Press release: CozmoX AI, a Y Combinator graduate, today announced the launch of the first enterprise-ready AI Employee platform in the Middle East and Africa, featuring advanced voice interaction capabilities. These AI employees function as full-fledged digital workforce members, capable of handling complete business processes end-to-end while communicating naturally through voice in multiple Arabic dialects,…

Morocco-based B2B marketplace ZSystems has closed a $1.5 million Seed funding round, led by Morocco-based VCs—MNF Ventures (through its MNF II fund), Witamax (through Fund II and III), Cash Plus Ventures, and Kalys Ventures. founded in 2022 by Meriem Benabad, Samer Choumar and Youssef Ait-Haddouch, Z’s platform empowers traditional retailers and brands with direct access…

Saudi Arabia-based edtech YNMO has raised $5 million in investment, led by Wa’ed Ventures, with participation from Qatar Development Bank (QDB) and Nour Nouf Ventures. Founded in 2017 by Fahad Al-Nemary, Abdullah Murad and Faisal Al-Nemary, Ynmo specialises in educational and rehabilitative technology, aimed at empowering children of all abilities through data-driven, tailored solutions. With…

In our last article, we went over the different pathways and tracks to acquiring Saudi Premium Residency, touching upon details like eligibility requirements and tenure. In this piece, however, we will focus on one specific pathway: PR for Entrepreneurs. The Premium Residency for Entrepreneurs is a pioneering initiative that aims to attract funded tech entrepreneurs…

UAE-based Web3 banking startup Klickl has closed a $25 million Series A funding round at a valuation of $125 million. The round was co-led by Web3Port Foundation and Aptos Labs, joined by Summer Ventures, Heritage Horizon Capital, V2 Capital, Alpha Square Group, Heng Feng Group, Trend Investment, and Bond Group. Founded in 2017 by Michael…

Saudi Arabia’s Value Makers Studio, in collaboration with the Economic Development Centre and the Madinah Chamber of Commerce, has launched Al Madinah Ventures, a $10 million investment fund that aims to attract tech startups to the Saudi governorate. The programme seeks to unlock the untapped economic potential of Al Madinah, which is home to over…

An article by Rateb H.Rabi, Chief Executive Officer of Intersect  In the rapidly evolving tech landscape, many leading companies are rethinking their strategies and looking beyond traditional talent hubs like Silicon Valley and Bangalore. Emerging markets with untapped potential are rapidly gaining attention, as traditional tech hubs are becoming increasingly saturated and cost prohibitive. Palestine…

Lebanon-founded music streaming app Anghami Inc. has secured a $55 million funding round from OSN Group, $12 million of which is an initial investment in a convertible note programme. Anghami, founded in 2011 by Eddy Maroun and Elie Habib, joined forces with OSN+, owned by Kuwait Projects Company Holding (KIPCO), in April to merge into…

UAE-based refurbished electronics marketplace Revibe has closed its Series A of $7 million in a round co-led by ISAI and Resonance and featuring Kima Ventures and Edouard Mendy. Revibe, established in 2022 by Abdessamad Benzakour and Hamza Iraqui, is a B2C marketplace specialising in refurbished electronics operating across four countries, including KSA, UAE, Kuwait, and…

Jordan-headquartered SaaS provider startup InvoiceQ has raised a pre-Series A funding round of $1.2 million, backed by Oasis 500, Orange VC, Flat6Labs, as well as Natej Soft and several angel investors. Co-founded in 2020 by Muhannad Tobal, Fadi Al-Jabali, Amer Ayyad, and Mohammad Baseet, InvoiceQ provides an e-invoicing solution for enterprises, with a presence in…