Revolut to Enter UAE Market Soon
UK-based FinTech company Revolut is preparing to launch its digital financial services in the United Arab Emirates, in collaboration with the UAE Central Bank, after receiving in-principle approval to begin […]
AI
Tagaddod Secures $26.3M Series A to Strengthen Global Biofuel Supply Chains
Tagaddod, the tech-powered renewable feedstocks platform operating across Africa, Asia, and Europe, has announced the successful close of its $26.3 million Series A funding round, led by The Arab Energy
YAL.ai Raises $12 Million to Make Digital Communication Scam-Free Worldwide
Dubai, UAE – UAE-based startup YAL.ai has successfully raised $12 million in Series A funding to further develop its AI-powered platform designed to make digital communication secure and entirely scam-free
Climaty AI Closes $2M Round Led by Turbostart
Climaty AI, a UAE-based startup pioneering the intersection of climate technology and marketing (CliMarTech), has raised $2 million in early-stage funding to build its Agentic AI-powered solutions designed to deliver
31C Boosts Data Security with Strategic Acquisition of Xynthor
DUBAI, UAE / September 29, 2025 — 31 CONCEPT (31C), a UAE-based leader in cybersecurity innovation, has announced the strategic acquisition of Canada’s Xynthor AI Software Inc., a pioneer in
BECO Capital Raises $370M to Accelerate the Startup Ecosystem
DUBAI, United Arab Emirates — (BUSINESS WIRE) — BECO Capital, a leading venture capital firm in the MENA region, has announced the successful close of $370 million across two new
Ministry of Investment Launches ‘Startup Saudi’ to Empower Startups
The Ministry of Investment has announced the launch of “Startup Saudi,” a comprehensive national initiative designed to support the establishment and expansion of entrepreneurial ventures across the Kingdom. This strategic
Empower Semiconductor closes $140M Series D funding round.
San Jose, Calif. – September 22, 2025 – Empower Semiconductor, the world leader in powering AI-class processors, today announced the successful closing of over $140M in Series D financing, led
EdVentures ushers in the AI era of learning with LRNOVA
Cairo, Egypt – EdVentures, the corporate venture capital arm of Nahdet Misr Group and the region’s leading EdTech-focused CVC, has announced a strategic investment in LRNOVA, an innovative startup leveraging
Rasmal Ventures Invests in NEXX to Drive Logistics Innovation
Rasmal Ventures, a leading Qatar-based venture capital fund backed by the Qatar Investment Authority (QIA), has announced its investment in NEXX, a cutting-edge AI-driven logistics technology company headquartered in both
Janngo Capital invests in Jobzyn to lead the digital recruitment revolution
Mohammedia, Morocco – Jobzyn, the AI-powered recruitment startup, has secured investment from Janngo Capital, one of Africa’s leading investment firms managing the continent’s largest gender-equality-focused tech fund. Founded in 2021
$7.5M Investment Strengthens Rihal’s Series A Round
Rihal, a leading Omani technology and data services company, has announced the successful first close of its Series A funding round at $7.5 million, as part of its plan to
Funding boost takes TERN’s total investment to $33M
TERN Group, the UAE-headquartered HealthTech startup, has successfully raised $24 million in a Series A funding round led by Notion Capital and EQ2 Ventures, with participation from RTP Global, LocalGlobe,
Eloquent AI Raises $7.4M in Seed Round
Eloquent AI, a pioneering company that enables financial institutions to fully automate and manage their customer service functions using artificial intelligence, has successfully closed a $7.4 million seed funding round
Massive $250M Funding Pushes Replit’s Valuation to $3 Billion, Fuels Global Expansion
FOSTER CITY, Calif., Sept. 10, 2025 /PRNewswire/ — Replit, the fastest-growing agentic AI software creation platform, today announced the closing of its $250 million Series C funding round, valuing the
New Investment Propels Born’s Global Expansion in Social AI
Berlin – Germany-based startup Born, which specializes in AI-powered social applications, has secured a $15 million investment round led by Laton Ventures from Turkey, alongside Tencent and Accel. Laton Ventures
Qatar Investment Authority Joins Major Investment Round in U.S. Quantum Computing Firm PsiQuantum
Doha – The Qatar Investment Authority (QIA) has announced its participation in a major Series E investment round worth $1 billion in PsiQuantum, a U.S. leader in optical quantum computing,
VentureSouq Secures Strong Backing for Second FinTech Fund
VentureSouq, a leading venture capital firm based in the GCC, has officially announced the close of its second FinTech Fund (FinTech Fund II), reinforcing its role as one of the
$525M deal strengthens Property Finder’s regional presence
Property Finder, the leading real estate platform in the Middle East and North Africa (MENA), announced that it has secured a $525 million investment in a landmark transaction led by
Future Fund of Oman launches SME Lending Portfolio
The Future Fund of Oman (FFO), an affiliate of the Oman Investment Authority, has announced the launch of a new lending portfolio dedicated to supporting small and medium enterprises (SMEs).
