Saudi Arabia
Saudi Arabia invests Elon Musk’s new AI startup, xAI
Saudi Arabian royalty and investment giant Kingdom Holding Company (KHC) have teamed up with Elon Musk again, this time investing in his new AI startup, xAI. KHC, led by Prince Alwaleed bin Talal, is ...
GII and Logipoint to create $300 million logistics platform in Saudi Arabia
Gulf Islamic Investments (GII) and Logipoint, a subsidiary of SISCO, have signed an agreement in Jeddah to create a joint venture for a logistics platform providing Grade A warehousing solutions acros...
Saudi Arabia poised to become global business capital
Alex Nicholls, Director of Expansion at AstroLabs, discussed the key insights of their latest Saudi Market Entry Report in an interview with My Startup World.
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 ...
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...
Winners for Sustainova Startup Challenge 2024 announced
The Sustainova Startup Challenge, a flagship event in sustainability and innovation, declared its highly successful edition winners last week in Riyadh, Saudi Arabia. Powered by Risin Ventures in coll...
Saudi robo-advisory firm Abyan Capital secures $18 million in Series A
Abyan Capital, the first robo-advisory company to launch in Saudi Arabia, today announced the closing of a SAR 68 million (USD 18 million) Series A round led by STV with participation from Wa’ed...
Infobip unveils its first data centre in Saudi Arabia
Infobip has launched its first data centre in Saudi Arabia to facilitate seamless digital interactions between businesses and their customers across preferred communication channels. This move is in l...