Damascus, Syria – Doushesh, a Syrian digital classifieds platform, has successfully closed a pre-seed funding round at the start of 2026, marking a significant milestone for the country’s emerging startup ecosystem. Founded in 2025 by Alaaeddin Zarzour and Zafer Odabashi, Doushesh operates a comprehensive online classifieds marketplace spanning real estate, vehicles, electronics, furniture, jobs, and […]
Millionaire Elon Musk’s artificial intelligence (AI) startup xAI has raised $20 billion in an upsized Series E funding round, exceeding a $15 billion target for the funding round. Fresh funds The financing aims to accelerate xAI’s infrastructure buildout, the development and deployment of transformative AI products, and funding research to advance “xAI’s core mission: Understanding the Universe,” the company said in […]
Dubai: MilkStraw AI, an AI-powered cloud optimization startup, has raised $2 million in seed funding in a round led by VentureSouq, with participation from Ibtikar Fund and M Capital. Founded 16 months ago with a mission to make cloud optimization simpler and more accessible, MilkStraw AI has quickly gained traction across the startup ecosystem. Today, […]
UAE-based fintech Lucid Capital has closed a $2.5 million Seed funding round, led by Tharawat Holding, with participation from Singular Link, as the company looks to strengthen its trading infrastructure and accelerate artificial intelligence research. Founded in the US in 2022 by Hamad Aldighrir, Ye Gu, and San X., Lucid Capital is a quantitative algorithmic […]
Collaboration aims to co-create data-driven financial solutions, expand access to SME financing, and accelerate corporate innovation across the UAE’s evolving economic landscape. Abu Dhabi, United Arab Emirates – 23 December 2025: Comera Financial Holdings, part of Abu Dhabi’s Royal Group, and SC Ventures, signed an MoU announcing a strategic collaboration to jointly explore new opportunities […]
Part of the Digital Morocco 2030 strategy, 500 Global has been selected to support the Startup Venture Building (Startup VB) initiative. CASABLANCA, Morocco — 500 Global, one of the world’s most active venture capital firms1, announced it has been selected to support the Ministry-led Startup VB initiative, a flagship program under the Digital Morocco 2030 […]
Fund to focus on four pillars: conservation, art & culture, health & wellbeing, and education & skill development In partnership with the Authority of Social Contribution – Ma’an, the Fund will support Abu Dhabi’s long-term environmental and social objectives Inaugural initiative ‘Guardians of the Arabian Gulf’ and will include seagrass research, sea-turtle rescue and nurturing […]
LEIDEN, Netherlands — Gambit Cyber, an emerging leader in AI-native preemptive cybersecurity, today announced the successful close of its US$ 3.4 million seed funding round, led by Expeditions, the leading early-stage investor in European security, with participation of Bitdefender Voyager Ventures, the early-stage investment arm of global cybersecurity leader Bitdefender, backing startups in cybersecurity, automation, and data-driven […]
Abu Dhabi, UAE: Planys Technologies, a Hub71 startup and deep-tech leader in underwater robotics and advanced inspection solutions, has raised approximately USD 12 million in primary funding to drive its next phase of global expansion. The round was led by marquee investors Ashish Kacholia and Lashit Sanghvi, with participation from existing investors including Pratithi Investment, Samarthya […]
UAE-headquartered Premialab, a global provider of data, analytics, and risk management solutions for quantitative investing, has raised $220 million in a growth investment led by KKR, alongside existing investor Balderton. Founded in Hong Kong in 2016 by Adrien Géliot and Pierre Trecourt, Premialab operates a global platform serving the $800 billion quantitative investment strategies (QIS) […]