Mansoor Al Marar, Vice President of Industrial Business Development at Khalifa Economic Zones Abu Dhabi (KEZAD Group), has highlighted the UAE's compelling investment climate.

The country's ease of doing business, cultural diversity, safety, and stability make it an attractive destination for entrepreneurs and investors worldwide.

Al Marar emphasized Abu Dhabi's strategic role in the Belt and Road Initiative as a gateway to the Middle East and beyond.

He underscored the UAE's commitment to diversifying its economy beyond oil and gas and its development of world-class infrastructure to support various industries.

The UAE's extensive logistics network, spanning over 40 countries, and its integrated industrial zones, covering 550 square kilometers, provide a conducive environment for businesses.

KIZAD, with its digital platform and integrated services, aims to facilitate global trade and connect markets.

The "Operation 300bn" project, launched to stimulate the UAE's industrial sector, offers further incentives for investors. Al Marar called for investment in the UAE, highlighting its flexible business environment, diverse range of business activities, and comprehensive economic partnership agreements with several countries.

KEZAD remains committed to supporting investor growth in Abu Dhabi by providing the necessary tools and resources to achieve their goals. In addition to its world-class infrastructure, KIZAD offers a range of benefits to investors, including:

• Simplified procedures: KIZAD has streamlined its processes to make it easier for investors to set up and operate businesses.
  
  
• Competitive costs: KIZAD offers competitive land and utility rates, making it an attractive option for businesses looking to reduce their costs.
  
  
• Skilled workforce: The UAE has a highly skilled workforce, which can be a valuable asset for businesses.
  
  
• Supportive government: The UAE government is committed to supporting businesses and promoting economic growth.

With its attractive investment climate and comprehensive range of benefits, the UAE is an ideal location for businesses looking to expand their operations.

The United Arab Emirates (UAE) has emerged as a leading destination for businesses looking to innovate, embrace AI, and thrive in an entrepreneurial environment. This surge in investor interest is reflected in the country's improved rankings on global business and investment attractiveness indexes.

The UAE actively fosters a business-friendly environment through a variety of incentives and streamlined processes:

1. 15-Minute Business Setup: Streamlined services through the Basher platform allow for quick and easy business registration, eliminating the need for multiple visits to government offices.

2. 100% Foreign Ownership: Following legal reforms, foreign investors can now fully own and establish companies throughout the UAE, without requiring a local Emirati partner.

3. 40+ Flexible Free Zones: The UAE boasts a wide range of free zones offering various benefits, including 100% foreign ownership and the freedom to choose the most suitable location for your business needs.

4. Diverse Investment Opportunities: With over 2,000 economic activities open for foreign investment, the UAE caters to a broad spectrum of industries, from trade and agriculture to technology and education.

5. Multiple Business Structures: The UAE offers various legal structures for companies, including public and private joint-stock companies, limited liability companies, and more.

6. No Local Agent Requirement: Foreign companies can now set up branches and operate in the UAE without the need for a local agent, simplifying the process and fostering transparency.

7. Full Control for Investors: Foreign investors have complete control over their company shares and board composition, with no mandatory Emirati involvement unless specified by law.

8. No Minimum Capital Requirement: Limited liability companies are not bound by a minimum capital requirement, offering greater flexibility for startups and entrepreneurs.

9. Tax-Free Environment: The UAE boasts a zero personal income tax rate and allows for full profit repatriation, making it an attractive location for maximizing returns.

10. Golden Residency Visas: The UAE offers long-term residency visas for investors, entrepreneurs, and skilled professionals, enabling them to establish businesses, live, and work in the country.

11. Access to Skilled Talent: The UAE's flexible labor policies and focus on fostering talent create an environment rich in skilled professionals across various sectors.

12. Low Trade Tariffs: With government tariffs ranging from 0 to 5%, the UAE is a global center for trade, ranking highly in both global and regional re-exports.

13. Industrial Sector Incentives: The UAE provides a comprehensive package of incentives for industrial and technology companies, including competitive financing, strategic tariffs, customs exemptions, and support programs.

By fostering innovation, offering ease of doing business, and providing a wealth of incentives, the UAE has cemented its position as a global hub for business and investment.

