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AI + Innovation (MENA) 
Infrastructure 
Silkhaus raises seven-figure funding round + Maalexi secures USD 3 mn credit facility
Silkhaus raised the funds to support its expansion into Saudi Arabia
The UAE saw the most startup investments in the region in 2024 -Wamda
Fintech was the leading sector in the UAE last year with USD 265 mn
Pluto secures USD 4.1 mn pre-Series A to fuel KSA expansion
Pluto first announced its Saudi Arabia expansion plans last September through a partnership with Saudi fintech neoleap
Qora71 backs Basetwo in USD 11.5 mn Series A round
The company will use the funding to develop its AutoPilot technology for autonomous, real-time manufacturing control
Gender gap in VC funding widens as AI companies dominate
Funds targeting female founders are going through a rough patch
Global Ventures invests in tech subscription startup Zension’s USD 30 mn funding round
Aramco’s Wa’ed Ventures and Japan’s Sumitomo also participated
Nuwa Capital leads Riyadh-based foodtech Calo’s USD 25 mn series B round
Calo will use the funding to grow its footprint in the GCC’s meal-subscription market
Refurb tech startup Revibe closed a USD 7 mn series A funding round
The investment will support its expansion in emerging markets
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