Shahbandr Launches Region’s First E-commerce AI Kit
RIYADH, SAUDI ARABIA: Shahbandr, the leading e-commerce enabler in Saudi Arabia and the MENA region, has announced the launch of “Shahbandr AI”, the region’s first fully integrated Generative AI Kit
Orbii secures $3.6M to expand SME credit solutions
Riyadh-based credit infrastructure startup Orbii has raised $3.6 million in seed funding, led by Prosus Ventures, with participation from VentureSouq, DASH Ventures, Taz Investments, and Sanabil 500. Founded in 2024
Second Batch of Sanabil Accelerator by Orbit to Showcase in Riyadh
Riyadh, Saudi Arabia – Sanabil Accelerator by Orbit, a joint initiative between Sanabil Investments, wholly owned by the Public Investment Fund, and Orbit Startups, has announced the Demo Day for
Techne Summit Launches Egypt Innovation Week 2025
Techne Summit today announced the launch of Egypt Innovation Week 2025, marking a major milestone in the nation’s journey towards technological advancement and entrepreneurship, through a community-driven initiative. The announcement
Revo Capital Executes Partial Exit from Midas Following $80 Million Series B
In 2021, Revo Capital became the first institutional venture capital fund to invest in Midas. Following the company’s $80 million Series B round, the fund executed a partial exit, reaffirming
ColendiBank, SAS, and Linktera Forge Strategic Alliance to Shape the Future of Digital Banking
ColendiBank has announced a strategic partnership with SAS and Linktera to develop powerful products and services in next-generation digital banking. This collaboration aims to lay the foundation for a modern
Meta Partners with Midjourney to License Its Aesthetic AI Technology
Meta has signed a strategic licensing agreement with Midjourney, the AI startup renowned for its aesthetic image and video generation technology, to integrate its solutions into Meta’s upcoming AI models
Saudi Arabia Launches HUMAIN Chat the First Arabic AI Chatbot
HUMAIN, owned by Saudi Arabia’s Public Investment Fund, has officially launched HUMAIN Chat in Riyadh, the first AI-powered interactive chatbot fully dedicated to Arabic speakers. The model was trained on
Doha to Host the First Edition of MWC25, Driving Digital Innovation
Doha is preparing to host the inaugural edition of MWC25 this November, reflecting Qatar’s ambition to position itself as a leading hub for technological innovation and the telecommunications industry. Organizers
Saudi Arabia’s Gathern.co Closes $72M Series B, Paving the Way for a Potential IPO
The region has witnessed a wave of funding activity. Gathern.co (🇸🇦 KSA), the Kingdom’s largest P2P rental marketplace offering 35,000+ accommodations across 280 cities, announced the closing of a $72M
Turkey’s Kodgem raises strategic investment from Infinia at $4.5M valuation to scale AI-powered wearable health tech
Cappadocia-based Kodgem, a Turkish startup developing AI-powered wearable health technologies, has secured a strategic investment from Infinia at a $4.5 million valuation. With this partnership, Kodgem aims to scale production
Egypt’s Zaher AI raises $150K and joins Meska Venture Studio to pioneer Generative Engine Optimization
Cairo, Egypt – Zaher AI, the Egyptian startup specializing in Generative Engine Optimization (G.E.O.), has raised $150,000 in a funding round with participation from angel investor Dr. Ahmed Samy, founder
Professional.me Secures $3.1M Seed Funding Led by Raha Beach Ventures
UAE-based HR technology company Professional.me, an AI-powered platform redefining how companies hire and manage top talent, has announced the closing of a $3.1 million seed funding round led by Raha
Madinah Regional Municipality and DeepMinds Launch “Madinah Venture Studio” to Drive Innovation and Purposeful Venture Creation
The Madinah Regional Municipality, in collaboration with DeepMinds Holdings, has unveiled the groundbreaking “Madinah Venture Studio” — an initiative set to establish Madinah as a world-class hub for purpose-driven ventures.
HUMAIN Launches Full Operation of AI Models in Partnership with OpenAI
Tareq Amin, CEO of HUMAIN, announced during an interview on Al Arabiya News Channel the official launch of full-scale operations for AI models in partnership with OpenAI — a strategic
Boxy Raises $1.5M to Build Iraq’s First AI-Driven Logistics Aggregator
Boxy, Iraq’s first AI-powered logistics aggregator, has successfully closed a $1.5 million pre-seed round led by EQIQ, a venture capital firm focused on market-gap-driven digital ventures. This investment will accelerate
Wuilt Raises $2M to Expand Free Ecommerce Platform for Merchants
Wuilt, the ecommerce enablement platform headquartered in Cairo, has announced the successful closing of a $2 million funding round, led by follow-on investments from Flat6Labs and MTF VC. The round
Spare Secures In-Principle Approval from CBUAE for Open Finance License
Saudi-based open finance infrastructure provider Spare has received in-principle approval from the Central Bank of the UAE (CBUAE) to be licensed for open finance operations in the UAE. This positions
PIF Retains Global Top Spot as Most Valuable Sovereign Wealth Fund Brand
The Public Investment Fund (PIF) has retained its position as the world’s most valuable sovereign wealth fund brand for the second consecutive year, according to Brand Finance’s 2025 report. The
Ramp raises $500M, hits $22.5B valuation in new funding round
Ramp, the US-based financial technology company, announced the successful close of its $500 million Series E-2 funding round, bringing its valuation to $22.5 billion, according to a statement released Wednesday.
Calo Raises $39M in Series B Extension to Drive AI Innovation and Global Growth
Riyadh-based foodtech Calo has secured $39 million in a Series B extension round led by AlJazira Capital, bringing its total Series B funding to $64 million, the company announced today.