Dubai-based AI startup Sentient Labs has secured a whopping $85 million in seed funding, marking a significant stride towards its ambitious goal of democratizing artificial intelligence (AI) development.

This funding round, co-led by heavyweight venture capital firms like Founders Fund, Pantera Capital, and Framework Ventures, signifies the growing interest in fostering a more inclusive and collaborative AI ecosystem.

The influx of capital will allow Sentient Labs to accelerate the development of its open-source AI platform. This platform aims to break down barriers to entry in the field of AI development, making it more accessible to a wider range of contributors.

By leveraging blockchain technology, the platform incentivizes participation by rewarding those who contribute data, labeling tasks, and other critical aspects of training AI models. This fosters a collaborative environment where everyone benefits from the collective effort.

Founded in early 2024 by a team with a unique blend of expertise, Sentient Labs stands out from the crowd. Sandeep Nailwal, co-founder of Polygon Labs, brings his experience in blockchain technology, while Pramod Viswanath and Himanshu Tyagi contribute their academic backgrounds in AI research.

This combination positions Sentient Labs to bridge the gap between cutting-edge research and practical application.

Perhaps the most striking aspect of Sentient Labs' approach is its commitment to open-source development. In stark contrast to the closed-source or semi-closed models employed by tech giants like OpenAI, Google, and Meta, Sentient Labs champions transparency and fairness.

Their open-source platform allows anyone to contribute and benefit from the collective intelligence being built. This approach mitigates the risk of AI development being monopolized by a handful of large corporations, ensuring a more equitable distribution of the benefits of this transformative technology.

"We're not just another AI project," emphasizes co-founder Himanshu Tyagi. "We're building an open world through blockchain to achieve transparency and fairness.

When our AI is used, everyone who contributed will be rewarded through the blockchain protocol." This statement underscores Sentient Labs' commitment to building a future where AI development is a collaborative endeavor, driven by a shared vision of harnessing AI's potential for the betterment of humanity.

The substantial seed funding secured by Sentient Labs is a testament to the growing recognition that blockchain technology holds immense potential to revolutionize the way AI is developed and deployed.

This open-source approach has the power to democratize AI development, fostering a more inclusive and collaborative landscape where everyone can contribute and benefit from the advancements in artificial intelligence.

UAE-based proptech Keyper has raised $4 million in equity in a pre-Series A round, led by BECO Capital and Middle East Venture Partners (MEVP), with participation from existing investors Vivium Holding, Jabbar Group, Signature Developers, and new investors Annex Investments, Pin Investment, and Al Qahtani Investment, among other angels.

The company has also received an additional $30 million in Shariah-compliant Sukuk financing from global asset manager Franklin Templeton Investments (ME) Ltd., bringing its cumulative capital raised to-date to over $40 million.

Founded by Omar Abu Innab and Walid Shihabi in 2022, Keyper offers a property management platform where tenants can track their expenses and charge online, and investors get real estate portfolios and access to data-driven insights.

Keyper will invest the fresh funds into digitising the rental experience in the UAE and scaling its innovative Rent Now, Pay Later (RNPL) solution.

Last October, Keyper raised a $6.5 million Seed round.

Press release:

Leading UAE Prop-Tech company, Keyper, announces a pre-series A capital raise of $4 million in equity. This round was led by top regional venture capital firms BECO Capital and Middle East Venture Partners (MEVP), with participation from existing investors; Vivium Holding, Jabbar Group, Signature Developers, and new investors; Annex Investments, Pin Investment, and Al Qahtani Investment, among other strategic angels.

The company also signed a term sheet agreement for an additional $30 million in Shariah-compliant Sukuk financing from global asset manager Franklin Templeton Investments (ME) Ltd., bringing its cumulative capital raised to-date to over $40 million. Keyper will invest the fresh funds into digitising the rental experience in the UAE and scaling its innovative Rent Now, Pay Later (RNPL) solution. The Sukuk proceeds will enable landlords to receive annual rents upfront and offer tenants the flexibility of paying rent in monthly instalments via credit/debit cards and other convenient digital payment methods.

