Web Summit Qatar startups raise $205 million in funding
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Web Summit Qatar startups raise $205 million in funding

Raza·10:31 AM TST·February 4, 2026
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Qatar startups showcased at Web Summit raised $205 million in funding, highlighting the country’s growing tech ecosystem, investor interest, and innovation driven entrepreneurship.

Startups from Web Summit Qatar’s programme have raised $205 million in funding since the 2025 edition of the conference, according to data released by the event organizers today.

The figures, compiled by cross-referencing attendee records against Crunchbase funding data, track 69 companies from the Startup Programme that closed rounds in the months following the event.

Artificial intelligence and machine learning companies raised $125 million, the largest share by sector. Data and analytics startups secured $41 million. Fintech and financial services companies closed $26 million.

Companies on the ground at Web Summit Qatar 2025 have raised more than $463 billion in total lifetime funding, according to publicly available Crunchbase data.

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Skystruct, a Qatari construction management platform connecting developers, contractors, and consultants, raised over $500,000 after exhibiting at the conference. Abdulaziz Alsubaiey, chairman and co-founder, said the event created direct investor access and helped accelerate the company’s fundraise.

Other startups that raised funding since attending include Reka AI, an American multimodal AI company that secured $110 million from Nvidia and Snowflake in July 2025 at a $1 billion valuation. OroraTech, a German wildfire detection company, StockGro, an Indian investment education platform, Cognna, a Saudi cybersecurity firm, and PayTic, a Canadian payments automation company also closed rounds.

The Qatar Financial Centre registered 566 firms through Web Summit Qatar 2025, up from 358 in 2024.

A Silverlode report found the event generated QAR 807 million in economic returns, approximately $216 million, with visitor spending exceeding QAR 303 million and 66,000 hotel nights booked.

Web Summit Qatar 2026, which opened February 1, drew 30,274 attendees from 127 countries, along with 1,637 startups and 931 investors. Qatar’s Prime Minister announced a $2 billion expansion of the Qatar Investment Authority’s Fund of Funds programme during the event, bringing the total commitment to $3 billion.

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Raza is TechScoop's Senior Tech Correspondent with a razor-sharp focus on the MENA startup ecosystem. With over 51 published articles, he has become one of the most prolific voices covering fintech innovation, enterprise technology, and the region's digital transformation. His investigative reporting has uncovered major funding rounds before they hit mainstream news, and his analysis of market trends is regularly cited by investors and founders alike. When not chasing the next big story, Raza can be found moderating panels at regional tech conferences.

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