{"id":84182,"date":"2024-03-10T00:00:00","date_gmt":"2024-03-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/10\/leap-2024-attracts-50-more-investment-than-last-years-iteration\/"},"modified":"2024-03-10T00:00:00","modified_gmt":"2024-03-10T00:00:00","slug":"leap-2024-attracts-50-more-investment-than-last-years-iteration","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/10\/leap-2024-attracts-50-more-investment-than-last-years-iteration\/","title":{"rendered":"Leap 2024 attracts >50% more investment than last year\u2019s iteration"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Leap 2024 has drawn <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/leapandinnovate_leap24-leap24-leap24-activity-7171551470410973187-kemx\/?utm_source=share&utm_medium=member_ios\" style=\"\" rel=\"noopener\">USD 14 bn in tech investments<\/a><\/strong><strong> this year<\/strong> \u2014 up from last year\u2019s USD 9 bn \u2014 before wrapping up last Thursday. The event brought together 215k visitors (+25% y-o-y) while the number of speakers nearly doubled to 1.1k. <strong>Circle your calendars for next year\u2019s event slated for 10-13 February 2025.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Here\u2019s everything you need to know from the last day:<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Six startups took <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/leapandinnovate_rocketfuel-leapabratabrmalham-intonewworlds-activity-7171554989935345664-FK--\/?utm_source=share&utm_medium=member_ios\" style=\"\" rel=\"noopener\">Rocket Fuel awards<\/a><\/strong> worth a total of USD 1 mn:<\/p>\n<ul>\n<li>US-based<strong><a target=\"_blank\" href=\"https:\/\/reme-d-inc.com\/\" style=\"\" rel=\"noopener\">Reme-D<\/a><\/strong> received the USD 250k LEAP award;<\/li>\n<li>India\u2019s cleantech <strong><a target=\"_blank\" href=\"https:\/\/in.linkedin.com\/company\/newtracetech?trk=public_post_feed-actor-image\" style=\"\" rel=\"noopener\">Newtrace<\/a><\/strong> took a USD 150k shooting star award;<\/li>\n<li>US-based software developer <strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/accuer-inc.\" style=\"\" rel=\"noopener\">Playbook<\/a><\/strong> received the USD150k aviatrix award;<\/li>\n<li>South Korea\u2019s drone data startup <strong><a target=\"_blank\" href=\"https:\/\/angelswing.io\/en\/company\/\" style=\"\" rel=\"noopener\">Angelswing<\/a><\/strong> snagged a USD 150k technology for humanity award;<\/li>\n<li>Digital receipt service <strong><a target=\"_blank\" href=\"https:\/\/wateer.sa\/\" style=\"\" rel=\"noopener\">Wateer<\/a><\/strong> received the USD 150k into new worlds award;<\/li>\n<li>India\u2019s e-waste startup <strong><a target=\"_blank\" href=\"https:\/\/www.cerebracomputers.com\/\" style=\"\" rel=\"noopener\">Cerebra<\/a><\/strong> landed the USD 150k AI award.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- King Abdulaziz City for Science and Technology (KACST) inked <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2060716\" style=\"\" rel=\"noopener\">three separate<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2060716\" style=\"\" rel=\"noopener\">agreements<\/a><\/strong>with Chinese AI company <strong><a target=\"_blank\" href=\"https:\/\/www.sensetime.com\/en\" style=\"\" rel=\"noopener\">Sensetime<\/a><\/strong>, with <strong><a target=\"_blank\" href=\"https:\/\/www.cdtint.com\/\" style=\"\" rel=\"noopener\">CDT International<\/a><\/strong> to develop the semiconductor industry in the Kingdom, and with <strong>Stallrweif<\/strong><strong> Technologies<\/strong> for electronic chip design.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Prince Sultan University signed an agreement with homegrown AI company <\/strong><strong><a target=\"_blank\" href=\"https:\/\/intelmatix.ai\/\" style=\"\" rel=\"noopener\">Intelmatix<\/a><\/strong><strong> to launch the first AI initiative in the university<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2061293\" style=\"\" rel=\"noopener\">state news agency SPA<\/a> reports. No further information was provided.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Six startups won awards worth a total of USD 1 mn:<\/p>\n","protected":false},"author":1,"featured_media":84183,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2743],"tags":[1418,10,31,1419,2735,1420,179,2433],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-84182","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-careem","tag-enterpriseam-ksa","tag-investment-watch","tag-king-abdulaziz-city-for-science-and-technology-kacst","tag-leap","tag-prince-sultan-university","tag-startup-watch","tag-technology","wpautop","entry"],"acf":{"mongo_id":"a0560dfb-4dd3-4b86-bdf3-92ade74068ad","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/732.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Tech conference Leap attracted >50% more investment than did last year\u2019s iteration","related_issue":[84171],"teaser":"Six startups won awards worth a total of USD 1 mn:","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.98fc9f69-fa2b-428e-8f17-06ec4f450753.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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