Omar Abu Innab, Co-Founder and CEO of Keyper, expressed, "Keyper is transforming what it means to interact with real estate in the UAE. For Landlords, we offer a convenient property ownership experience, thanks to our property management application and innovative financial services, such as giving Landlords the ability to access their entire portfolio rental income at any point during the lease. For Tenants, they can have a fully digital experience to pay their rent monthly and manage their tenancy, eradicating the need for upfront payments via outdated bank checks.”

Keyper achieved significant milestones in 2024, including onboarding more than 3,000 residential units worth $2 billion, processing over $10 million in annual rent payments, and deploying over $1 million in annual rent facilitation through its RNPL product. As part of its push to improve property ownership & rental experiences, Keyper has already launched innovative features such as “similar transactions” that allow landlords to keep track of market sales and rental transactions relevant to their portfolio.

Dany Farha, Co-Founder and CEO of BECO Capital, says, “We are very excited to back a strong team, with diverse and deep domain expertise at the intersection of real estate and finance, innovating in the prop-tech sector on the global stage, and working very hard to find ways to offer a transformational value proposition to its customers in an efficient and profitable manner, which aligns perfectly with our thesis on both prop-tech and embedded finance that has many of the most desirable attributes that we seek.”

Mohieddine Kronfol, CIO of Global Sukuk and MENA Fixed Income at Franklin Templeton, “We are pleased to enter into an understanding to solely lead Keyper’s innovative multi-tranche sukuk to fund its RNPL service, which simultaneously complements our global sukuk and private market strategies,” said Mohieddine Kronfol. “Once concluded, the transaction will further highlight the exciting opportunities our private credit team sees across the region."

As to what’s next, Keyper plans to further disrupt real estate with cutting-edge financial & rental solutions, to make rent processing and payments seamless, flexible, and digital, and expand its services to Abu Dhabi. The company is also advancing partnerships in fintech, payments, tenant screening, and strengthening data collaborations with real estate entities and regulators.

Keyper's commitment to disrupting the rental process continues to have a significant impact on both landlords and tenants, reinforcing its position as an innovation leader in the real estate sector.

Source: Wamda

The UAE has witnessed a significant increase in its overseas investments, with the total assets managed by the UAE International Investors Council (UAEIIC) reaching $2.5 trillion. This surge in overseas investments reflects the UAE's growing presence in the global economy and its strategic approach to diversifying investment portfolios.

UAE International Investors Council (UAEIIC)

The UAEIIC plays a pivotal role in managing the UAE's overseas investments, providing strategic guidance, risk management, and investment opportunities for UAE-based investors. The council focuses on enhancing the UAE's international investment footprint and fostering economic growth through diversified investment strategies.

Total Assets and Investments

The UAEIIC manages a substantial portfolio of assets totaling $2.5 trillion, spread across various sectors and regions globally. The council's investments encompass a diverse range of industries, including technology, real estate, infrastructure, and emerging markets, reflecting a balanced and strategic approach to portfolio management.

Factors Driving Overseas Investments

Several factors have contributed to the rise in UAE's overseas investments, including favorable economic conditions, political stability, and strategic partnerships with key global players. The UAE's proactive investment strategy, coupled with a focus on long-term growth and risk management, has positioned the country as a prominent player in the international investment landscape.

Investment Strategies

The UAEIIC employs a range of investment strategies to optimize returns, mitigate risks, and capitalize on emerging opportunities in global markets. Diversification across sectors and regions, active portfolio management, and a focus on sustainable growth are key pillars of the council's investment approach, ensuring resilience and long-term value creation.

Key Sectors and Regions

The UAEIIC targets key sectors and regions for investments based on market trends, growth potential, and strategic alignment with the UAE's economic priorities. Emerging markets, technology-driven industries, real estate developments, and infrastructure projects are among the focus areas for the council, reflecting a forward-thinking and diversified investment strategy.

Impact on the UAE Economy

The surge in overseas investments has had a positive impact on the UAE economy, contributing to economic growth, job creation, and sectoral diversification. The influx of capital from overseas investments has bolstered the country's position as a global investment hub and facilitated the development of strategic partnerships and business collaborations on an international scale.

