News
MAXION to launch seed round to raise $1.2-$1.5 million
MAXION, the UAE’s first matchmaking app, announced 93% month-on-month growth just 12 weeks after launch. In March 2024, MAXION closed $600,000 in pre-seed fundraising in SAFE notes with a $5M valuatio...
TDRA successfully concludes the 7th edition of the UAE Hackathon 2024
The Telecommunications and Digital Government Regulatory Authority (TDRA) marked the successful conclusion of the 7th edition of the UAE Hackathon 2024, themed “Today’s Challenges, Tomorrow’s So...
Contestants from world over compete for world’s best prompt engineer title
The Global Prompt Engineering Championship kicked off today. Contestants from four continents competed for the title of Best Prompt Engineer in Generative Artificial Intelligence Applications, along w...
Moldova unveils comprehensive IT investment guide
Moldova is positioning itself as a rising tech hub with the release of the “IT Investment Guide for Moldova“, prepared by Emerging Europe. This guide provides detailed insights into Moldov...
Riyad Capital launches 1957 Ventures fund
Riyad Capital has announced the launch of the 1957 Ventures fund, a closed-end investment fund backed by Riyad Bank to drive transformative growth in Saudi Arabia’s fintech sector, in line with ...
Canadian University Dubai students wins AED 10,000
A team of students from Canadian University Dubai (CUD) has won AED 10,000 through an incubation grant for an innovation that aims to protect public toilet users from harmful bacteria. The award was s...
PwC Academy, Women Choice launch accelerator program for Saudi women
Women Choice and PwC Academy Middle East proudly launched an innovative accelerator program specifically designed for mid-career Saudi women. The program kicked off with a successful pilot event last ...
Merit secures $12 million in pre-series B funding round
Merit has reported oversubscription in its latest funding round, drawing $12 million against a goal of $5 million in its pre-Series B effort led by Alistithmar Capital i-Cap and followed by existing S...
Adaverse announces strategic investment in Sorbet
Adaverse, the premier venture fund and accelerator in Asia, the Middle East, and Africa, is pleased to announce a strategic investment in Sorbet, a cutting-edge Web3 platform designed to redefine the ...