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Uktob.ai rebrands to Teammates.ai following successful funding round

UAE-based AI solutions provider Teammates.ai has raised an undisclosed funding round from Hustle Fund, Access Bridge Ventures, Oraseya Capital, Beyond Capital, and other angel investors.  Founded in 2023 as Uktob.ai by Emad Ayyad and Kareem Ayyad, Teammates provides enterprises with AI colleagues that can handle various tasks like customer support and email management across 50…

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Nawy acquires ROA to launch new products

Daily News Egypt Nawy, Egypt’s leading proptech platform transforming real estate buying, selling, and investment, has announced its acquisition of ROA, a company renowned for its innovative property management solutions. This strategic acquisition sets the stage for the launch of Nawy Unlocked, a groundbreaking service designed to help property owners effortlessly generate income from underutilised…

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Startup Grind holds Qatar’s first Tech Startup Community Awards ceremony

Press release: Startup Grind Qatar, the local chapter of the global startup community, held its Tech Startup Community Awards Programme, designed to honour the remarkable achievements of individuals and startups, driving innovation and growth in Qatar’s tech ecosystem. This inaugural edition of the awards programme was supported by Arisio.io, a startup collaboration and data platform. Focused…

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Why do startups fail? – Wamda

An article by Karim Khorshed, co-founder and CEO of CEQUENS In recent years, the world has realised the importance of small and medium enterprises (SMEs), which now represent 90% of all businesses globally. These enterprises account for over 70% of global employment and contribute to 50% of the global GDP, according to the United Nations' report…

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MilkStraw AI raises $600,000 pre-Seed to propel MENA expansion plans

UAE-HQ AI startup MilkStraw AI has raised $600,000 in pre-seed funding, led by Flat6Labs, with participation from Angel Spark, Beyond Capital, and other angel investors.  MilkStraw, founded in the US in 2024 by Jawad Shreim, develops software that automates and optimises cloud infrastructure costs for businesses. The funding will accelerate MilkStraw AI’s plans to expand…

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Wa’ed Ventures leads Zension Technologies’ $30 million Series A round

Saudi Arabia-based aftersale services provider Zension Technologies has closed a Series A funding round at $30 million, led by Saudi Aramco’s venture capital arm Wa’ed Ventures, with Japanese giant Sumitomo Corporation and regional investors Global Ventures participating. Founded in 2018 by Khalid Saiduddin and Nikos Anastasiadis, Zension provides protection, extended warranty and guaranteed buyback services…

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