Global Investment Trends

UAE's investment trends align with global patterns, reflecting a strategic approach to capital deployment, risk management, and market opportunities. The country's investments in diverse sectors and regions mirror international investment strategies, demonstrating a keen understanding of market dynamics and a proactive stance in navigating global economic trends.

Challenges and Opportunities

While UAE investors face challenges in overseas markets, such as regulatory complexities, market volatility, and geopolitical risks, they also encounter opportunities for growth, expansion, and strategic partnerships. By leveraging its expertise, resources, and network of connections, the UAE is well-positioned to capitalize on emerging opportunities and navigate challenges in the global investment landscape.

Government Support and Policies

The UAE government plays a crucial role in supporting overseas investments through policies, incentives, and initiatives that facilitate investment activities and promote economic growth. By creating a conducive regulatory environment, offering financial incentives, and fostering a culture of innovation and entrepreneurship, the government encourages UAE investors to explore new markets and expand their global footprint.

Industry Response and Stakeholder Perspectives

Industry stakeholders have responded positively to the rise in UAE's overseas investments, recognizing the country's strategic vision, investment acumen, and global impact. Investors, analysts, and business leaders view the UAE's increasing presence in international markets as a testament to its economic strength, resilience, and commitment to sustainable growth.

Future Outlook

Looking ahead, the future of UAE's overseas investments appears promising, with opportunities for continued growth, expansion, and strategic partnerships on a global scale. By leveraging its financial resources, expertise, and market insights, the UAE is poised to navigate evolving market dynamics, capitalize on emerging trends, and solidify its position as a key player in the global investment landscape.

The rise in UAE's overseas investments, with total assets at $2.5 trillion managed by the UAEIIC, underscores the country's strategic approach to international investment and economic diversification. By fostering a culture of innovation, embracing global opportunities, and leveraging its financial capabilities, the UAE is well-positioned to drive economic growth, create value for investors, and shape the future of the global economy.

SVC, a key player in the venture capital space, recently made a significant investment of $30 million in Olive Rock Partners Fund I. This investment not only highlights SVC's commitment to supporting innovative startups but also underscores the importance of venture capital investments in driving growth and innovation in the startup ecosystem.

SVC: Company Profile

SVC is a dynamic venture capital firm known for its strategic investments in high-growth startups across various sectors. With a focus on technology, innovation, and disruptive business models, SVC has a track record of successful investments and a diverse portfolio of companies that have thrived under its guidance.

Olive Rock Partners Fund I

Olive Rock Partners Fund I is a venture capital fund with a focus on investing in early-stage startups with high growth potential. The fund's investment thesis revolves around supporting innovative entrepreneurs, disruptive technologies, and market-leading solutions in sectors such as technology, healthcare, and sustainability.

$30 Million Investment Details

The $30 million investment by SVC in Olive Rock Partners Fund I will provide the fund with additional capital to support its investment strategies, portfolio companies, and growth initiatives. The strategic rationale behind the investment lies in the alignment of investment philosophies, growth objectives, and market opportunities.

Utilization of Funds

Olive Rock Partners Fund I plans to utilize the investment to fuel its growth initiatives, expand its portfolio, and create value for its portfolio companies. The funds will support the fund's mission to identify and nurture innovative startups, drive industry disruption, and contribute to the growth of the startup ecosystem.

Impact of the Investment

The $30 million investment by SVC will have a transformative impact on Olive Rock Partners Fund I, enabling the fund to accelerate its growth, enhance its market positioning, and create value for its portfolio companies. The investment will support Olive Rock Partners Fund I's mission to drive innovation, support entrepreneurs, and foster industry disruption.

Investor Insights and Support

Investors backing Olive Rock Partners Fund I bring valuable insights, expertise, and support to the fund, contributing to its success and growth trajectory. Their perspectives on the fund's investment focus, value proposition, and market potential underscore the fund's position as a leading player in the venture capital landscape, with promising opportunities for future growth and success.

