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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UAE-based AI startup, qeen.ai, closed a $10 million Seed funding round, one of the largest in the MENA region. ..Read More

UAE-based AI startup, qeen.ai, closed a $10 million Seed funding round, one of the largest in the MENA region. The round was led by Prosus Ventures, with participation from Wamda Capital, 10x Founders, and Dara Holdings. This investment brings qeen.ai’s total funding to $12.2 million, following a $2.2 million pre-Seed round in June 2024. The funds will drive platform expansion, team growth, and customer acquisition.
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Saudi Arabia-based AI startup, vminds.ai, closed a six-figure pre-Seed investment round from undisclosed angel ..Read More

Saudi Arabia-based AI startup, vminds.ai, closed a six-figure pre-Seed investment round from undisclosed angel investors. The funding will support the official launch of its platform for individuals and the rollout of its enterprise platform in Q3 2025. Founded by Ahmed Al-Mashhadi, vminds.ai integrates over 150 AI tools from global companies into a single intelligent, self-learning platform.
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