UAE-based investment holding firm, Tech Universal Ventures (TUV) acquired Swedish-based firm ELVA11 to enhance ..Read More

UAE-based investment holding firm, Tech Universal Ventures (TUV) acquired Swedish-based firm ELVA11 to enhance its global reach and technical capabilities. Headquartered in Malmö and Stockholm, ELVA11 is a high-performance AI and software consultancy known for its engineering culture and services in software development, consulting, and digital education.
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UAE-based tech startup, Tarjama, raised $15 million in a Series A round led by Global Ventures, with support f ..Read More

UAE-based tech startup, Tarjama, raised $15 million in a Series A round led by Global Ventures, with support from Wamda Capital, TA Ventures, Phaze Capital, Golden Gate Ventures, and Endeavor Catalyst. The investment aimed to scale Tarjama’s Arabic.AI ecosystem, expand its engineering team, and develop sovereign infrastructure. It also supported the launch of an AI Academy to train enterprise and government leaders across Arabic-speaking markets.
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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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UAE-based AI company, AqlanX, secured a $10 million investment from Lakeba Group through its AI venture DoxAI, ..Read More

UAE-based AI company, AqlanX, secured a $10 million investment from Lakeba Group through its AI venture DoxAI, under the UAE’s NextGen FDI initiative. The funding aimed to accelerate the localisation and regional scaling of DoxAI’s enterprise automation solutions. Founded in 2025 by Demetrio Russo, AqlanX focuses on Arabic-first AI technologies for business process automation and document management.
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CPX Holding acquired UAE-based cyber-AI startup, spiderSilk, including its flagship exposure management platfo ..Read More

CPX Holding acquired UAE-based cyber-AI startup, spiderSilk, including its flagship exposure management platform, Resonance. The acquisition combined CPX’s threat detection expertise with spiderSilk’s AI-driven innovations, strengthening its cybersecurity portfolio. Founded in 2019, spiderSilk’s regionally developed solutions are used across public and private sectors. The deal marked a strategic move in CPX’s international expansion, targeting key markets in North America, Saudi Arabia, and the wider GCC.
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Saudi Arabia-based AI-powered language platform, STUCK?, closed a six-figure pre-seed funding round led by UK- ..Read More

Saudi Arabia-based AI-powered language platform, STUCK?, closed a six-figure pre-seed funding round led by UK-based Mena Tech Fund, with participation from KAUST Innovation Fund and Saudi angel investors. Founded in 2022 by Asmaa Naga, the platform offers on-demand English and Arabic language services supported by AI. The investment aimed to accelerate STUCK?’s development and growth in AI-driven language solutions.
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UAE-based AI startup, Lumi AI, closed a $3.7 million seed funding round, led by AgFunder, with participation f ..Read More

UAE-based AI startup, Lumi AI, closed a $3.7 million seed funding round, led by AgFunder, with participation from Forum Ventures, ADQ, Qora71 syndicate, and other angel investors. Earlier, in August 2023, Lumi secured its first round of funding from Forum Ventures, Annex Investments, and strategic angels.
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UAE-based AI-powered content platform, FanTV, secured $3M in a Series A round from Mysten Labs, Cypher Capital ..Read More

UAE-based AI-powered content platform, FanTV, secured $3M in a Series A round from Mysten Labs, Cypher Capital, CoinSwitch Ventures, and Illuminati Capital. The investment will enable FanTV to enhance its AI tools for creators and expand its global user base. Founded in 2022 by Prashan Agarwal, FanTV leverages Web 3.0 to help creators monetize their content through views.
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