ARTAI Launches as the First Arab Company Using AI in Advertising Production
TTP Media Group, a leading Saudi-based marketing and advertising company, has announced the launch of ARTAI, the first Arab company specialized in producing advertisements and videos using AI-powered tools. The
Strategic Partnership Between Trendyol, Baykar, ADQ, and Ant to Develop an Advanced Fintech Platform in Turkey
Trendyol, Turkey’s leading e-commerce platform, Baykar, the world’s largest unmanned aerial vehicle manufacturer, ADQ, an active sovereign investor focused on critical infrastructure, and Ant International, a global leader in digital
Launch of the 2nd Edition of Elevate Initiative to Train 5,000 Women in AI Globally
The International Center for AI Research & Ethics (ICAIRE), based in Riyadh, has launched the second edition of the “Elevate” initiative, in collaboration with Microsoft and with the support of
Tactful AI Returns to Founders’ Hands, Ready for AI-Driven Global Growth
Tactful AI, the Egypt-based startup specializing in AI-powered customer experience (CX) solutions, has announced a new chapter in its growth journey, following the full reacquisition by its founders, Mohamed El-Masry
Fire AI Raises Pre-Seed Funding Led by Venture Catalysts to Boost Its AI-Powered Business Intelligence Platform
Fire AI, an AI-powered business intelligence platform, has successfully raised an undisclosed amount in pre-seed funding led by Venture Catalysts, aiming to accelerate its product development and market outreach. The
Trupeer Raises $3 Mn to Simplify AI-Powered Business Video Creation
Trupeer, a Bengaluru-based startup, has raised $3 million in a Seed Round to advance its mission of automating AI-powered business video creation. Founded in 2023 by Shivali Goyal and Pritish
Mohammed Bin Rashid Innovation Fund Selects 20 Startups for 10th Cohort of Innovation Accelerator
The Mohammed Bin Rashid Innovation Fund (MBRIF), an initiative launched by the UAE Ministry of Finance, has announced the selection of 20 innovative startups to join the 10th cohort of
Lucidya Raises USD30 Million in Largest AI Funding Round in MENA
Riyadh, KSA – Lucidya, the leading AI-powered Customer Experience Management (CXM) platform in the MENA region, has announced the successful close of its USD30 million Series B funding round, marking
Qatar Gears Up to Host First-Ever MWC25 in the Region with Global Participation
Doha, Qatar – Under the high patronage of Prime Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, Qatar is preparing to host MWC25 Doha on November 25–26, 2025, at
$100M Investment Powers Harmonic’s Push Toward Mathematical AI Leadership
Harmonic, the US-based AI company, has announced a new $100 million funding round, valuing the company at approximately $900 million. The round was led by Kleiner Perkins, with participation from
XPANCEO Becomes UAE’s Newest Unicorn with $250M to Build Revolutionary Smart Lenses
UAE-based XPANCEO has secured $250 million in Series A funding led by Opportunity Venture (Asia), boosting its valuation to $1.35 billion and officially achieving unicorn status. The company is developing
Apple Plans $14B Bid for Perplexity AI
Apple is reportedly in early internal discussions about acquiring AI startup Perplexity for over $14 billion, according to Bloomberg News, citing people familiar with the matter. The talks are preliminary,
Levelpath Raises $55 Million to Modernize Procurement with AI
Levelpath, a fast-growing U.S. startup specializing in procurement software, has successfully raised $55 million in Series B funding, led by Battery Ventures. This fresh capital injection supports the company’s goal
Beekod Raises $2M from H2O Investment to Accelerate Global Growth and Product Development
Beekod, a modular e-commerce super app developed in Turkey, has secured an investment from H2O Investment at a valuation of $2 million. The round marks a significant milestone for the
Clearspeed Raises $60M Series D to Scale Voice-Based Risk Assessment Across High-Stakes Sectors
SAN DIEGO, CA — June 26, 2025 — Clearspeed, the global leader in voice-based risk assessment technology, has closed a $60 million Series D funding round, bringing its total funding
PoliCloud raises $8.78M led by Global Ventures to expand sovereign HPC cloud infrastructure
PoliCloud, a French-based startup providing next-generation sovereign cloud infrastructure for high-performance computing (HPC), has announced the successful closing of its €7.5 million (~$8.78 million) seed funding round. The round was
Egypt’s AgriCash Secures Pre-Seed Funding to Scale Digital Financial Inclusion in Agriculture
Egypt’s AgriCash Secures Pre-Seed Funding to Scale Digital Financial Inclusion in Agriculture Egypt-based agri-fintech platform AgriCash has closed a pre-seed investment round led by Alex Angels, one of Egypt’s leading
Abridge Doubles Valuation to $5.3B with $300M Series E Investment
Abridge, a company specializing in AI-driven health technologies, has announced the closure of a $300 million Series E investment round, raising its valuation to $5.3 billion. This follows its $250
Related Secures $8M to Lead the Future of Loyalty Tech in MENA
Equivator, a Saudi-based private equity firm, has announced a strategic investment of SAR 30 million (USD 8 million) in Related, a UAE-headquartered company specialized in loyalty and rewards technology. This
Nowlun Secures Additional $600K to Build AI Logistics Assistant, Closes Seed Round at $2.3M
In a milestone move for MENA’s digital logistics ecosystem, Egypt-based Nowlun has officially closed its seed round at $2.3 million, following an additional $600K investment led by Ingressive Capital. The
Profound raises $20M Series A to boost AI-driven brand visibility
Profound, a U.S.-based AI visibility tracking platform, has raised $20 million in a Series A funding round led by Kleiner Perkins, with participation from Khosla Ventures, NVentures (NVIDIA’s investment arm),
Batch 9 of the Sanabil Accelerator by 500 Global kicks off, spotlighting 9 high-potential MENA startups
Riyadh, Saudi Arabia – Sanabil Investments, wholly owned by the Public Investment Fund (PIF), and 500 Global, a leading multi-stage venture capital firm, have launched Batch 9 of the Sanabil
