AIREV, a rapidly growing artificial intelligence start-up based in the UAE, has secured an investment from the Irish venture private equity firm Venturewave Capital. This funding will support AIREV’s expansion as it develops one of the world’s first AI operating systems, called ‘On-Demand’. The investment will allow AIREV to explore new market opportunities both in...
Tech startups in the UAE secured a remarkable total of $872 million in funding during the first quarter of 2025. This marks an incredible 865 percent increase from the $90.5 million raised in the same quarter of 2024, as well as a substantial 194 percent rise compared to the $297 million raised in the fourth...
Bahrain-based social commerce app Sellou has successfully raised $3 million in seed funding, according to a recent announcement from the company. This investment comes at a valuation of $3 million and aims to enhance the app’s platform and expand its market presence in the Middle East and North Africa (MENA) region. Founded by Salman Al...
The ZIGChain Summit in Dubai is set to gather prominent figures in the Web3 sector, which could significantly influence ZIGChain’s market price. This event aims to bring together builders, investors, and innovators, potentially paving the way for new partnerships and projects on the ZIG platform. As collaborations and announcements emerge from the summit, they may...
SonicHive has officially launched its new collection of innovative office pods in a state-of-the-art showroom located in Downtown Dubai. This unveiling comes at a time when businesses are increasingly shifting towards open office layouts and hybrid work models, which has led to a growing demand for private and quiet workspaces. The latest range of SonicHive...
Dubai-based fintech startup Fuse has successfully raised US$6.6 million in seed funding, aiming to tackle payment challenges for businesses looking to enter the Middle East and North Africa (MENA) region. The funding round was led by Northzone, with additional contributions from Flourish Ventures, Alter Global, and notable angel investors such as Flutterwave CEO Olugbenga Agboola...
Oasis Protocol is set to participate in TOKEN2049 Dubai, which will be held on April 29. The Oasis team will join both the main conference and various side events during this significant gathering in the blockchain and cryptocurrency sector. Notable events they will attend include the Afternoon TEE Party, LFG Summit, and DefaiCon. Following these...
Dubai, UAE, has witnessed the successful conclusion of the second edition of InnovAIte, the country’s largest student-led National AI Hackathon. Organized by Aryav Odhrani, Nirvaan Thawani, Dasuni Gunasekara, and Alizeh Ali, the event declared Team ‘Machine Mindset’ from GEMS Wellington Academy – Silicon Oasis as the winner. The hackathon took place in collaboration with the...
Sharjah Maritime Academy (SMA) has initiated a significant advancement in its digital transformation by introducing micro-credentials through Educhain’s blockchain platform. This new initiative enables students to earn verifiable digital certifications for specialized skills and achievements, thereby enhancing their employability and academic profiles. The introduction of micro-credentials aligns with SMA’s vision of a tech-driven and skills-focused...
Cerebras Systems has successfully cleared a U.S. government review concerning its connections with G42, an Abu Dhabi-based AI developer. This review was conducted by the Committee on Foreign Investment in the United States (CFIUS) and is expected to facilitate the California-based company’s long-anticipated initial public offering (IPO). The CFIUS probe specifically examined the planned $335...