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AI + Innovation (MENA) 
Infrastructure 
Meet our founder of the week: Synapse Analytics’ Galal Elbeshbishy
Synapse Analytics is an AI-powered decisioning platform
Saudi-Egyptian alliance mull local startup MazAid stake, while Akhdar, Awfar, and OBM Education secure Saudi funds
The Saudi-Egyptian alliance is looking to acquire nearly half of the homegrown startup
Homegrown chip designer Pearl Semiconductor secures USD 4.5 mn investment. PLUS: Acacia invests in Senegal.
Sawari Ventures, Shorooq Partners, and QBN Capital all invested in the semiconductor company
Ins. startup Amenli raises USD 1 mn round
The company is hoping the new funds will allow them to expand into B2B2C
Intella closes USD 3.4 mn seed round led by Saudi VCs
The fresh funds are fueling Intella’s expansion into Saudi
Fintech platform Neqabty closes USD 550k seed round led by Saudi wealth fund
Sanabil previously backed the fintech startup via its Sanabil 500 MENA Seed Accelerator
Meet our founder of the week: Farah El Charkawy, Fôu’s co-founder and executive pastry chef
Fôu is an online pastry boutique selling artisanal French pastries
Beltone Venture Capital acquires 20% of home decor brand Ariika
Ariika will use the EGP 31 mn in fresh capital to expand in Saudi Arabia and increase export volumes
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