but invests deeply in the solutions it deploys.

“Our focus has always been on building long-term partnerships and creating measurable value for our customers. While financial success follows, the real impact lies in what we enable for utilities, governments, and communities worldwide,” he said.

Driving the global energy transition

Esyasoft is a global energy transition company delivering intelligent infrastructure solutions to utilities, governments, and enterprises. Its portfolio spans smart utility solutions, advanced software analytics and artificial intelligence, energy-as-a-service models, e-mobility solutions, and grid-scale battery energy storage systems.

Operating across more than 12 countries and serving over 200 million end consumers, the company supports national-scale programmes focused on reliable, affordable, and sustainable energy. Esyasoft has articulated an ambitious long-term mission: to positively impact one billion lives while enabling the reduction of ten billion tonnes of carbon emissions globally.

Its growth has been driven by the successful deployment of solutions at scale across diverse markets, reinforcing its reputation as a trusted partner in large-scale energy and infrastructure transformation.

Recognition within the WEF ecosystem

The unicorn recognition also reflects Esyasoft’s sustained engagement within the WEF ecosystem. The company is part of WEF Innovator Communities and a member of the WEF Centre for Energy and Materials, highlighting its role in shaping global conversations around the future of energy systems.

Coinciding with the announcement, Esyasoft played an active role at the WEF Annual Meeting 2026 by convening senior global leaders for a closed-door executive roundtable titled “The Future of Power: Building a Smarter, Resilient and More Flexible Energy Infrastructure.”

The invitation-only session brought together policymakers, utility executives, investors, and technology leaders to discuss how power systems must evolve to meet rising demand, integrate renewable energy, and enhance resilience. Led by Bipin Chandra alongside global partners, the discussion positioned the UAE-founded company at the centre of international dialogue on next-generation energy infrastructure.

Strengthening the UAE’s global innovation narrative

Founded in 2001, Esyasoft’s journey from a regional technology firm to a globally recognised unicorn mirrors the UAE’s broader transformation into a centre for high-growth, future-focused enterprises. Backed by IHC’s scale, manufacturing capabilities, and international network, Esyasoft is poised to accelerate its global expansion while continuing to deliver transformative energy programmes.

As the UAE continues to prioritise sustainability, clean energy, and digital innovation, Esyasoft’s unicorn status stands as a powerful symbol of the country’s capacity to build world-class technology leaders with global relevance and lasting impact.