Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Oman’s ITHCA Group has invested $20 million in U.S. firm Movandi to accelerate semiconductor and AI-powered communications innovation, including a new Muscat R&D hub. The move supports Vision 2040 and strengthens Oman’s digital ecosystem.
Oman’s ITHCA Group has invested $20 million in U.S. tech firm Movandi to build the country’s semiconductor and AI communications ecosystem. The partnership will establish a Muscat R&D center and boost Oman’s Vision 2040 digital ambitions.
Startups within Dubai’s in5 incubator have raised $2.45 billion since 2013, growing 14% year-on-year. With 1,100 startups across four innovation verticals, in5 continues to drive Dubai’s D33 economic and entrepreneurial vision.
Tagaddod, Egypt’s cleantech pioneer, secured $26.3 million in Series A funding led by The Arab Energy Fund to scale its AI-powered renewable feedstock platform across Africa, Asia, and Europe, strengthening the global supply chain for sustainable aviation fuel and biofuels.
UAE startup YAL.ai has raised $12M in Series A funding to expand its AI-powered scam protection platform. Using on-device, self-learning AI, it blocks fraud across calls, SMS, apps, and emails while safeguarding privacy. The funding fuels R&D and partnerships to scale globally against rising telecom fraud.
Impact46 has invested $1M in Saudi-based Sadq to accelerate product development, strengthen compliance, and scale digital-signature solutions. Sadq aims to be a foundational pillar of Saudi Arabia’s digital trust ecosystem, aligning local regulations with global standards of security and usability.
Snoonu has launched its Innovation District and expanded its R&D growth programme with QR750mn investment until 2030. The company aims to employ 1,000 engineers, drive AI and sustainable logistics innovation, and scale across GCC markets, positioning itself as Qatar’s first unicorn and a regional tech leader.
Sadq, a Saudi digital-signature platform, raised $1M from Impact46 to expand product development, strengthen compliance, and scale regionally. Compliant with local regulations and global standards, Sadq aims to become a cornerstone of digital trust infrastructure in Saudi Arabia and the wider region.
Sabika, a Sharia-compliant gold and silver investment platform, has raised a six-figure USD round led by M-Empire Angels to expand in Egypt and the Gulf. With 20,000 users and EGP 120M in transactions, the startup will enhance features, add AI tools, and enter Saudi Arabia in 2025.
Figure AI has raised over $1 billion in Series C funding at a $39B valuation, backed by Arcapita, Parkway Venture Capital, Brookfield, NVIDIA, Salesforce, Intel Capital, and others. The company develops humanoid robots for industrial and commercial use, with Brookfield supporting large-scale pilot deployments and AI infrastructure.