Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
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.
Figure AI has raised over $1 billion in Series C funding, reaching a $39 billion valuation. The round, led by Parkway and supported by Brookfield, NVIDIA, Salesforce, Intel, and others, highlights growing global confidence in humanoid robotics. Arcapita’s role underscores regional investors’ leadership in frontier AI technologies.
Fintologya, the Bahrain-based fintech startup, has secured $1M in seed funding to expand across GCC markets. Founded in 2024, the company builds secure, compliant payment infrastructure that empowers banks and fintechs to deliver seamless digital finance products, supporting the region’s push toward modern, inclusive financial systems.
Google is deepening its Africa commitment with $9M in university funding, new subsea cable infrastructure, and free AI Pro subscriptions for students in eight countries. The investments, part of its $1B Africa plan, aim to strengthen education, connectivity, and innovation for the continent’s digital economy.
Rihal has secured $7.5M in the first close of its $15M Series A round led by ITHCA Group. Since its 2021 seed funding, the Omani data services leader has recorded 119% CAGR, expanded across multiple industries, and now aims for international growth powered by this latest investment.
Nucleon Security has raised $3.5M to expand its AI-driven, Zero Trust cybersecurity solutions across Africa. Founded in Morocco and France, the startup will use the funding to industrialize its platform, grow in six African markets, and build a regional cybersecurity ecosystem capable of serving global needs.
Jobzyn, a Moroccan AI hiring startup, has raised pre-seed funding led by Janngo Capital to accelerate product development and expand across Africa and MENA. Already used by major firms, the platform helps employers screen candidates efficiently while improving job market transparency for graduates and job seekers.
Fintologya has secured $1 million in seed funding to scale its fintech infrastructure across the GCC. The Bahrain-based startup will expand operations, boost compliance, and enhance its product suite, positioning itself as a key enabler of secure, seamless, and innovative digital payment solutions in the region.
Saudi-based construction-tech startup Fitting has raised $500K in pre-seed funding to digitize the construction supply chain. Founded in 2024, the company connects suppliers, retailers, and developers via a digital marketplace, aiming to boost efficiency and transparency amid Vision 2030 megaprojects.