Venture Capital Landscape

The venture capital landscape is dynamic and evolving, with opportunities for venture capital firms like Olive Rock Partners Fund I to thrive and make a significant impact. By staying abreast of market trends, identifying emerging sectors, and leveraging strategic partnerships, Olive Rock Partners Fund I can navigate challenges and capitalize on growth opportunities in the competitive market.

Strategic Investment Focus

Olive Rock Partners Fund I maintains a strategic focus on key investment areas, including technology, healthcare, sustainability, and other sectors with high growth potential. By targeting innovative startups, disruptive technologies, and market-leading solutions, Olive Rock Partners Fund I aims to support entrepreneurs and drive industry transformation and innovation.

Portfolio Management and Value Creation

Effective portfolio management and value creation are essential components of Olive Rock Partners Fund I's investment strategy. By providing strategic guidance, operational support, and growth opportunities to its portfolio companies, Olive Rock Partners Fund I aims to maximize value, drive sustainable growth, and position its investments for long-term success and market leadership.

Market Expansion Strategies

To expand its market reach and enhance its ecosystem engagement, Olive Rock Partners Fund I will focus on strategic partnerships, collaborations, and industry alliances. By fostering relationships with key stakeholders, investors, and industry players, Olive Rock Partners Fund I can leverage synergies, access new markets, and create value for its portfolio companies and the broader startup ecosystem.

Tech Innovation and Disruption

Olive Rock Partners Fund I plays a crucial role in fostering tech innovation and disruption by investing in cutting-edge technologies, startups, and disruptive business models. By supporting entrepreneurs with bold ideas, transformative solutions, and market-changing innovations, Olive Rock Partners Fund I contributes to industry disruption, economic growth, and technological advancement.

Sustainable Growth Strategies

Sustainable growth strategies are at the core of Olive Rock Partners Fund I's approach to investment and portfolio management. By focusing on scalability, long-term value creation, and impact-driven investments, Olive Rock Partners Fund I aims to support startups that have the potential to drive sustainable growth, create jobs, and contribute to the development of the startup ecosystem.

Industry Impact and Influence

Olive Rock Partners Fund I's influence on the industry and startup ecosystem is significant, with contributions to innovation, entrepreneurship, and economic development. By supporting startups, driving industry disruption, and fostering a culture of innovation, Olive Rock Partners Fund I plays a pivotal role in shaping the future of the venture capital landscape and driving positive change in the industry.

Future Growth Prospects

Looking ahead, Olive Rock Partners Fund I is well-positioned for continued growth, market leadership, and industry influence. With a strong foundation, strategic vision, and investor support, Olive Rock Partners Fund I is poised to capitalize on emerging opportunities, navigate challenges, and drive sustainable growth in the dynamic venture capital landscape, shaping the future of innovation and entrepreneurship.

In conclusion, the $30 million investment by SVC in Olive Rock Partners Fund I marks a significant milestone for both the fund and the venture capital landscape. By leveraging the investment, pursuing strategic initiatives, and staying true to its commitment to innovation, value creation, and industry impact, Olive Rock Partners Fund I is poised to achieve new heights of success, drive industry disruption, and contribute to the growth and development of the startup ecosystem.

UAE-based cloud kitchen startup The Cloud has taken a significant step towards solidifying its position as a global leader in the food tech industry. The company recently secured $12 million in its Series B funding round, led by MENA Moonshots. This latest investment brings their total funding to $22 million, following a previous $10 million Series A round and debt financing from Aluna Partners.

The secured funds will be instrumental in fueling The Cloud's ambitious global expansion plans. A key element of this strategy is the recent acquisition of UK-based food tech company KBOX. This strategic move strengthens The Cloud's presence in the international market, adding 200 locations to its existing network. With the acquisition, The Cloud now boasts a total of 200 locations across 7 countries and 91 cities.

Beyond geographical expansion, The Cloud remains dedicated to its core mission of redefining the virtual dining landscape.
The company's innovative approach connects restaurant owners with external food delivery companies, optimizing kitchen utilization and fostering a collaborative environment within the food tech sector. This unique business model positions The Cloud as a disruptor in the industry, constantly seeking to drive innovation and enhance the dining experience for both consumers and restaurant partners.

