Oman-based SaaS provider, Sampo AI closed its pre-seed funding round, raising $0.75M co-led by Omantel Innovat ..Read More

Oman-based SaaS provider, Sampo AI closed its pre-seed funding round, raising $0.75M co-led by Omantel Innovation Labs and Waad VC, with participation from Hexnture and Saudi angel investors. Founded in July 2024 by Saif Al-Essai and Khalifa Manaa, Sampo AI helps e-commerce businesses optimise pricing strategies. The funding supports its expansion into Saudi Arabia and the UAE.
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• SaaS

Oman Investment Authority (OIA) acquired an undisclosed stake in Elon Musk’s AI startup, xAI, as part of its ..Read More

Oman Investment Authority (OIA) acquired an undisclosed stake in Elon Musk’s AI startup, xAI, as part of its portfolio diversification strategy. Earlier, xAI raised $6 billion in a Series B round from investors including Qatar Investment Authority, Valor Equity Partners, and Saudi Arabia’s Kingdom Holding, reaching a $50 billion valuation. OIA is also a shareholder in Musk’s SpaceX.
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• Information Technology

Oman-based cloud kitchen IO Kitchens has secured funding led by Tanmia Small-Cap Fund, with support from famil ..Read More

Oman-based cloud kitchen IO Kitchens has secured funding led by Tanmia Small-Cap Fund, with support from family offices and regional investors. Founded in 2021, IO Kitchens provides a variety of delivery-only meals and currently operates three cloud kitchens with over 30 F&B brands. The investment will enable the company to expand its operations across Oman.
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• Foodtech