Shorooq backs Yann LeCun’s AI startup AMI Labs in $1.03B seed round
The UAE-based investment firm joined a global investor group backing the Paris-headquartered artificial intelligence startup founded by former Meta chief AI scientist Yann LeCun.
MENA
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UAE Healthtech TruDoc Raises $15M From Al Nahyan and Al-Ketbi Families
The funding round, backed by Abu Dhabi’s Al Nahyan family and the Al-Ketbi family, will help TruDoc expand its virtual-first healthcare and hospital-at-home services across the GCC.
Iran-Linked Drone Strikes Disrupt Amazon AWS Data Centers in UAE and Bahrain
Middle East cloud infrastructure damaged amid ongoing conflict; services disrupted as recovery efforts continue
Moroccan fintech WafR raises $4 million seed to scale last-mile financial services network
Oversubscribed round led by LoftyInc Capital with Attijariwafa Ventures and Almada Ventures will support expansion of WafR’s nationwide merchant-based fintech distribution.
Saudi-Backed Scopely Buys $1B Stake in Turkish Studio Loom Games
Scopely acquires a majority stake in Istanbul-based Loom Games, developer of the hit game Pixel Flow!, in a deal valuing the studio at over $1 billion.
Saudi AI Firm HUMAIN Acquires Significant Minority Stake in Elon Musk’s xAI in $3B Series E
Saudi Arabia’s HUMAIN has taken a major minority position in Elon Musk’s xAI, contributing $3 billion to the company’s Series E round ahead of its SpaceX merger.
Dubai ports chief Sultan Ahmed Bin Sulayem resigns after being named in Epstein files
U.S. Justice Department disclosures linking the DP World leader to Jeffrey Epstein trigger leadership change at the Dubai government-owned global ports operator.
InvestSky raises $4M seed funding, expands into Saudi Arabia
MENA-based social trading platform enters Saudi market after securing Capital Market Authority approval, announces strategic partnership with anb Capital, and confirms $4 million seed round bringing total funding to $7.4 million.
Kumulus Water and CMA CGM roll out safe drinking water project for Saudi schools
Partnership targets decentralized drinking water access for schools, with 30 atmospheric water systems to be deployed over two years.
Morocco-based Justyol raises angel bridge funding ahead of planned Series A
Angel-backed bridge round will help accelerate logistics, supply chain operations, and internal systems as the company prepares for mid-2026 Series A.
Prince Khaled bin Alwaleed invests in Swiss AI safety firm Umanitek, joins advisory board
Move marks one of the first major GCC investments in AI accountability infrastructure as Gulf states accelerate efforts to become global AI hubs.
Vennre raises $9.6M Pre-Series A to expand private market access in MENA
MENA-focused wealth platform Vennre secures hybrid equity-debt funding round co-led by Vision Ventures and anb seed Fund, with participation from regional and global investors.