Applied Intuition Raises $600M in Series F Funding, Reaches $15B Valuation
Applied Intuition, a U.S.-based company specializing in vehicle intelligence, has raised $600 million in Series F funding and a secondary share sale, reaching a valuation of $15 billion. The round
illumine Raises $2.5M from Prime Venture Partners to Reinvent Childcare with AI
illumine, a startup reimagining childcare through AI-driven solutions, has raised $2.5 million in seed funding, led by Prime Venture Partners, to accelerate product development and global expansion. Headquartered in Bengaluru,
Enlighty.ai Secures 4M TRY Investment to Transform AI-Powered Consumer Insights
Enlighty.ai, a company that interprets consumer and market data through AI-powered insights, has received an investment of 4 million Turkish Lira. The funding round was led by ENA Venture Capital,
Darwinz AI Raises $325K in Its First Institutional Funding Round
Darwinz AI, a Saudi-Egyptian startup, has raised $325,000 in its first-ever institutional funding round, led by Flat6Labs KSA and Glint Ventures. Founded in Egypt in 2021 by Emad Elazhary and
XFOLIO Raises $2M Seed Round to Expand Its Digital Wealth Management Solutions
XFOLIO AI, a fintech startup based in Lebanon and France, has raised $2 million in Seed funding from Middle East Venture Partners (MEVP) to grow its product and expand into
Hoko Acquires Everdome to Redefine the Future of Interactive Content
Hoko Agency, known for creative campaigns with Mercedes-Benz, Red Bull, and DP World, has announced the acquisition of Everdome, a UAE-based metaverse company specializing in immersive virtual experiences. Founded in
VenueX Raises $1.2M to Expand into UAE and Saudi Arabia
Istanbul, June 2025 — VenueX, an Istanbul-based artificial intelligence startup, has successfully raised $1.2 million in a bridge funding round led by Singapore-based Orbit Startups. The round also saw participation
VenueX Secures $1.2M Investment to Expand in Turkey and Enter GCC Markets
VenueX, a Turkey-based provider of AI-supported marketing solutions, has secured a $1.2 million investment led by Singapore-based Orbit Startups, known for its investments in early-stage ventures. Existing investors Re-Pie, Akkök,
Tunisian AI Software Testing Platform Thunder Code Secures $9M Seed Round
Tunisian AI-powered software testing startup Thunder Code has raised $9 million in a seed funding round.The funding will be used to develop products, enhance AI infrastructure, and support global expansion.
A National Alliance to Launch 1,000 Tech Ventures Across Algeria
Algiers, June 1, 2025 – The Algerian Startup Fund (ASF), the Center for Scientific and Technical Information Research (CERIST), and DeepMinds™ have announced the launch of the National Venture Studio
Strategic Dual Acquisition by Tech Universal Ventures to Strengthen Digital Infrastructure in the Gulf
UAE-based Tech Universal Ventures has announced the acquisition of FixSquad (UAE) and ELVA11 (Sweden) as part of its expansion strategy to strengthen its footprint across the Gulf region and global
Werover Secures $1.7M Investment to Advance Wind Turbine Monitoring Technology
Werover has secured a $1.7 million investment in a new funding round led by Qatar-based Alchemist Doha, to scale up its wind turbine blade monitoring technology globally. According to information
Saudi Arabia Launches CodeAI Incubator to Empower AI Startups
The Center for Digital Entrepreneurship (COD), affiliated with the Ministry of Communications and Information Technology, has launched CodeAI, a new incubator designed to support the growth of startups in the
Saudi Internet Report 2024 — Over 99% Penetration and Growth in AI & Digital Commerce
The Communications, Space & Technology Commission (CST) has released the Saudi Internet Report 2024, highlighting key insights on internet penetration, user behavior, app preferences, and digital infrastructure development across the
CloudSEK Raises $19M to Scale AI-Powered Cybersecurity Globally
CloudSEK, an India-based AI-powered cybersecurity company, has secured $19 million in Series A2 and B1 funding rounds aimed at accelerating its global expansion and advancing its artificial intelligence models. The
RIIG Rebrands as HOOTL, Eyes UAE as Hub for Smart Health Insurance Innovation
RIIG, a U.S.-based leader in AI-powered cybersecurity and risk intelligence, announced that it has successfully secured a new major round of funding from UAE investors, aimed at accelerating its expansion
SARsatX Secures $2.6M to Enhance Earth Observation Analytics and Satellite Integration, Led by TONOMUS
Saudi-based space analytics startup SARsatX has successfully closed a $2.6M seed funding round, led by TONOMUS – the cognitive tech arm of NEOM, with participation from Wa’ed Ventures (Aramco’s VC
Qualcomm and HUMAIN Sign MoU to Develop Advanced AI Data Centers and Cloud-to-Edge Hybrid Services in Saudi Arabia
RIYADH – May 13, 2025: Qualcomm Technologies, Inc., a global leader in connected intelligent computing, and HUMAIN, Saudi Arabia’s national AI champion, signed a Memorandum of Understanding (MoU) to launch
THE WHITEGUARD Secures Six-Figure Pre-Seed Round Led by DEN VC
THE WHITEGUARD, an Egyptian company specializing in cybersecurity and artificial intelligence, has announced the closure of a six-figure Pre-Seed funding round, led by venture capital firm DEN VC. This funding
Tareq Amin Appointed CEO of “Humain” to Boost Saudi Arabia’s AI Leadership and Global Digital Infrastructure
RIYADH – 13 May 2025 – Humain, Saudi Arabia’s newly launched artificial intelligence initiative, has appointed Tareq Amin as its Chief Executive Officer, aiming to accelerate the Kingdom’s position in
Saudi Arabia’s HUMAIN and AMD Launch $10 Billion Global AI Infrastructure Joint Venture
Riyadh, Saudi Arabia – May 2025 — In a landmark move to reshape the global AI infrastructure landscape, Saudi Arabia’s newly established national AI company, HUMAIN, has announced a $10
AWS and HUMAIN Announce Over $5 Billion Investment to Accelerate AI Adoption in Saudi Arabia and Globally
Riyadh, Saudi Arabia —Amazon Web Services (AWS), a subsidiary of Amazon.com, and HUMAIN, the newly launched AI innovation company backed by Saudi Arabia’s Public Investment Fund (PIF), have announced a
