Browsing: Funding

RIYADH: Regional technology companies drew substantial equity, debt and institutional capital over the past week, led by large fintech rounds and asset-backed facilities.    

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What if the biggest untapped power plant of the AI era was hiding inside the data centres themselves?

Add preferred source Chinese AI startup Manus is reportedly close to completing a $500 million funding round that would double its valuation to $4 billion, making it the most valuable startup in China’s AI agent sector. This marks Manus’s first fundraising effort since dissolving its acquisition relationship with Meta Platforms and resuming independent operations. Existing…

Veridion has raised USD $20 million in Series A funding in a round led by Hoxton Ventures.

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Africa’s artificial-intelligence startup ecosystem is producing more founders and new companies, but fewer young businesses are securing the early capital required to turn experimental products into commercially sustainable ventures.

Earlier this month, the British Business Bank made a £75 million ($101 million) commitment to Molten Ventures’ new Growth Fund. The funding is intended to help the venture capitalist (VC) firm reach its £350 million ($473 million) target to back UK and European technology companies at Series B and beyond.

Qupital has secured USD $300 million in new capital commitments led by M Capital, comprising a Series C round and new asset-backed securities financing from MUFG and Quester Capital.

RIYADH: Startups across the Middle East and North Africa region attracted multiple funding rounds last week in various sectors, demonstrating resilience amid market uncertainty triggered by the ongoing conflict involving Iran.