Saudi Arabia’s Spare Raises $5 Million to Transform Open Banking Across MENA
Riyadh-based fintech will use funding to scale API integrations, enhance product development, and accelerate regional adoption of secure, real-time financial connectivity.
Funding
UAE-based Armoir Secures $500K Seed to Disrupt Premium Luggage Sector
UAE-based Armoir bags $500K seed funding to expand into Europe & MENA, targeting the premium luggage market projected to hit US$75B by 2031.
UAE’s CE-Ventures Joins $100 Million Funding Round for U.S. Nuclear Startup Aalo Atomics
The UAE’s CE-Ventures has joined global investors in Aalo Atomics’ $100M Series B, backing modular nuclear technology aimed at powering the AI-driven energy future.
Riyadh-based Gathern Raises $72 million Series B Funding Ahead of IPO
Gathern raises $72M Series B, valued at $266M, to expand Saudi Arabia’s top vacation rental platform, supporting Vision 2030 tourism growth and IPO plans.
Salasa’s $30 Million Bet to Transform Saudi E-commerce Logistics
Salasa’s $30M bet leverages AI to streamline Saudi e-commerce logistics, riding Vision 2030’s growth and fixing fulfillment fragmentation in the Gulf region.
Ex-Twitter CEO Parag Agrawal Launches AI Startup ‘Parallel’ with $30 Million Funding
Parag Agrawal launches AI startup Parallel with $30 million funding, claims to outperform OpenAI’s GPT-5 in advanced web-centric research tasks.
xLight Raises $40 Mn to Transform Chip Manufacturing with Breakthrough Laser Technology
xLight raises $40M to develop breakthrough EUV laser tech, aiming to transform chip manufacturing and boost US leadership in the semiconductor race.
Dubai’s Prop-AI Raises $1.5 Mn in Pre-Seed Funding to Expand Its AI-Powered Real Estate Investment Platform
Prop-AI, the AI-powered platform revolutionizing how people discover, evaluate, and purchase real estate, last week closed its pre-seed funding round.
Kumulus Water Raises $3.5 Mn to Redefine Clean Water Access with Off-Grid Tech in MENA and Europe
France-based Kumulus Water, the WaterTech startup transforming air into clean drinking water, has successfully raised $3.5 million in seed funding.
Helion Energy Secures $425 Million in Funding to Build World’s First Nuclear Fusion Power Plant
Helion Energy, a U.S.-based startup backed by Sam Altman, has secured $425 million in Series F funding to build the world's first nuclear fusion power plant.
xAI, Elon Musk’s AI Venture, Secures $6 Billion in Funding from Top Investors
Elon Musk's artificial intelligence company xAI has secured $6 billion from prominent investors including BlackRock, Nvidia Corp., and AMD.
Space Tech startup Pixxel Raises Fresh $24 Mn in Ongoing Series-B Funding Round
Pixxel, a US-India-based space tech firm, has secured an additional $24 million in its ongoing Series B funding round.