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AWS and Humain announced a $5 billion partnership to establish an AI zone in Saudi Arabia. 
This zone will feature AWS infrastructure, advanced semiconductor technology, and UltraCluster networks. 
Humain will develop customised AI solutions, facilitating easier access for Saudi government bodies. 
Saudi&#8217;s Minister for Communications praised AWS for its partnership and boosting local talent. 
The venture aims to support startups with cloud technologies and programmes like AWS Activate.

Flam has secured $14 million in Series A funding, led by RTP Global. 
Founded in 2021, the London-based company enhances online content with quick-loading 3D and MR experiences. 
Flam plans to expand operations in the Middle East, North America, and Europe. 
The funding will further develop its AI tech for the advertising, retail, and live-streaming sectors. 
Flam aims to collaborate with creative studios, offering new corporate solutions and immersive experiences.

Saudi Arabia&#8217;s HUMAIN partners with AMD in a $10 billion AI venture. 
Aiming to create advanced, cost-effective AI infrastructure with 500 MW computing power. 
The plan involves sustainable data centres and a global fibre-optic network. 
AMD&#8217;s CEO calls it a milestone for global AI performance and scalability. 
HUMAIN aims to &#8220;democratise AI computing&#8221; and invite innovation globally.

TensorWave secures $100 million in Series-A funding to expand AI infrastructure operations. 
The round was led by Magnetar, AMD Ventures, and Prosperity7, showcasing strong investor confidence. 
Funding will be used to deploy a large fleet of AMD&#8217;s liquid-cooled GPUs. 
CEO Darrick Horton highlights the mission to democratise advanced AI computing. 
AI infrastructure market is projected to exceed $400 billion by 2027.

Classy Games Studios secured funding to develop their new game &#8220;Silly Suspects&#8221;. 
The funding comes from Merak Capital and Exel, highlighting Saudi Arabia&#8217;s gaming industry growth. 
Merak Capital&#8217;s commitment aims to make Saudi Arabia a major gaming hub globally. 
Classy Games Studios connects European and Middle Eastern markets with unique gaming experiences. 
&#8220;Silly Suspects&#8221; is anticipated by gaming enthusiasts as a potential breakout hit.

The Founders’ Voice is where you’ll hear raw, honest conversations with the entrepreneurs and dreamers changing the game in the MENA region.

The Founders' Voice 🎙️

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Flat6Labs invests in Saudi-based AI platform RVIN to support DeepTech growth. 
RVIN specialises in AI assistants for e-commerce, enhancing customer engagement effectively. 
Their AI offers customised support, optimised for Arabic content and multiple channels. 
Flat6Labs aims to nurture disruptive startups, boosting sustainable growth in the market. 
Innovations like RVIN give regional SMEs access to advanced tech tools.

Amwal Capital Partners launched a $150 million Islamic financing fund for Gulf startups and SMEs. 
The fund aims to bridge a $250 billion credit gap with flexible, asset-backed financing options. 
SMEs in GCC countries, like Saudi Arabia, face limited banking access, making new solutions essential. 
Initial deals target the booming GCC tourism and agri-food trading sectors to ensure growth. 
This fund could be the needed boost for Gulf entrepreneurship, underexplored by traditional lenders.

STV and Google have launched a $100 million AI fund for MENA startups. 
AI funding in the region was only 1,5% in 2024, compared to 38% in the US. 
The partnership will invest in user-oriented AI applications and supportive infrastructure. 
Google aims to enhance regional AI opportunities through programs like &#8220;AI Opportunity in the Region.&#8221; 
The collaboration seeks to advance regional tech and economic growth through enhanced innovation.

Galaxy Racer an Emirati gaming firm, received a $20 million boost from Shukhrat Ibragimov. 
The company has faced financial and legal issues, including unpaid debts and operational challenges. 
They closed their main Dubai office and paused North American operations due to financial struggles. 
The investment could help Galaxy Racer settle debts and regain stability, restoring industry confidence. 
Community hopeful for recovery, but cautious outlook, with a lot still left to prove.

Oman&#8217;s Idhka Group invested in Lumotive to boost semiconductor innovation and knowledge transfer. 
This is Idhka&#8217;s second investment, aligning with Oman&#8217;s Vision 2040 for advanced technology. 
The goal is establishing a hub of Omani talent, impacting regional and global markets. 
Lumotive aims to expand regionally, focusing on research and advanced technical design. 
The partnership supports Oman&#8217;s digital transformation and sustainable future goals.

TEKEVER has become Europe&#8217;s latest unicorn, surpassing a billion-dollar valuation in a fundraising round. 
The round was led by UAE-based Ventura Capital with major financial players like Baillie Gifford. 
TEKEVER&#8217;s drones have logged 10,000 combat hours in Ukraine, aiding significant military successes. 
CEO Ricardo Mendes stresses flexibility and rapid innovation over just larger military budgets. 
The company continues to attract tech investors with its commitment to smarter defence solutions.

WakeCap, a Saudi wearable tech company, secures $28 million for construction innovation. 
This investment will expand their tech services both locally and internationally. 
Their IoT devices enhance safety and efficiency on construction sites. 
Saudi Arabia&#8217;s startup ecosystem is thriving, with a strong venture capital market. 
WakeCap aims to advance data analytics and digital system integration in construction.

Coinbase has acquired UAE-based Deribit for a landmark $2,9 billion deal. 
They will pay $700 million in cash and issue approximately 11 million Class A shares. 
Deribit is a significant player in the global crypto derivatives market, with trillions traded. 
This acquisition strengthens Coinbase&#8217;s position in the growing derivatives sector internationally. 
It underscores how mainstream cryptocurrency has become, with major investments by key players.

Standard Chartered and Falak Business &amp; Investment launch their third &#8220;Women and Technology&#8221; programme in Saudi Arabia. 
The initiative aims to empower female entrepreneurs with tech start-ups through training and funding. 
Open to businesses specialising in digital solutions, promoting leadership among Saudi women in tech. 
The programme offers workshops, mentoring, and grants of up to $45,000 for selected startups. 
Past participants have achieved significant success, highlighting the programme&#8217;s impact on women&#8217;s entrepreneurship.