US-based AI infrastructure startup, TensorWave, raised $100 million in a funding round led by Magnetar and AMD ..Read More

US-based AI infrastructure startup, TensorWave, raised $100 million in a funding round led by Magnetar and AMD Ventures, with participation from Maverick Silicon, Nexus Venture Partners, and Prosperity7. This brought its total funding to $146.7 million. The capital was allocated to expand GPU clusters, scale operations, and grow the team beyond 100 employees, supporting the company’s trajectory toward $100 million in run-rate revenue by end-2025.
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• AI
• Infrastructure

Saudi Arabia-based contech startup, WakeCap, secured $28 million in funding during the Saudi-US Investment For ..Read More

Saudi Arabia-based contech startup, WakeCap, secured $28 million in funding during the Saudi-US Investment Forum to enhance its construction tech offerings. The round aimed to support expansion across Saudi Arabia and international markets, with a focus on safety, productivity, and data analytics. Previously, in April 2022, WakeCap received an undisclosed investment from Wa’ed, Aramco’s entrepreneurship arm.
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• Contech

Saudi Arabia-based healthtech, Kilow, raised $2.5 million in seed funding led by Sanabil Venture Studio, in pa ..Read More

Saudi Arabia-based healthtech, Kilow, raised $2.5 million in seed funding led by Sanabil Venture Studio, in partnership with Stryber. The investment supported the company’s plans to scale its AI-powered personalised weight management platform. Founded in 2024 by Fahed Al-Essa, Kilow also integrated smart health tracking, at-home lab testing, and tailored treatment services as part of its expansion strategy.
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• Healthtech

Pakistan-based healthtech, MedIQ, raised $6 million in a Series A round led by Qatar-based Rasmal Ventures and ..Read More

Pakistan-based healthtech, MedIQ, raised $6 million in a Series A round led by Qatar-based Rasmal Ventures and Saudi Arabia-based Joa Capital, with participation from existing investors. The investment aimed to scale operations across Saudi Arabia’s SAR 7.2 billion healthtech market, upgrade the company’s tech stack, and support its expansion into Qatar and other Gulf countries. MedIQ had previously expanded into Saudi Arabia in 2023.
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• Healthtech

Saudi Arabia-based fintech, Nqoodlet, raised $3 million in a seed round led by Waad Investments, with particip ..Read More

Saudi Arabia-based fintech, Nqoodlet, raised $3 million in a seed round led by Waad Investments, with participation from OmanTel, 500 Sanabil Investment, Oqal, Seed Holding, and others. The funding followed a $1 million pre-seed round closed in late 2021. The capital was intended to scale banking infrastructure, introduce open banking features, expand the team, and strengthen partnerships across the SME financial ecosystem in the region.
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• Fintech

Saudi Arabia-based healthtech startup, Tuba secured $8 million in a pre-seed funding round led by Al-Waalan In ..Read More

Saudi Arabia-based healthtech startup, Tuba secured $8 million in a pre-seed funding round led by Al-Waalan Investment, with participation from angel investors. The investment aimed to support the development of Tuba’s technical infrastructure, operational expansion, and team growth. Founded in 2025 by Fayez Al-Anazi, Tuba uses AI to enhance healthcare management and drive digital transformation across the sector.
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• Healthtech

Saudi Arabia-based fintech, erad secured $16 million in a pre-Series A funding round backed by Y Combinator, N ..Read More

Saudi Arabia-based fintech, erad secured $16 million in a pre-Series A funding round backed by Y Combinator, Nuwa Capital, Khwarizmi Ventures, Aljazira Capital, VentureSouq, Oraseya Capital, and Joa Capital. The round aimed to accelerate erad’s expansion, strengthen local hiring, and enhance its Shariah-compliant, data-driven SME financing platform. The company had earlier raised $2.4 million in a pre-seed round in 2022.
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• Fintech

US-based SaaS startup, BloomPath raised $1.3 million in a pre-seed round led by RAED Ventures, with participat ..Read More

US-based SaaS startup, BloomPath raised $1.3 million in a pre-seed round led by RAED Ventures, with participation from Ulu Ventures, Wamda Capital, +VC, and angel investors. The funding aimed to support BloomPath’s product development, team expansion, and customer acquisition. Founded in 2024, BloomPath provides AI-powered workflow software to track progress, analyse patterns, and improve team performance.
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• SaaS