HUMAIN and NVIDIA Forge Strategic Partnership to Build AI Factories of the Future in Saudi Arabia
HUMAIN, a full AI value chain company backed by Saudi Arabia’s Public Investment Fund, has announced a landmark strategic partnership with NVIDIA, the global leader in AI computing infrastructure, to
Scale AI Announces Strategic Gulf Expansion with New Riyadh Office Set to Open by End of 2025
Scale AI, the San Francisco-based AI company backed by Amazon, plans to open a new office in Saudi Arabia by the end of 2025 as part of its broader regional
Saudi Arabia Approves Starlink for Aviation and Maritime Services
Elon Musk, founder of SpaceX, announced during the U.S.-Saudi Investment Forum that Saudi Arabia has officially approved Starlink’s services for aviation and maritime sectors within the Kingdom. Starlink, operated by
Wyld VC launches $50 million AI-native fund in MENA
Saudi Arabia-based Wyld VC has launched the MENA region’s first $50 million AI-native venture capital fund, with a mission to bridge the AI talent gap and support early-stage startups in
Qlik Secures Strategic Investment Led by ADIA and Thoma Bravo to Accelerate Enterprise AI Growth
Qlik, a global leader in data integration, analytics, and AI, today announced the close of a significant minority investment led by a wholly owned subsidiary of Abu Dhabi Investment Authority
Crown Prince Launches HUMAIN to Position Saudi Arabia as a Global AI Leader
Saudi Crown Prince Mohammed bin Salman, Crown Prince, Prime Minister, and Chairman of the Public Investment Fund (PIF), has announced the launch of HUMAIN, a new AI company wholly owned
Co-one Completes €1M Pre-Series A Investment Round Led by Ak Portföy
Tallinn, Estonia – Co-one, an AI infrastructure startup, has announced the completion of its €1 million pre-Series A investment round, led by Ak Portföy. Existing investors Maxis Innovative Venture Capital,
Saudi’s Kilow Raises USD 2.5M to Enhance Its AI-Powered Digital Weight Loss Platform
Riyadh, Saudi Arabia – Saudi Arabia-based digital health platform Kilow has successfully raised USD 2.5 million in seed funding, led by Sanabil Venture Studio by Stryber, a subsidiary of Sanabil
AqlanX Secures $10 Million Investment from DoxAI to Launch Arabic-First AI Solutions for Enterprise in the Middle East
AqlanX, a UAE-based company specializing in AI and enterprise automation, has secured a $10 million investment from Lakeba Group through its project DoxAI. This investment marks a significant milestone in
Glide Raises $15M to Accelerate Embedded Fintech Innovation Powered by AI
Glide, a U.S.-based provider of embedded fintech solutions, has raised $15 million in a Series A funding round aimed at accelerating product innovation and enhancing its capabilities in artificial intelligence.
WisdomAI Raises $23M to Deliver Accurate AI Data Analytics Without Hallucinations
California, May 2025 – WisdomAI, a generative AI data analytics startup, has raised $23 million in a massive seed round led by Coatue Ventures, with participation from Madrona, GTM Capital,
Priceagent Raises $550,000 to Transform Global Product Pricing
Stockholm, May 6, 2025 – Priceagent, the platform revolutionizing pricing strategy, has raised $550,000 in seed funding backed by its founders, consulting experts, and prominent angel investors, including former Cint
Mistral AI Achieves Huge Success and Triples Revenue with Launch of “Le Chat” for Enterprises
Mistral AI, the French startup specializing in artificial intelligence, has announced the launch of its enterprise version of the “Le Chat” chatbot, which has led to significant revenue growth in
Uber and Pony.ai Partner to Launch Autonomous Robotaxis in the Middle East
Pony.ai and Uber have announced a strategic partnership to deploy autonomous Robotaxis by Pony.ai on the Uber platform across key markets in the Middle East, marking a pivotal step toward
Uber to Acquire 85% Stake in Turkey’s Trendyol GO for $700 Million
Uber has announced its acquisition of an 85% stake in Turkish food delivery platform Trendyol GO for approximately $700 million in cash, according to a securities filing. The deal is
CPX Holding Acquires SpiderSilk to Strengthen its Cybersecurity Leadership with AI-Powered Solutions
Abu Dhabi, UAE: CPX Holding, the UAE-based cybersecurity powerhouse and a subsidiary of G42, has officially acquired SpiderSilk, a pioneering cyber-AI product company also headquartered in the UAE. The acquisition
ZAINIAC Invests in AI Startup Actly to Empower Local Innovation and Drive Digital Transformation
ZAINIAC, the internal innovation platform of Zain Group, has announced its strategic investment in Actly, an AI startup founded by Ahmad Alobaid, a standout talent from Zain Kuwait. This investment
Kintsugi Raises $18M Led by Vertex to Expand Its Smart Tax Compliance Automation
Kintsugi, the Silicon Valley-based startup specializing in AI-powered sales tax automation, has secured $18 million in funding led by global tax tech firm Vertex, doubling its valuation to $150 million
Maqsam Ranks 8th in Deloitte’s Technology Fast 50 for the Middle East & Cyprus
Maqsam, a leading provider of Arabic-language AI-powered contact center solutions, has been ranked 8th in the 4th edition of the Deloitte Technology Fast 50 for the Middle East and Cyprus,
DeepL Launches Arabic Document Translation Tool to Empower Business Efficiency Across MENA
Dubai, UAE – April 30, 2025 – DeepL, a global leader in Language AI, has announced the launch of its Arabic Document Translation tool, designed to streamline high-quality document translation
BloomPath Raises $1.3M to Power AI-Driven Tools for Global Tech Teams
BloomPath, a US-based SaaS startup powered by artificial intelligence, has successfully closed its $1.3 million pre-seed funding round, led by Raed Ventures, with participation from Ulu Ventures, Wamda Capital, Plus
MedIQ Raises $6M Series A to Accelerate Expansion in Saudi Arabia and GCC
Pakistani health tech startup MedIQ has raised $6 million in a Series A funding round led by Rasmal Ventures (Qatar) and Joa Capital (Saudi Arabia), with participation from existing investors.
