UAE Proptech Startup Prop-AI Secures $1.5 Million Pre-Seed Round Led by Plus VC
Prop-AI, a UAE-based proptech platform powered by artificial intelligence, has successfully closed a $1.5 million pre-seed funding round. The investment was led by the regional venture capital firm Plus VC, with significant participation from a consortium of other investors. Building the Bloomberg of Real Estate Founded in 2023 by Ranime El Skaff and Christian Kunz, […]
Read MoreQIA and ADIC Join USD 600M Round for US Vehicle AI Firm Applied Intuition
The sovereign wealth funds of Abu Dhabi and Qatar have made their first strategic investment in Applied Intuition, a California-based leader in vehicle intelligence software. The Abu Dhabi Investment Council (ADIC) and the Qatar Investment Authority (QIA) participated in the company’s massive $600 million Series F funding round, which values the US tech firm at $15 billion. Gulf Sovereign […]
Read MoreUAE’s Saturnx Secures $3M Seed Round Led by White Star Capital to Boost Stablecoin Payments
Saturnx, a UAE-based stablecoin payments infrastructure company, has successfully closed a $3 million seed funding round. The investment was led by the global venture capital firm White Star Capital, with participation from other strategic institutional investors, and will be used to expand the company’s services across the vital Gulf to South Asia payment corridor. A […]
Read MoreCareem Suspends Pakistan Operations Amidst Economic Headwinds
Ride-hailing and super app company Careem has announced the suspension of its operations in Pakistan, citing challenging economic conditions and intense market competition. Key Details The decision follows a period of operational review and is attributed to the difficult economic environment in Pakistan, coupled with significant competition within the ride-hailing and delivery sectors. Careem’s services, […]
Read MoreMuseum of the Future Unveils 2025 Future Heroes Summer Camp to Nurture Young Innovators
The Museum of the Future in Dubai has announced the launch of the 2025 edition of its “Future Heroes” summer camp, aimed at equipping young people with skills in technology, innovation, and futuristic thinking. Key Details The Future Heroes Summer Camp 2025 is set to welcome young participants aged 6 to 13 for an engaging […]
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