News
Derq secures strategic investments from e& capital and AT&T Ventures
Derq, the leading provider of real-time AI-powered intelligent transportation system (ITS) solutions, today announced strategic investments from e& capital and AT&T Ventures. The funding will ...
GII raises $100mln capital to boost its growth plans
Gulf Islamic Investments (GII) today announced that the company has been able to add an additional $100 million growth capital to the group’s balance sheet to develop private equity opportunities acro...
Investcorp announces investment partnership with Awaed
Investcorp announced a commercial partnership with Awaed, the first commission-free Saudi trading platform. Under the terms of the partnership, Awaed will enable their clients to invest into Investcor...
VDS links investors with over €250 billion in private equity to back startups
The seventh edition of VDS has succeeded in gathering investors with a collective portfolio of over €250 billion in private equity dedicated to startups. The international tech gathering, held on Octo...
Wa’ed Ventures to invest $100 million in early-stage AI startups
Wa’ed Ventures announces earmarking $100 million for early-stage AI investments, a bold move to support positioning the Kingdom as a global AI hub. To aid with strategic deal sourcing and accelerate l...
eZhire achieves 102% annual growth
eZhire, the world’s first fully on-demand car rental platform, is celebrating a remarkable milestone, reporting an outstanding 102% CAGR since its inception in 2016. This tremendous growth under...
KPMG reports lobal VC investments on seven-year low
Global VC investment fell from a five-quarter high of $95.5 billion in Q2’24 to a nearly seven-year low of $70.1 billion in Q3’24, amid ongoing geopolitical conflicts, the continued exit drought, anti...
Logitech introduces MeetUp 2 Video Bar for Huddle Rooms
Logitech introduced its latest innovation, MeetUp 2. This next-generation video conferencing solution is an AI-powered USB camera designed for bring-your-own device (BYOD) and PC-based setups in huddl...
Viridia Tech win the 2024 Mega Green Accelerator
Viridia Tech has been named the overall winner of the 2024 Mega Green Accelerator, following an exciting industry Demo Day held in Riyadh where eight startups from across the Middle East and North Afr...