Wamda ومضة

"Embracing AI is not just an option but a necessity for real estate businesses aiming to thrive in an increasingly competitive and technologically advanced landscape." ✍️ An article by Anna Skigin, co-founder of Frank Porter Read the full article on Wamda at https://bit.ly/4f8i85x #Startups #AI #Mena #RealEstate #Funding #Investments #ArtificialIntelligence

UAE-based Majarra مجرة, An Arabic digital content provider, has acquired the UAE-based NLP technology provider, Lableb لَبلِب, for an undisclosed amount. Founded in 2004 by Abdulsalam Haykal, Majarra is a mediatech company that provides Arabic content through the Majarra App. With a vast library of over 50,000 articles, videos, and audio content. Meanwhile, Lableb, founded in 2017 by Kinda Altarbouch, offers Arabic AI services and Natural Language Processing (NLP). Details at https://bit.ly/3zJtYD0 #Startups #Funding #Investments #UAE

Egypt-headquartered fintech dopay has closed a $13.5 million Series A extension round, topping up a previous $18 million Series A round raised in 2021. The new round is led by Argentem Creek Partners with participation from existing investors. Founded in 2014 by Frans van Eersel and Ahmed Nassef, Dopay, which is part of Hub71, offers a virtual banking platform that digitises cash payments from employers to workers and other beneficiaries. Details at https://bit.ly/3SghJnN #Startups #Mena #Fintech #Funding #Investments

"لا شك أن الجميع يرغب في إدارة ناجحة لأعماله، ولكن الصدارة تكون لأولئك الذين سارعوا فى تبني الذكاء الاصطناعى وتطويعه لخلق تحولات عميقة داخل أعمالهم في جميع القطاعات. وقطاع العقارات هو أحد أهم القطاعات التي أحدث الذكاء الاصطناعي طفرة بها، وسوف يستمر في تطويرها عن طريق تحسين قيمة العقار ومواءمة أفضل لاختيارات العميل." مقال بقلم آنا سكيجين Anna Skigin، المؤسس المشارك لفرانك بورتر Frank Porter

استحوذت شركة المحتوى العربي Majarra مجرة، ومقرها الإمارات العربية المتحدة، على شركة Lableb لَبلِب، المتخصصة في تقديم حلول الذكاء الاصطناعي باللغة العربية ومعالجة اللغة الطبيعية، في صفقة غير معلنة القيمة. تأسست شركة مجرة في عام 2004 على يد عبد السلام هيكل، وتقدم جميع أنواع المحتوى العربي المرئي والمقروء من خلال تطبيق مجرة، مع مكتبة واسعة تضم أكثر من 50000 مقال وفيديو ومحتوى صوتي. أما لبلب، التي أسستها كيندا الطربوش عام 2017، فتقدم خدمات الذكاء الاصطناعي العربي ومعالجة اللغات الطبيعية (NLP).

MENA based Technology distribution house, Muller & Phipps Middle East Group has acquired The UAE-based gaming and esports agency, PLG - Power League Gaming, for an undisclosed value. The acquisition will see Muller & Phipps inject investment into the business for scaling Dubai operations and expansion into Saudi Arabia in Q4 of 2024. Founded in 2013 by John Lacey, Power League Gaming provides an end-to-end solution for brands seeking to enter the Gaming sector and Publishers looking to engage audiences, whether this be through Esports events, content creation or omni-channel ecosystem development. #Startups #Mena #Funding #Investments

A worrying decline was the investment allocated for female-led startups, which recorded $1.8 million across 15 deals in H1 2024, down from $6 million raised by 22 startups in the previous year. Meanwhile, $760 million was invested in 170 male-led startups. For insights into H1 2024 developments, read the full report on Wamda at https://bit.ly/3VY0B7g #Startups #Investments #Funding #Mena

UAE-based IT solutions provider Swyt Solutions has concluded an undisclosed Seed round. Founded in 2022 by Edouard Bouvet, Swyt offers an all-in-one platform to simplify and secure IT operations for businesses. #Startups #UAE #Funding #Investments

UAE-based tokenisation platform Tokinvest has raised $500,000 in pre-Seed funding from several investors, including Michael Ourabah, CEO of BSO. Founded in 2024 by Scott Thiel and Matthew Blom, Tokinvest creates virtual tokens representing rights to assets to be offered through its marketplace that connects real-world asset issuers with investors globally. #Startups #UAE #Funding #Investments

UAE-based Web3-focused startup Sentient Labs has raised a $85 million Seed investment round, co-led by Pantera Capital, and Framework Ventures, joined by Arrington Capital, Canonical, dao5, among other investors. Founded in January 2024 by Sandeep Nailwal, Pramod Viswanath and Himanshu Tyagi, Sentient Labs is a blockchain-based AI startup that aims to democratise AI development, ensuring that AI benefits humanity as a whole. #Startups #Web3 #Funding #Investments