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9 articles

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Mantas raises $1.77M as it emerges from stealth mode

Mantas has emerged from stealth after raising $1.77 million to scale its platform focused on detecting, managing, and mitigating cloud service outages for enterprises.

RazaJan 272 min read

Funding & VCArtificial Intelligence

MilkStraw AI raises $2m seed funding to expand cloud optimisation platform

UAE based MilkStraw AI has secured $2 million in seed funding led by VentureSouq, with participation from Ibtikar Fund and M Capital, to expand its AI-driven cloud cost optimisation platform across MENA and global markets.

RazaJan 142 min read

MilkStraw AI raises $2m seed funding to expand cloud optimisation platform

Funding & VCCorporate Innovation

CloudKitchens pulls back on Mideast IPO

Travis Kalanick’s CloudKitchens has delayed plans to list its Middle East unit despite earlier underwriting talks with major Saudi groups, sources tell TechScoop.

Noura KhalidDec 182 min read

TechnologyBioTech

Nawah Scientific closes $23M series A round

Egypt based Nawah Scientific raises $23 million in a Series A round to expand its cloud laboratory infrastructure and scale life sciences research across new markets.

RazaDec 182 min read

Nawah Scientific closes $23M series A round

NewsSeed Funding

Mastiska Secures $10M to build UAE’s first sovereign AI Chips

UAE-based semiconductor startup Mastiska has raised USD 10 million in seed funding from GCC sovereign wealth funds to develop data centre class AI inference accelerators and launch a fabless chip venture focused on regional AI autonomy.

RazaNov 272 min read

Mastiska Secures $10M to build UAE’s first sovereign AI Chips

TechnologySaudi Arabia

Saudi Arabia’s HUMAIN and Blackstone’s AirTrunk form US$3 B data-centre alliance

HUMAIN, the AI company owned by Saudi Arabia’s PIF, and AirTrunk, backed by Blackstone and CPP Investments, have entered a strategic US$3 billion partnership to develop a hyperscale data-centre campus in the Kingdom of Saudi Arabia, marking AirTrunk’s entry into the Middle East and supporting the country’s AI-driven economy ambitions.

Emily CarterOct 282 min read

Saudi Arabia’s HUMAIN and Blackstone’s AirTrunk form US$3 B data-centre alliance

Funding & VCSeed Funding

1001 AI raises $9 million to expand AI infrastructure across the GCC

London and Dubai-based startup 1001 AI raised $9 million in seed funding led by CIV Capital, General Catalyst, and Lux Capital to expand its AI infrastructure platform across the GCC.

James WhitemoreOct 212 min read

1001 AI raises $9 million to expand AI infrastructure across the GCC

NewsSaudi Arabia

Saudi startup Foodics partners with AWS to scale AI-driven restaurant solutions

Saudi-based Foodics signs a US$10 million agreement with AWS to boost AI innovation and cloud expansion across its restaurant management platform in the Middle East.

James WhitemoreOct 192 min read

Saudi startup Foodics partners with AWS to scale AI-driven restaurant solutions

NewsSaaS & Enterprise

Oman’s ITHCA invests $20M in U.S. chipmaker Movandi

Oman’s ITHCA Group leads a $40M round with a $20M investment in U.S. chipmaker Movandi, aiming to establish Muscat as a regional hub for 5G and semiconductor innovation.

MoOct 152 min read

Oman’s ITHCA invests $20M in U.S. chipmaker Movandi

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