KPMG Launches the 5th Edition of Global Tech Innovator in Saudi Arabia
Riyadh, Saudi Arabia – KPMG Saudi Arabia has launched the 5th edition of its flagship Global Tech Innovator (GTI) competition, offering the country’s most ambitious startups an opportunity to showcase
CleanMob Secures €1.3 Million to Accelerate Smart Fleet Management Growth
CleanMob, a company specializing in smart fleet management solutions, announced that it has successfully raised €1.3 million funding from Bpifrance, 212Founders by CDG Invest, MNF Ventures, Tremplin Capital, and four
Uniqus Consultech Raises $20 Million to Expand into the GCC and Middle East
Uniqus Consultech, the tech-enabled global consulting platform, announced securing $20 million in its Series C funding round led by Nexus Venture Partners with participation from Sorin Investments, both existing investors.
Manus AI Raises $75M, Reaching $500M Valuation
Chinese AI startup Manus AI has raised $75 million in fresh funding, boosting its valuation to $500 million, according to the company’s announcement. The funding round was led by renowned
Qevlar AI Raises $14M to Supercharge Security Operations Centres with Agentic AI
Qevlar AI, the French cybersecurity startup behind a new generation of autonomous security operations centres (SOCs), has announced that it has raised $14 million in funding. The round was led
Horiar AI Receives Its First Investment on Its Unicorn Journey
Horiar AI, an applied AI research company developing creative tools for the media industry, has received its first investment from Biomka Holding at a valuation of $12 million. Commenting on
Hub71 Records AED 8.02 Billion in Startup Funding in 2024 as Abu Dhabi Rises Among Global Tech Hubs
Hub71, Abu Dhabi’s global tech ecosystem, released its 2024 Impact Report, highlighting a record-breaking year marked by robust funding, strategic growth, and increased international recognition. In its sixth year, Hub71
Qlik Launches New AWS Cloud Region in the Middle East to Empower AI and Ensure Data Sovereignty
Qlik, a global leader in data integration, quality, analytics, and artificial intelligence, has announced the launch of a new AWS cloud region in the Middle East, reinforcing its commitment to
Arabic.AI Launches the First Fully Agentic AI Platform for Arabic Business Solutions
Dubai-based startup Arabic.AI has officially emerged from stealth mode, unveiling the first autonomous AI platform engineered specifically for the Arabic language. With operations spanning MENA, the U.S., and Europe, the
SIDEUP Partners with Kushk to Enhance Shipping Services in Oman
SIDEUP has announced a new partnership with Kushk in the Sultanate of Oman, aiming to improve the shipping and delivery experience for Kushk’s customers both locally and internationally. Through this
xAI Gears Up to Launch “Grok 3.5” with Advanced AI Features and Roadmap for Future Releases
xAI, led by Elon Musk, has announced that it is set to launch “Grok 3.5”, representing a significant leap in its AI platform’s capabilities, while simultaneously developing “Grok 4” slated for release
Omakase.ai Ranks #1 Product of the Day on Product Hunt
Omakase.ai has been crowned #1 Product of the Day on Product Hunt on April 18th, 2025. The Omakase.ai Voice service turns e‑commerce websites into voice‑powered sales agents that talk, listen,
Metric Secures Seven‑Figure Seed Round to Expand Across the Gulf & Asia
Metric, the AI‑driven fintech company, has closed a seven‑figure seed funding round to expand its offerings across the Gulf region and Asia. The round was led by Sanabil 500 Global,
Deloitte Unveils the Fastest-Growing Tech Companies in the Middle East and Cyprus in the Fourth Edition of the Fast 50 Program
Deloitte Middle East has announced the results of the 4th edition of the Deloitte Technology Fast 50 program, celebrating the fastest-growing tech companies across the Middle East and Cyprus. The
ITIDA Launches First Edition of Invest‑IT Program to Empower Egyptian Tech Startups
The Information Technology Industry Development Agency (ITIDA) has kicked off the inaugural edition of its Invest‑IT program in collaboration with Flat6Labs, featuring pitches from 15 Egyptian tech startups across the
M42 Announces Strategic Investment and Partnership with Juvenescence to Propel Healthy Longevity Research
Abu Dhabi – M42, the UAE‑based global health pioneer powered by artificial intelligence (AI), technology, and genomics, today announced a strategic investment and partnership with UK‑based longevity biotech leader Juvenescence.
Amazon Web Services and Manara Launch $3.6 Million Initiative to Train 2,500 Cloud Engineers Across MENA
Amazon Web Services (AWS) today announced a strategic collaboration with Manara, a socially‑driven startup dedicated to unlocking untapped technical talent in the Middle East and North Africa—including a focus on
ITHCA Group and Yango Group Complete Acquisition of Otaxi, Launching the Yango Ecosystem in Oman
Muscat, Oman – ITHCA Group, in partnership with global technology firm Yango Group, has successfully acquired Otaxi, the leading Omani mobility platform, to officially launch the Yango ecosystem in Oman.