Key Highlights:

• Funding:Secured $12 million in Series B round, led by MENA Moonshots, bringing total funding to $22 million.
• Acquisition:Acquired KBOX, a UK-based food tech company, expanding The Cloud's network by 200 locations.
• Expansion:Aims to reach a global presence of 8,000 locations by 2027.
• Future:Exploring the possibility of a dual listing in Abu Dhabi and Riyadh.

Quotes:

• Georges Karam, CEO of The Cloud:"Our Series B funding and the KBOX acquisition reinforce our position as innovators in the global food tech landscape. With a strong financial backing and a strategic acquisition under our belt, we are now focused on further enhancing our market presence in the UAE and beyond."
  
  
• Stefano Sciacca, Managing Director at Aluna Partners:"We believe that The Cloud will gain a significant market share in the UK market through the acquisition of KBOX. Having looked at many food tech business models, we believe The Cloud is emerging as a global market leader and are excited to support such a fast-growing venture."

The Cloud's recent achievements demonstrate its commitment to growth, innovation, and leadership within the food tech industry. With a robust business model, a strategic acquisition strategy, and a clear vision for the future, The Cloud is well-positioned to achieve its ambitious goals and continue shaping the landscape of virtual dining on a global scale.

The Middle East and North Africa region saw sizable startup activity from its top three regional ecosystems of Saudi Arabia, UAE, and Egypt as January came to end.

The Kingdom led this weeks’ movement with two startups raising significant funding sums. Saudi Arabia’s peer-to-peer car rental platform Ejaro secured SR12.3 million ($3.27 million) in a pre-series A funding round spearheaded by the Riyadh-based insurance company Tawuniya and several angel investors.

This fresh influx of capital is earmarked for bolstering Ejaro’s development and expansion strategies.

Founded in 2019 by Mohammed Khashoggi, the company provides car-sharing services to enable individuals to generate additional sources of income.

“Completing this funding round alongside our strategic partnerships reflects our commitment to innovation and meeting the needs of our customers. We are not only working to change the concept of car sharing in the Kingdom but also striving to be leaders in the insurance sector through cooperation with Tawuniya, Najm, and Absher, a pivotal step towards supporting economic growth and innovation in line with Saudi Vision 2030,” Khashoggi said.

Fahad bin Maamar, CEO of Investments at Tawuniya, underscored their confidence in Ejaro’s innovative approach to car-sharing, viewing it as a crucial partner in transforming the mobility landscape across the Gulf Cooperation Council region.

The platform claims to have facilitated over 25,000 days of trips, indicating a growing demand for its services. Moreover, it has enabled more than 100 hosts to collectively earn over SR2.5 million in less than two years, showcasing the tangible benefits and impact of its innovative car-sharing and rental solutions.

Saudi edtech startup iStoria secures $1.3m in funding

Saudi Arabia’s educational technology sector continues to garner investor interest as iStoria secured SR5 million in a seed funding round.

This investment in the app, which specializes in English language learning, involved multiple regional players, including Saudi Arabia’s venture capital firms Nama Ventures and BIM Ventures, US-based edtech Classera, Egypt-based Flat6Labs, and various angel investors.

The investment will enable the enhancement of the app’s features and aid in expanding its global footprint.

Founded by Abdullah Al-Jaberi in 2022, iStoria has quickly gained a substantial user base, surpassing 1 million learners globally.

The company’s approach to English language education focuses on vocabulary building through reading stories at various levels, with comprehension questions and vocabulary tests.

This method prepares learners for global language tests and offers a continually updated and enriching learning experience. The company also achieved a satisfaction rate of 4.6 out of five in the app store. Its recent growth has been bolstered by expanding its services to organizations, including contracts with numerous private and public schools, where it has been integrated into educational curriculums, allowing for direct supervision.

“We are pleased with the conclusion of this investment round. Through this funding, we will continue to pursue our goal of enabling individuals to communicate effectively and confidently in English,” Al-Jaberi said.

He added: “We are optimistic and look forward to the next phase of the application’s growth and the impact we can create, primarily through offering services to organizations and expanding worldwide.”

The company also raised an undisclosed pre-seed funding round from Nama Ventures in 2022 to bolster its operations.

