Israeli fintech company acquired by Italian company for $150 million
Morning was originally founded in 2011 as “Green Invoice”.
Australian Vault Cloud’s Series B financing raised US$14 million net
The funding will help Vault Cloud develop AUKUS cloud capabilities, artificial intelligence-enhanced security and expand its cloud platform.
Saudi Arabian artificial intelligence infrastructure company OmniOps receives $8 million in financing
The funding round was led by GMS Capital Ventures and will be used to expand operations and improve the country’s R&D and artificial intelligence infrastructure.
Lebanon's Nasdaq-listed music streaming platform nets $55 million
The financing follows Anghami’s strategic partnership with UAE-based OSN Group in April 2024.
UAE-based banking startup Web3 raises $25 million in Series A funding
The funding is co-led by the Web3Port Foundation and Aptos Labs.
UAE renovation technology platform receives US$7 million in Series A financing
Revibe has been around for nearly two years and claims to have sold more than 80,000 items.
Indian hair care startup raises $4 million in Series A funding
Arata plans to use the funds to improve its research and development in hair and scalp care, expand marketing and recruit new talent.
Australian electric vehicle charging company raises US$45 million in net financing
The round was led by Mirova, with support from Clean Energy Finance, RACV and Kilara Capital.
EU approves Nvidia's $700 million acquisition of Israeli artificial intelligence company
The commission determined that the acquisition did not raise competition concerns, allowing the transaction to proceed.
Italy fines OpenAI more than $15 million for data privacy breach
The investigation showed that OpenAI processed user data without legal basis and lacked transparency.
Shenzhen commits US$68.6 million to artificial intelligence development
The Shenzhen Artificial Intelligence Funding Plan will take effect next Wednesday.
Animoca Brands' unaudited third-quarter revenue reaches $69 million
As of the third quarter of 2024, the company's year-to-date bookings reached $209 million.
Perplexity reportedly secures $500 million in financing
Perplexity's acquisition of Carbon is its second acquisition since its inception.
FinDev Canada commits $40 million to Creador
Creador VI is the sixth fund managed by Creador Management in the Indo-Pacific region.
SG and SV’s B2B financial technology platform received US$3.13 million in financing
Fairbanc has provided financing to more than 250,000 merchants in Indonesia, many of whom do not have bank accounts.
By 2030, the global waist and spine orthotics market will reach US$595.4 million
Photo by Nwato This is driven by rising prevalence of musculoskeletal disorders. According to Research and Markets, the global lumbosacral orthotics (LSO) market is expected to reach US$595.4 million by 2030, growing
Cases of severe asthma will reach 1.89 million in eight major markets by 2033
This increase has been attributed to population growth and lower asthma-related mortality. GlobalData data shows that 12-month confirmed cases of severe asthma in eight major markets (8MM) are expected to grow at
India's Zetwerk raises US$70 million, plans IPO
Co-founder and CEO Amrit Acharya said Zetwerk plans an IPO within 12 to 18 months.
Southeast Asian AI startups receive $170 million in investment amid $60 billion global tech boom
There were only 122 AI financing deals in Southeast Asia, far fewer than the 1,845 in Asia Pacific.
Insurtech unicorn Bolttech receives over $100 million in Series C funding
The round, led by Dragon Fund and managed by Liquidity and MUFG, values the company at $2.1 billion.
Israeli financial technology company Justt receives US$30 million in Series C financing
The company aims to become profitable by 2027 and reduce its headcount from 200 to about 100 people.
Cryptocurrency thefts will surge 21% in 2024, reaching $220 million, report says
Most attacks target centralized platforms, exploiting private key vulnerabilities.
Saudi Arabia hospital bed market to reach USD 97.9 million by 2029
Staff reporter , Saudi Arabia Photo by Nwato Thanks to the country’s efforts in medical tourism. According to Research and Markets, the hospital bed market in Saudi Arabia is expected to grow
Israeli artificial intelligence company Decart received US$32 million in Series A financing
Decart’s Series A valuation is approximately US$500 million, a significant increase from the previous round.