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AI

SaaS

+5

Keep Converting raises $2M pre-seed led by Nuwa Capital and COTU Ventures

Sep 10, 2026

•

2 min read

Keep Converting raises $2M pre-seed led by Nuwa Capital and COTU Ventures

The UAE startup has emerged from stealth with an AI platform that generates and tests personalised product pages for individual ecommerce shoppers, claiming an average 64% conversion-rate lift across early deployments.

Jamie Lane
Jamie Lane

Saudi Arabia

+3

Gaia raises $1.5M led by SEEDRA to build sovereign AI layer for Saudi enterprises

Sep 8, 2026

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1 min read

Gaia raises $1.5M led by SEEDRA to build sovereign AI layer for Saudi enterprises

The Riyadh startup is building a permission-aware search, assistant and AI agent layer across companies’ internal systems, with data kept inside Saudi or deployed on-premise.

Jamie Lane
Jamie Lane

Public Markets

+3

HUMAIN starts IPO preparations 16 months after launch, with revenues still undisclosed

Sep 7, 2026

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3 min read

HUMAIN starts IPO preparations 16 months after launch, with revenues still undisclosed

The Saudi AI company says its compute is selling before it is built, but an eventual public-market pitch will need to show who is paying for it and how much demand comes from outside the Kingdom’s state-backed ecosystem.

Jamie Lane
Jamie Lane

Saudi Arabia

+2

The AI announcements from LEAP 2026 worth knowing

Sep 4, 2026

•

2 min read

The AI announcements from LEAP 2026 worth knowing

LEAP closed in Riyadh yesterday after four days dominated by Saudi Arabia’s AI buildout, with HUMAIN responsible for a fairly extraordinary share of the announcements.

Jamie Lane
Jamie Lane

Saudi Arabia

+3

HUMAIN says planned $10B global VC fund could be larger, unveils separate Saudi-focused vehicle

Sep 4, 2026

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2 min read

HUMAIN says planned $10B global VC fund could be larger, unveils separate Saudi-focused vehicle

The Saudi AI company will create HUMAIN Limitless, a separate initiative specifically focused on investing in and supporting AI companies within Saudi Arabia.

Jamie Lane
Jamie Lane

Saudi Arabia

+4

HUMAIN invests in Arabic.AI and Tarjama to expand Saudi enterprise AI offering

Sep 1, 2026

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1 min read

HUMAIN invests in Arabic.AI and Tarjama to expand Saudi enterprise AI offering

Undisclosed investment brings Nour Al Hassan’s Arabic language technology business into the PIF-backed AI group’s growing application stack.

Jamie Lane
Jamie Lane

Startups

+4

Builder.ai founder Sachin Dev Duggal launches Dubai-based SeKondBrain after unicorn collapse

Aug 28, 2026

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4 min read

Builder.ai founder Sachin Dev Duggal launches Dubai-based SeKondBrain after unicorn collapse

New venture marks the return of the Builder.ai founder 15 months after the QIA-backed startup entered insolvency, with an initial product designed to carry memory between competing AI models

Jamie Lane
Jamie Lane

Jordan

+3

HeyBreez raises $2.5M seed led by Lunara Partners as call volumes pass one million a month

Aug 19, 2026

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2 min read

HeyBreez raises $2.5M seed led by Lunara Partners as call volumes pass one million a month

The oversubscribed round brings in Jabbar Group alongside returning backer DASH Ventures, seven months after the company's $1.3 million pre-seed.

Jamie Lane
Jamie Lane

Funding

+3

UAE customer intelligence startup Cobi raises $1M pre-seed led by Lunara Partners

Aug 11, 2026

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1 min read

UAE customer intelligence startup Cobi raises $1M pre-seed led by Lunara Partners

The new capital will be used to expand enterprise deployments across the Middle East and internationally, and to further develop Cobi’s recommendation and decisioning capabilities.

Jamie Lane
Jamie Lane

Startups

+3

Saudi's Rime raises $2M+ seed to run AI agents on-site for retail chains

Aug 4, 2026

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1 min read

Saudi's Rime raises $2M+ seed to run AI agents on-site for retail chains

Seedra Ventures led again after backing the pre-Seed, in a round joined by Athlah Investment and Unity Invest Partners, behind a platform that runs decisions on-site through edge computing rather than sending footage to remote data centres.

Jamie Lane
Jamie Lane

News

+3

Notion acquires ZeroEntropy, the AI search startup co-founded by Moroccan CEO Ghita Houir Alami

Jul 25, 2026

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1 min read

Notion acquires ZeroEntropy, the AI search startup co-founded by Moroccan CEO Ghita Houir Alami

The whole team joins Notion, with Houir Alami taking over its Model Research group, roughly a year after the YC-backed company raised a $4.2 million Seed.

Jamie Lane
Jamie Lane

News

+3

Vercel acquires Stakpak, the Egyptian-born DevOps agent startup, as it builds out agentic infrastructure

Jul 16, 2026

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1 min read

Vercel acquires Stakpak, the Egyptian-born DevOps agent startup, as it builds out agentic infrastructure

The deal takes a team that bootstrapped out of Cairo for two years, built one of the most popular open-source DevOps agents, and raised a $500K pre-seed just last year into the $9.3 billion company behind Next.js and v0.

Jamie Lane
Jamie Lane

AI

+1

Inside the AI services boom

Jul 13, 2026

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5 min read

Inside the AI services boom

After nearly a decade leading Deliveroo’s Middle East operation, Anis Harb left to help business make AI work at scale. We sit down with the Algebra AI founder, fresh from a $7M raise, to talk managed AI services, leaner teams and the gap between a promising demo and measurable results.

