Morocco-based superapp, ORA Technologies, secured $1.9 million in a pre-Series A funding round led by Witamax ..Read More

Morocco-based superapp, ORA Technologies, secured $1.9 million in a pre-Series A funding round led by Witamax and Azur Innovation Fund. This brings its total investment to $4.4 million. The funding will support the scaling of its food delivery feature, Kooul, and accelerate the growth of its digital payment and money transfer solution, ORA Cash.
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The Netherlands and Palestine-based AI training startup, DataQueue secured a funding round from Ibtikar Fund a ..Read More

The Netherlands and Palestine-based AI training startup, DataQueue secured a funding round from Ibtikar Fund and Flat6Labs Jordan Seed Fund for an undisclosed amount. Founded in 2021 by Bashir Alsaifi, DataQueue specializes in providing annotated and labeled data for AI model training. This round follows a previous investment from Ibtikar Fund in August 2023, further supporting the startup’s ambition to become a global AI partner for businesses.
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Saudi Arabia-based aftersale services provider, Zension Technologies closed a $30 million Series A funding rou ..Read More

Saudi Arabia-based aftersale services provider, Zension Technologies closed a $30 million Series A funding round led by Saudi Aramco’s venture capital arm, Wa’ed Ventures, with participation from Japan’s Sumitomo Corporation and regional investor Global Ventures. Founded in 2018 by Khalid Saiduddin and Nikos Anastasiadis, Zension offers protection, extended warranty, and guaranteed buyback services for mobile devices and consumer electronics through major retailers, telcos, and OEMs in Saudi Arabia and the UAE. The funding supported the development of its new service, Zaam, set to launch in Q1 2025.
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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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Saudi Arabia-based AI infrastructure provider OmniOps secured $8 million in funding from GMS Capital Ventures. ..Read More

Saudi Arabia-based AI infrastructure provider OmniOps secured $8 million in funding from GMS Capital Ventures. Founded in 2024 by Mohammed Altassan, OmniOps delivers cloud and high-performance computing (HPC) solutions to support businesses with scalable infrastructure. The investment enabled OmniOps to scale operations, enhance R&D, and advance AI infrastructure in Saudi Arabia.
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Jordan-headquartered SaaS startup, InvoiceQ raised $1.2 million in a pre-Series A funding round, backed by Oas ..Read More

Jordan-headquartered SaaS startup, InvoiceQ raised $1.2 million in a pre-Series A funding round, backed by Oasis 500, Orange VC, Flat6Labs, Natej Soft, and several angel investors. Founded in 2020 by Muhannad Tobal, Fadi Al-Jabali, Amer Ayyad, and Mohammad Baseet, the company previously secured $440,000 in 2022 from Jordan Ahli Bank's accelerator, Ahli Fintech. The latest funding was directed towards InvoiceQ’s geographic expansion plans, targeting markets in Oman, Egypt, the UAE, and the wider GCC.
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Morocco-based B2B marketplace, ZSystems closed a $1.5 million Seed funding round, led by Morocco-based VCs—M ..Read More

Morocco-based B2B marketplace, ZSystems 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. The funds will support ZSystems in developing its technology, expanding its product catalog, and preparing for its next growth phase
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USA-based AI business automation platform PLATMA raised $2.2 million in a pre-Seed funding round, securing a v ..Read More

USA-based AI business automation platform PLATMA raised $2.2 million in a pre-Seed funding round, securing a valuation of $20 million. The round was led by Almaz Capital, with participation from Kazakhstan’s EA Group, Uzbekistan’s Aloqa Ventures, and other investors, including Estonia-based Startup Wise Guys, Azerbaijan’s CAUCASUS VC, and venture firms from Kazakhstan, such as Tumar Venture Fund, MOST Ventures, and ACTIVAT VC, along with angel investor Murat Abdrakhmanov. The funding will support PLATMA’s expansion into the MENA market.
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