News
GenAI is on the rise in the region
Lenovo’s recently launched research highlights that businesses are investing increasing amounts of cash in artificial intelligence (AI) technology, with spending expected to grow by 43% year-on-...
Ghanaian fintech, Zeepay raises equity investment for expansion
Ghanaian fintech company Zeepay Ghana Ltd announced the completion of an equity investment by pan-African investment firms Africa50, Oikocredit, Injaro, Verdant Capital Hybrid Fund, and I&P. The f...
Microsoft invests $1.5 billion in Abu Dhabi’s G42
Microsoft today announced a $1.5 billion strategic investment in Abu Dhabi-based G42 to collaborate on bringing the latest Microsoft AI technologies and skilling initiatives to the UAE and other count...
Fortis secures $20 million funding led by Opportunity Venture
Dubai-based Fortis, a retail tech and fintech solutions provider tailored for SMEs, announced the successful completion of a Series A funding round, raising $20 million in investment led by Opportunit...
India’s Medulance secures $3 million in Series A
Medulance, a pioneering player in India’s emergency healthcare services sector, has secured $3 million in Series A funding led by Alkemi Growth Capital. The funds will be used to increase its pr...
Hub71 welcomes 25 startups from 11 Countries to its new cohort
Hub71 has welcomed 25 new startups as part of its latest cohort. The selected startups will enter Hub71’s ‘Access’ program, and specialist ecosystems Hub71+ Digital Assets and Hub71+...
Penny Software raises funding in pre-series A round
Penny Software, a leading Saudi B2B SaaS procurement startup, announced the successful completion of its Pre-Series A funding round, with significant investment from Iliad Partners, joined by GSI and ...
ESET named Top Player in Radicati´s Market Quadrant
ESET has been named a Top Player in Radicati´s APT Protection Market Quadrant 2024, covering the advanced persistent threat (APT) protection segment of the security market.
Toyota Ventures announces $300 million funds to invest in startups
Toyota Ventures, Toyota’s early-stage venture capital arm, announced two $150 million funds totalling $ 300 million to expand its investments in startups developing disruptive technologies and b...