BridgeWise Expands in the Middle East Following DIFC License and Strategic Investment
Dubai, UAE – BridgeWise, a global AI-powered investment intelligence platform, announced its official expansion into the Middle East after securing an operational license from the Dubai International Financial Centre (DIFC).
TruBuild Raises $1M in Seed Funding to Revolutionize Construction Project Delivery
TruBuild, a Saudi-based construction technology startup founded in 2023 by Bisrat Degefa (CEO) and Dr. Sari Sabban (CTO), has raised $1 million in a Seed funding round. The round was
Dubizzle Group Acquires Property Monitor to Enhance Real Estate Data Insights
UAE – Dubizzle Group, a leading digital marketplaces provider in the MENA region, has announced the acquisition of Property Monitor, a specialized platform offering comprehensive real estate market data for
BKN301 Group Raises $23.8M to Accelerate Global BaaS Expansion
BKN301 Group, a global Banking-as-a-Service (BaaS) technology provider, has closed a capital increase of $23.8 million to drive its international expansion, with a strategic focus on the UAE and Saudi
AIREV Secures Strategic Investment from Venturewave Capital to Scale Its “On-Demand” AI Operating System
Abu Dhabi – April 15, 2025 – AIREV, the fast-growing UAE-based artificial intelligence startup that stands among the leading AI companies in the Gulf, has secured a strategic investment from
Nutanix and Dell Technologies Launch First Cloud & AI Day in Egypt
Nutanix, a global leader in cloud computing and AI solutions, in collaboration with Dell Technologies, will host the inaugural Cloud & AI Day event in Egypt. The event is designed
4.8 Trillion Dollar Global AI Market Projected by 2033 With Transformative Economic Impact
In a groundbreaking report, the United Nations Conference on Trade and Development (UNCTAD) has projected that the global artificial intelligence market will surge to approximately $4.8 trillion by 2033, a
“Yalla AI” Officially Launched as the First Arabic AI Platform Tailored for the Arab Audience
Riyadh – Saudi technology and AI company Yalla Plus has officially launched “Yalla AI”, the first artificial intelligence platform developed entirely in Arabic, designed to provide a unique, safe, and
Nodefoundry AI Secures Seed Funding to Accelerate Decentralized AI Infrastructure
Nodefoundry AI, a UAE-based platform that aggregates AI agents and operates decentralized physical infrastructure networks, has successfully raised a seed funding round from angel investors and BlockchainVelocity—a leading firm in
InfiniLink Secures $10 Million to Advance Optical Communication Chips for AI Data Centers
InfiniLink, the Egyptian startup specializing in semiconductor technology and advanced optical communication chips for AI data centers, has successfully closed a $10 million Seed funding round. Global company MediaTek participated
South Africa’s Trade Shield Secures $824K to Boost AI-Powered Credit Risk Platform
South African credit risk management startup Trade Shield has secured 15 million South African Rand (approximately $824,000) in funding from the Vumela Fund (backed by FNB Bank) in partnership with Edge Growth, a venture development firm. The investment
OpenAI Set to Close a Historic $40 Billion Investment Round at a $300 Billion Valuation
OpenAI is preparing to finalize a massive investment round worth $40 billion, bringing its valuation to $300 billion. The funding round is led by SoftBank, with participation from Magnetar Capital,
Kenyan Logistics Startup Leta Raises $5 Million in Initial Funding Round
Kenyan logistics startup Leta has successfully raised $5 million in an initial funding round. The company plans to use the funds to enhance its products and expand into strategic markets
BlackRock, Microsoft, and MGX Announce the Inclusion of NVIDIA and xAI in the AI Infrastructure Partnership
BlackRock, Global Infrastructure Partners (GIP) (a subsidiary of BlackRock), Microsoft, and MGX have announced the inclusion of NVIDIA and xAI in the AI Infrastructure Partnership, previously known as the Global
UAE-Based Fintech ClearGrid Raises $10 Million in Pre-Seed and Seed Funding Rounds
ClearGrid, a UAE-based fintech specializing in debt collection solutions, has raised $10 million in pre-seed and seed funding rounds. The pre-seed round was led by RAED Ventures and BECO Capital,
Juridoc.tn Secures Investment from Go Big Partners and 216 Capital Ventures for Expansion
Juridoc.tn, a pioneering legal-tech startup based in Tunisia, has announced a joint investment from Go Big Partners and 216 Capital Ventures. This investment supports the company’s ambitious expansion into the OHADA region, which includes
Abu Dhabi Signs Sovereign Cloud Deal with Microsoft and G42
The Government of Abu Dhabi has signed a multi-year sovereign cloud agreement with Microsoft and Core42, a G42 company specializing in AI infrastructure, sovereign cloud, and digital services. This partnership aligns with Abu Dhabi’s $3.54 billion digital strategy for
Terabase Energy Closes $130 Million Series C Funding Round Led by SoftBank Vision Fund 2
Terabase Energy, a U.S.-based company specializing in digital and automated solar energy solutions, has announced the closing of a $130 million Series C funding round, led by SoftBank Vision Fund 2 with participation
beaconsmind Group Acquires UAE-Based Lokalee for $12.8 Million
beaconsmind Group, a Swiss company, has announced the acquisition of Lokalee, a UAE-based startup specializing in travel technology, for $12.8 million. Lokalee operates as a technology platform leveraging artificial intelligence to provide integrated
Alibaba Launches New AI Model Capable of Recognizing Human Emotions
Alibaba has unveiled a new artificial intelligence model, R1-Omni, capable of inferring human emotions by analyzing video, audio, and images. Developed by researchers at Tongyi Lab, led by Xiaoxing Gao, the model is based
