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Funding rounds, product launches, expansions and founder moves from the Emirates' startup scene, reported as they happen. From Dubai and Abu Dhabi to the Northern Emirates, we track the young companies raising capital, winning customers and building across the UAE.
FINANCE
Omani trade finance platform mamun has raised $3 million in a seed round led by Phaze Ventures through its Oman Fund. The Sharia-compliant platform will scale its AI-native underwriting for trade along the Greater Bay Area, Oman and UAE corridor.
STARTUPS
Pune-based Clinics On Cloud has raised $12.5 million in a Series A round from Dubai-based Model42, its first institutional funding after eight years bootstrapped. The UAE will serve as its global expansion hub as it takes its Health ATMs to Africa, the United States and Southeast Asia.
STARTUPS
Cars24 has brought Dubai premium used-car retailer Alba Cars into its global group, combining digital car sales with a premium showroom business. Together the two businesses retail more than 1,000 vehicles a month across the UAE.
FINANCE
DPI Venture Capital has announced the final close of the Nclude Fund at over $112 million. The fund will back technology startups across Africa and the Middle East, with Egypt as its core market and 30 percent of its mandate available outside Egypt.
ARTIFICIAL INTELLIGENCE
Protectt.ai has taken a majority stake in AIShield, the AI security platform incubated at Bosch, which will now operate as an independent company.
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Funding rounds, launches and founder moves from Dubai, Abu Dhabi and across the Emirates, in one sharp email each week.
ARTIFICIAL INTELLIGENCE
Healthpoint, part of M42, will deploy Proximie's real-time surgical intelligence across its Abu Dhabi operating rooms.
STARTUPS
UAE-founded healthtech Vitalls has secured a US$1.5 million seed commitment from Singapore-based EST Growmore, with an option for a further US$1 million, to develop and roll out its AI-powered digital health passport.
FINANCE
Singapore's Chocolate Finance has launched in the UAE, offering 4.4% a year on dirham and dollar cash for residents and non-residents alike, through its own UAE-regulated income fund.
ARTIFICIAL INTELLIGENCE
Dubai-based Ayan has raised Dh2.2 million in pre-seed funding from strategic global business angels to scale its AI platform that tracks how AI assistants describe brands to shoppers.
ARTIFICIAL INTELLIGENCE
Dubai-based Popcorn AI Studio has secured $1 million in pre-seed funding led by Emirati investor Mohammed Bin Bouta Alharsoosi to scale its AI filmmaking platform across MENA.
QOJO.
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