Jamie Lane
Jamie Lane

China

+4

Abu Dhabi's BlueFive co-leads $3B round for China's Kling AI, the largest raise ever for a video model company

Jul 10, 2026

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2 min read

Abu Dhabi's BlueFive co-leads $3B round for China's Kling AI, the largest raise ever for a video model company

The round values Kuaishou's spun-out video-generation unit at $18B ahead of a planned Hong Kong listing, and puts the Abu Dhabi asset manager alongside Tencent, CITIC Securities and CPE as the only Middle East-based name among the co-leads of a record Chinese AI financing.

Jamie Lane
Jamie Lane

Jordan

+4

Jordan's ISSF partners with STV to bring the Google-backed AI Fund to Jordanian founders

Jul 10, 2026

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1 min read

Jordan's ISSF partners with STV to bring the Google-backed AI Fund to Jordanian founders

The tie-up marks ISSF's second fund partnership in a month after its $7 million commitment to Endeavor Catalyst V opened the Kingdom's second investment phase.

Jamie Lane
Jamie Lane

Analysis

+2

Tokenmaxxing and renting the frontier

Jul 1, 2026

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14 min read

Tokenmaxxing and renting the frontier

How are founders and operators building across MENA thinking about token-spending caps, frontier versus open source model usage, and export controls?

Jamie Lane
Jamie Lane

Startups

+3

1001 raises $30M Series A led by Lux Capital to build sovereign AI for Gulf critical infrastructure

Jun 30, 2026

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3 min read

1001 raises $30M Series A led by Lux Capital to build sovereign AI for Gulf critical infrastructure

Eight months after its $9 million seed, 1001 has more than tripled its raise, backing its pitch to build AI that helps operators run critical infrastructure like airports, ports and energy grids.

Jamie Lane
Jamie Lane

E-Commerce

+7

Revora and raises $2M seed to build an AI sales layer for ecommerce merchants

Jun 24, 2026

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1 min read

Revora and raises $2M seed to build an AI sales layer for ecommerce merchants

The round, co-led by Pakistan's i2i Ventures and Dubai's Oraseya Capital, backs a pivot from conversational-commerce tool to a broader AI platform, as the company leans into a Saudi market where it says revenue has grown tenfold since late 2024.

Jamie Lane
Jamie Lane

Funding

+4

Abu Dhabi's MGX raises close to $50B in one of the largest AI funds ever

Jun 24, 2026

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2 min read

Abu Dhabi's MGX raises close to $50B in one of the largest AI funds ever

The firm has assembled a portfolio spanning frontier models, semiconductor infrastructure and data centres, with stakes including OpenAI and xAI.

Jamie Lane
Jamie Lane

Startups

+4

UAE's CNTXT AI closes $60M Series A co-led by AI71 and BlueFive Capital to scale sovereign AI infrastructure

Jun 16, 2026

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1 min read

UAE's CNTXT AI closes $60M Series A co-led by AI71 and BlueFive Capital to scale sovereign AI infrastructure

The round is led in part by AI71, the Abu Dhabi applied-AI company that acquired founder Mohammad Abu Sheikh's previous venture and now returns as an investor, and lands weeks after CNTXT AI's acquisition of Gulf-dialect voice startup Actualize.

Jamie Lane
Jamie Lane

News

+2

Algebra AI emerges from stealth with $7M to bring managed AI operations to the GCC mid-market

Jun 9, 2026

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2 min read

Algebra AI emerges from stealth with $7M to bring managed AI operations to the GCC mid-market

Led by Anis Harb, former head of Deliveroo's Middle East business, the round was backed by Infinity Constellation, BECO Capital, Silicon Badia and Waseel Investments.

Jamie Lane
Jamie Lane

News

+4

Anthropic files for IPO after $65bn round at $965B valuation as QIA and MGX both deepen Gulf stakes

Jun 5, 2026

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2 min read

Anthropic files for IPO after $65bn round at $965B valuation as QIA and MGX both deepen Gulf stakes

The filing makes Anthropic the third major AI company to move toward a public listing in 2026, following Cerebras, which listed on the Nasdaq in May at a $70B valuation, and ahead of rival OpenAI.

Jamie Lane
Jamie Lane

Startups

+4

CNTXT AI acquires Actualize to power Arabic voice agents across the GCC

Jun 5, 2026

•

1 min read

CNTXT AI acquires Actualize to power Arabic voice agents across the GCC

Actualize develops Arabic voice models built natively for Gulf dialects with a research team drawn from Google, Nokia and Siemens.

Jamie Lane
Jamie Lane

E-Commerce

+5

Alabbar says AI will halve Noon's staff in three months

May 22, 2026

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2 min read

Alabbar says AI will halve Noon's staff in three months

The remarks at the Belgrade Business Summit follow Alabbar's earlier ambition to reduce Noon's driver headcount by half by 2027.

Jamie Lane
Jamie Lane

Public Markets

+3

Cerebras closes at $70B on Nasdaq debut as Abu Dhabi-fuelled AI chipmaker prices year's biggest IPO

May 15, 2026

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1 min read

Cerebras closes at $70B on Nasdaq debut as Abu Dhabi-fuelled AI chipmaker prices year's biggest IPO

Shares closed at $311 on their first day of trading on Thursday, up 68% from the $185 IPO price and briefly touching $385 before trading was halted for volatility.

Jamie Lane
Jamie Lane
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