The edtech sector has emerged as one of the top five most-funded sectors in Saudi Arabia. In 2023, the industry saw a total of $50 million raised by Saudi-based startups, a 6 percent growth from the year before. Furthermore, in 2022, the sector witnessed substantial growth, surging by 2,069 percent compared to the previous year.

Egypt’s Roboost raises $3m to boost expansion

Egypt’s artificial intelligence-driven logistics startup, Roboost, completed a $3 million investment round led by Silicon Badia, with contributions from RZM Investment, Flat6Labs, and Saudi Angel Investors.

Founded in 2018 by Mohamed Gessraha, Hassan Gessraha and Mohamed Sadek, Roboost provides AI-powered delivery solutions in Egypt, Saudi Arabia, Kuwait, Morocco, and Tunisia.

The company aims to utilize its capital to further boost its regional presence with a new phase of expansion. The company currently serves leading brands such as McDonald’s Egypt and Kuwait, Buffalo Burger, El Ezaby Pharmacies, and Jumlaty.

Employing proprietary machine learning algorithms, Roboost’s innovation includes pre-delivery technology that enables precision auto-dispatching and smart routes for delivery personnel, optimizing the process for the substantial portion of orders placed offline.

The platform’s suite of tools also features real-time dynamic fleet payroll, and comprehensive customer insights through heat maps and analytics, all aimed at enhancing customer satisfaction. Additionally, Roboost’s AI fleet control offers advanced fraud detection capabilities.

The company claims to provide operational efficiency to its clients with a network of over 15,000 delivery drivers, serving nearly 10 million unique customers, and automating more than 40 million orders. The company says its solutions have doubled delivery speeds by reducing inefficiencies and achieved task automation rates of 99.8 percent.

Furthermore, Roboost has succeeded in decreasing order returns by over 80 percent and operational costs by 30 percent, while also improving average driver productivity by 40 percent and maintaining fraud levels below 5 percent.

UAE’s Plant & Equipment acquires Global Equipment Trading

UAE-based construction technology company Plant & Equipment has announced the acquisition of Global Equipment Trading for an undisclosed amount. 

Established in 2018 by Saleh Kuba and Zayd Kuba, Plant & Equipment operates as a marketplace in the construction equipment and machinery sector, facilitating connections between buyers and sellers.

This strategic acquisition is set to bolster Plant & Equipment’s expansion efforts across the region.

 The integration with Global Equipment Trading is expected to enhance the company’s service offerings and market reach, aligning with its growth objectives in the construction equipment industry.

Source: Arab News

In the dynamic realm of B2B travel content, Lokalee has emerged as a pioneering force, securing an impressive $5.6 million in pre-series funding. This substantial achievement not only underscores Lokalee's potential but also heralds a new era of innovation and growth within the travel content sector. In this comprehensive article, we will explore Lokalee's unique value proposition, the implications of its pre-series funding, and the transformative impact it is poised to have on the B2B travel industry.

Unveiling Lokalee's Vision

Lokalee's vision is centered on redefining the B2B travel content landscape by offering a comprehensive and immersive platform that caters to the diverse needs of travel industry stakeholders. Through the integration of cutting-edge technology and a customer-centric approach, Lokalee aims to revolutionize the way businesses engage with travel content, ultimately driving engagement and enhancing the overall travel experience.

The Power of Pre-Series Funding

The successful raise of $5.6 million in pre-series funding represents a pivotal moment for Lokalee, signifying not only investor confidence but also the potential for accelerated growth and innovation. This infusion of capital will enable Lokalee to further develop its platform, expand its market reach, and solidify its position as a frontrunner in the B2B travel content space. The funding will also fuel research and development efforts, allowing Lokalee to introduce new features and capabilities that cater to the evolving needs of its clientele.

Redefining B2B Travel Content Engagement

Lokalee's platform serves as a catalyst for redefining B2B travel content engagement, offering a suite of tools and solutions that empower businesses to curate and showcase compelling travel content. From immersive storytelling to personalized content curation, Lokalee's platform is designed to elevate the travel experience, foster brand loyalty, and provide unparalleled access to diverse travel narratives. This not only enhances the content capabilities of businesses but also fosters stronger partnerships within the travel ecosystem.