UAE’s MGX Acquires Minority Stake in Binance for $2 Billion
Binance, the world’s largest cryptocurrency exchange, has announced that MGX, a UAE-based leader in AI and advanced technology investments, has acquired a minority stake in the platform for $2 billion. This marks
Mastercard and LikeCard Launch Family Banking Solution to Promote Financial Literacy and Responsible Spending
Mastercard and LikeCard, a leading e-commerce prepaid card platform in the Middle East and North Africa (MENA) region, have partnered to launch an innovative family banking solution designed to enhance financial literacy
Yalla Group Reports $339.7M Revenue in 2024, Up 6.5%
Yalla Group Limited announced its financial results for 2024, reporting revenues of AED 1.2 billion (approximately $339.7 million), a 6.5% increase compared to AED 1.1 billion in 2023. The fourth quarter of the year saw strong revenue growth of 12.2%,
Dexterity, an AI-driven robotics firm, raises $95M to expand operations
Dexterity, Inc., a leading developer of industrial robots powered by artificial intelligence, has raised $95 million in a new funding round. The investment was led by prominent investors, including Lightspeed
Mozn Recognized Among the World’s Top Companies in Fighting Financial Crime
Mozn, a leading Saudi fintech company, has achieved a global milestone by being ranked among the top 50 companies in digital financial crime prevention, according to the Chartis Financial Crime
Micropolis Holding Raises $16 Million in Its Initial Public Offering
Micropolis Holding, a Dubai-based company specializing in the development of autonomous mobile robots (AMRs) and related software, has successfully raised $16 million through its initial public offering (IPO). The company
ORA Technologies Raises $1.9 Million in Pre-Series A Funding
ORA Technologies, a Moroccan-based startup, has successfully closed a $1.9 million Pre-Series A funding round led by Witamax and Azur Innovation Management. This brings the company’s total local funding to
Saudi’s ALLaM Model Steps onto the Global Stage via Hugging Face
The Saudi Data and Artificial Intelligence Authority (SDAIA) has announced the listing of its Saudi AI model, ALLaM 7B, on the global platform Hugging Face, a leading hub for artificial
FanTV Closes $8.5 Million Series-A Funding Round to Boost AI Tools and Support Creators Globally
FanTV, a platform specializing in AI-driven content solutions on the Sui network, has announced the closure of its Series-A funding round, raising $8.5 million. This includes a new $3 million
Anthropic Raises $3.5 Billion in Series E Funding at a $61.5 Billion Valuation
California, USA – Anthropic, a leading artificial intelligence company, has announced the closure of its Series E funding round, raising $3.5 billion at a valuation of $61.5 billion. The funding
locate App Announces Plans for IPO on the Saudi Stock Market to Expand and Enhance Its Technological Capabilities
Locate App, a delivery platform specializing in restaurant, retail, and supermarket orders in the Eastern Province, has announced its intention to go public on the Saudi stock market. This move
Libya’s Alkremeya App Launches B2B E-commerce Platform with Regional Expansion Plans
Libya-based Alkremeya, a pioneering B2B e-commerce platform for the grocery supply chain, has officially launched operations with a vision for regional growth. Founded in 2023 by Abdurrahman Ejdier and Fasih
Onetab Secures $3.3 Million in Seed Funding to Revolutionize AI-Driven Software Development
Onetab.ai, an AI-powered SaaS startup, has raised $3.3 million in a seed funding round led by LIT.FUND and Orbit Startups. The round also saw participation from a Singapore-based family office,
OmniOps Signs Strategic MoUs with TAWAL, Lenovo, Pure Storage, and Hewlett Packard Enterprise at LEAP 2025
OmniOps, the leading AI infrastructure technology company in Saudi Arabia, has announced the signing of four strategic Memoranda of Understanding with TAWAL, Lenovo, Pure Storage, and Hewlett Packard Enterprise (HPE)
Groq Invests $1.5 Billion to Expand AI Infrastructure in Saudi Arabia
Groq, a leading AI technology company, has announced a significant investment of $1.5 billion to enhance its artificial intelligence infrastructure. As part of this initiative, Groq will establish the world’s
Alat and Lenovo Commit $2 Billion to Advanced AI and Robotics Hub in Riyadh
On the first day of LEAP 2025, Saudi Arabia reaffirmed its ambition to lead the world in artificial intelligence and digital transformation. Alat and Lenovo have jointly announced a $2
VISARUN.AI raises $700K to develop AI-powered visa platform
VISARUN.AI, a UAE-based company specializing in AI-supported visa services, has successfully raised $700K in a Pre-Seed funding round from angel investors from the UAE and Switzerland. The funding will be
Smpl Fund I, Invests $250,000 in AI Companies within Qora71 Portfolio
Smpl Fund I, established with $10 million by Smpl Holdings, has announced a $250,000 investment in several AI and technology companies within the Qora71 portfolio. The fund focuses on supporting AI
Startups and Artificial Intelligence: A Growth Opportunity or a Survival Threat?
There’s no doubt that artificial intelligence (AI) is reshaping industries worldwide, from e-commerce and healthcare to finance and logistics. But for startups, AI presents a critical question: Is it an
Vminds AI Secures Pre-Seed Investment and Prepares to Launch Its Platform
Vminds AI, a Saudi company specializing in AI solutions, has announced the closure of a six-figure Pre-Seed investment round, with participation from angel investors in the commerce and business sectors.
Basetwo Raises $11.5M to Advance AutoPilot Technology and Expand Globally
Basetwo, an AI company specializing in industrial engineering solutions, has raised $11.5 million in a Series A funding round led by AVP Venture Capital, with participation from investors including : Glasswing