Indian startup Jeh Aerospace has secured $11 million in a new funding round to help ease global supply chain bottlenecks.
Uzbekistan’s first unicorn, Uzum, leaps to a $1.5B valuation
Uzbekistan’s Uzum has raised $65.5 million in a new funding round co-led by China’s Tencent and the New York- and London-based VR Capital, with participation from U.S.-based FinSight Capital.
AI-powered fintech Alaan raises $48M, one of the largest Series A rounds in MENA
When Parthi Duraisamy was a consultant at McKinsey’s Dubai office, he discovered that the American Express cards his company relied on for corporate expenses were rarely accepted in the Middle East. This forced Duraisamy to cover significant travel expenses out of pocket and file endless expense reports. “It was a constant pain,” Duraisamy explained on […]
SAP is acquiring SmartRecruiters
SAP has reached an agreement to acquire SmartRecruiters, with SmartRecruiters’ software complementing SAP’s existing HR tools.
Mastercard denies pressuring game platforms, Valve tells a different story
Mastercard seemingly denied playing a role in a recent marketplace crackdown on games with adult content, while Valve says the pressure was indirect.
Apple might be building its own AI ‘answer engine’
Apple is reportedly working to create a lightweight competitor to ChatGPT.
Tesla proposes $29B comp package for Elon Musk amid ‘AI talent war’
The plan would be voided if the Delaware Supreme Court overturns the decision to spike Musk’s $56B comp plan from 2018. A judge ruled in 2024 that plan was unfairly negotiated.
Joby Aviation to buy Blade Air Mobility’s ride-share business
Joby is buying the Blade brand and the company’s passenger business, which includes operations in the United States and Europe, for as much as $125 million.
What founders should think about if looking to raise a Series C
And it starts with a reality check, according to Sapphire Ventures partner Cathy Gao.
Anthropic cuts off OpenAI’s access to its Claude models
Anthropic has cut off one of its biggest competitors, revoking OpenAI’s access to its Claude family of AI models.