Startups

As artificial intelligence continues to reshape industries at breakneck speed, FollowICT presents a weekly roundup of the most consequential developments in the AI landscape—from corporate shakeups to geopolitical tensions. OpenAI’s…
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As Africa’s digital economy accelerates, a wave of innovation is sweeping across the continent’s startup ecosystem. From Nigeria to South Africa, emerging companies are redefining education, commerce, agriculture, and travel. Here’s a…
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The Technology Innovation and Entrepreneurship Center (TIEC), of the Information Technology Industry Development Agency (ITIDA), has welcomed a new cohort of tech startups under the 47th round of its flagship incubation program, Start IT.…
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F6 Group, a newly formed entity integrating venture capital and entrepreneurial support, announces its official launch, anchored by two powerful arms: F6 Ventures, a newly launched seed-stage investment firm, and Flat6Labs, the region’s…
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Alaan, a UAE-based spend management platform, announced Tuesday that it has raised $48 million in an oversubscribed Series A funding round to accelerate its expansion in Saudi Arabia and enhance its suite of artificial intelligence…
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Suplyd, the Cairo-based digital procurement platform for restaurants, announced the successful raise of $2 million in a pre-Series A funding round. The investment was led by 4DX Ventures, Camel Ventures, and Plus VC, with participation from…
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EdfaPay, a pioneering digital payment solutions provider, today proudly announced a landmark achievement: securing the coveted "PCI Mobile Payments on COTS (MPoC) Solutions," "PCI MPoC Software," and "PCI MPoC Services" certifications from…
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Data Guardians Network (D-GN), a decentralized platform transforming global human input into highly accurate, ethically sourced frontier training data for AI, has closed a US$5 million pre-seed round led by Saudi businessman Hamoud…
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Saudi-based personalized meal subscription platform Calo has secured $39 million in a Series B funding extension round, bringing its total Series B funding to $64 million. Latest funding round The latest funding round brings Calo’s…
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The artificial intelligence (AI) realm witnesses rapid developments around the world, reshaping the world of digital transformation and accelerating the pace of AI adoption. In this weekly newsletter, FollowICT is highlighting the most…
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