Egyptian-Saudi AI startup Velents secures USD 1.5 mn in funding
The funds will be funneled into R&D, team expansion, and cloud infrastructure development
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The funds will be funneled into R&D, team expansion, and cloud infrastructure development
The funds will be used to drive the firm’s regional expansion and AI adoption
Plus: Starwood Capital to set up shop in DIFC
The Saudi consulting market growth decelerated to 12% last year, down from 25% in 2023
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Chipmakers and tech indices gained over USD 200 bn in market value in a single session on the news
The round was led by Merak Capital
The funding will help launch new products, expand its team, and strengthen its technology
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