2024-07-30
Bloomberg
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Riyadh- and London-based AI startup Intelmatix raised a $20M Series A led by Shorooq Partners, the largest Series A investment for an AI firm in the MENA region
Nicolas Parasie / Bloomberg :
2024-01-10
Bloomberg
Magnitt: startups in Saudi Arabia raised $1.4B in 2023, up 33% YoY, for a 52% share of VC funding in the MENA region, beating the UAE for the first time
- Saudi Arabia dominates tech scene with 52% share of funding — Overall regional funding drops 23% amid shifting landscape
2022-02-09
TechCrunch
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Egypt-based Thndr, an investing app for stocks and mutual funds in the Middle East and North Africa, raises a $20M Series A led by Tiger Global and others
The MENA region has about 400 million people with $500 billion in annual savings. But as a relatively young population …
2021-10-26
Associated Press
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Facebook docs detail issues with moderating non-English speech, leading to inflammatory language in Afghanistan, bans on common words in Palestine, and more
but Facebook doesn't have people who speak all those languages to adequately monitor for hate speech and harassment. https://www.cnn.com/... DK Shivakumar / @dkshivakumar : This is absolutely disturbi...
2020-08-27
Financial Times
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German food ordering group Delivery Hero acquires grocery app InstaShop, which operates in the MENA region, for $360M
Purchase by German food ordering group follows moves by rivals into rapid grocery delivery — The German food ordering group Delivery Hero has acquired …
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