Driving Innovation and Collaboration

The infusion of pre-series funding positions Lokalee to drive innovation and collaboration within the B2B travel content sector. By leveraging the capital to enhance its technological infrastructure and expand its content offerings, Lokalee is poised to set new industry standards, fostering a culture of innovation and excellence. Furthermore, the funding will enable Lokalee to forge strategic partnerships and alliances, creating a network of synergistic relationships that further elevate the value proposition for its clients.

The Future of B2B Travel Content Technology

As Lokalee embarks on this transformative journey fueled by pre-series funding, it is poised to shape the future of B2B travel content technology. With a steadfast commitment to innovation, customer satisfaction, and industry leadership, Lokalee is well-positioned to drive meaningful change, setting new benchmarks for content curation, storytelling, and value creation within the B2B travel landscape.

In conclusion, Lokalee's remarkable pre-series funding marks a significant milestone in the evolution of B2B travel content technology, propelling the company towards a future defined by innovation, collaboration, and unparalleled content delivery. As Lokalee continues to redefine the B2B travel content landscape, its platform stands as a testament to the transformative power of technology and strategic investment in driving industry-wide progress.

In the dynamic landscape of B2B travel technology, Tumodo has emerged as a trailblazer, securing a remarkable $3.5 million in pre-seed funding. This significant milestone not only underscores Tumodo's potential but also signals a new era of innovation and growth within the travel tech sector. In this comprehensive article, we will delve into the unique value proposition of Tumodo's platform, the implications of its pre-seed funding, and the transformative impact it is poised to have on the B2B travel industry.

Unveiling Tumodo's Vision

Tumodo's vision is rooted in redefining the B2B travel landscape by offering a comprehensive and seamless platform that caters to the diverse needs of travel industry stakeholders. Through the integration of cutting-edge technology and a customer-centric approach, Tumodo aims to revolutionize the way businesses engage with travel services, ultimately driving efficiency and enhancing the overall travel experience.

The Power of Pre-Seed Funding

The successful raise of $3.5 million in pre-seed funding represents a pivotal moment for Tumodo, signifying not only investor confidence but also the potential for accelerated growth and innovation. This infusion of capital will enable Tumodo to further develop its platform, expand its market reach, and solidify its position as a frontrunner in the B2B travel tech space. The funding will also fuel research and development efforts, allowing Tumodo to introduce new features and capabilities that cater to the evolving needs of its clientele.

Redefining B2B Travel Engagement

Tumodo's platform serves as a catalyst for redefining B2B travel engagement, offering a suite of tools and solutions that empower businesses to streamline their travel operations. From seamless booking processes to advanced analytics and reporting, Tumodo's platform is designed to optimize efficiency, reduce costs, and provide unparalleled visibility into travel-related activities. This not only enhances the operational capabilities of businesses but also fosters stronger partnerships within the travel ecosystem.

Driving Innovation and Collaboration

The infusion of pre-seed funding positions Tumodo to drive innovation and collaboration within the B2B travel tech sector. By leveraging the capital to enhance its technological infrastructure and expand its service offerings, Tumodo is poised to set new industry standards, fostering a culture of innovation and excellence. Furthermore, the funding will enable Tumodo to forge strategic partnerships and alliances, creating a network of synergistic relationships that further elevate the value proposition for its clients.

The Future of B2B Travel Technology

As Tumodo embarks on this transformative journey fueled by pre-seed funding, it is poised to shape the future of B2B travel technology. With a steadfast commitment to innovation, customer satisfaction, and industry leadership, Tumodo is well-positioned to drive meaningful change, setting new benchmarks for operational efficiency, collaboration, and value creation within the B2B travel landscape.

In conclusion, Tumodo's groundbreaking pre-seed funding marks a significant milestone in the evolution of B2B travel technology, propelling the company towards a future defined by innovation, collaboration, and unparalleled value delivery. As Tumodo continues to redefine the B2B travel landscape, its platform stands as a testament to the transformative power of technology and strategic investment in driving industry-wide progress.