abu dhabi

Abu Dhabi’s sovereign wealth fund ADIA is in talks to back Pocket FM in a large new round of funding, two sources familiar with the matter told TechCrunch, as the…

Abu Dhabi’s ADIA explores investment in India’s Pocket FM, sources say

Electric vertical takeoff and landing (eVTOL) vehicle company Archer Aviation plans to start air taxi operations in Abu Dhabi in 2026, making the city its first international market outside the…

Archer Aviation to launch air taxis in Abu Dhabi in 2026

China’s electric vehicle companies are pouring into the Middle East where both investors and consumers have a growing appetite for the country’s Tesla challengers. Shanghai-based Nio announced Tuesday that CYVN…

Abu Dhabi pours $738.5M into China’s Tesla challenger Nio

Mass transit and shared mobility provider Swvl went public today in a landmark moment for Egyptian and Middle Eastern tech ecosystems. It’s also a test for the company going public…

All eyes are on Swvl as it starts trading on a SPAC combination

AudioMob is a startup that provides “non-intrusive” audio ads within mobile games. It turns out that gamers don’t seem to mind little ads like this popping up, and somehow AudioMob…

AudioMob, which serves audio ads inside mobile games, raises a $14M Series A

United Arab Emirates-based shared micromobility operator Fenix is expanding the use of its electric scooters and back-end logistics to not only move people, but also to move goods. On Tuesday,…

Abu Dhabi-based micromobility operator Fenix launches 10-minute grocery delivery service

World events have so far not stopped the enthusiasm for tech investing, and really, where else are those dollars going to go?

Airbnb nears IPO as Asana and Palantir land their direct listings

Silver Lake, the multi-billion-dollar tech-focused investment firm, is adding a long-term hedge fund backed by Abu Dhabi’s sovereign wealth fund, Mubadala, to its array of investment vehicles to finance technology…

Silver Lake adds a $2 billion ‘long-term’ hedge fund backed by Abu Dhabi to its tech finance toolkit

One little-known home and retail automation startup might seem like an unlikely candidate to help combat the ongoing pandemic. But its founder says its technology can do just that, even…

This startup reworked its privacy-friendly sensors to help battle COVID-19

Abu Dhabi-based sovereign firm Mubadala has become the latest investor in Mukesh Ambani’s Reliance Jio Platforms, joining five American firms, including Facebook and Silver Lake, that have secured stakes in…

India’s Reliance Jio Platforms to sell $1.2 billion stake to Mubadala

Featured Article

TechCrunch’s top 16 picks from Techstars April virtual demo days

Like other accelerators, Techstars, a network of more than 40 corporate and geographically targeted startup bootcamps, has had to bring its marquee demo day events online. Over the last two weeks of April, industry-focused accelerators working with startups building businesses around mobility technologies (broadly) and the future of the home joined programs in Abu Dhabi,…

2:44 pm PDT • May 5, 2020
TechCrunch’s top 16 picks from Techstars April virtual demo days

The holy grail for technology companies working in the healthcare industry is becoming the gateway for all healthcare data. Big legacy providers like Epic and Cerner are trying to reach…

Innovaccer wants to be the service that unifies all healthcare data

Featured Article

All the high-tech, powerful vehicles TechCrunch reviewed in 2019

TechCrunch occasionally reviews cars. Why? Vehicles are some of the most complex, technical consumer electronics available. It’s always been that way. Vehicles, especially those available for the consumer, are the culmination of bleeding-edge advancements in computing, manufacturing and material sciences. And some can go fast — zoom, zoom. Over the past 12 months, we’ve looked…

9:19 am PST • December 28, 2019
All the high-tech, powerful vehicles TechCrunch reviewed in 2019

If you haven’t noticed, Europe’s startup scene is in full bloom, with more than $30 billion deployed in startups across the continent over the last 12 months and more than…

VCs from Accel and SoftBank talk Europe’s startup scene, what they expect in 2020, and the future of SoftBank

Pan-African digital classifieds company Jiji has raised $21 million in Series C and C-1 financing from six investors, led by Knuru Capital. The Nigeria-based venture, co-founded by Ukrainian entrepreneur Vladimir…

Jiji raises $21M for its Africa online classifieds business

In this week’s newsletter: Everything you need to know about the Vision Fund II.

Startups Weekly: SoftBank’s second act

A second Vision Fund is in the works.

Microsoft in talks to invest in SoftBank’s second Vision Fund

Microsoft today announced that its first data center regions in the Middle East are now online. The data centers are located in Abu Dhabi and Dubai and will offer local…

Microsoft’s first data center regions in the Middle East are now generally available

Featured Article

Huawei sues America as SoftBank spends more money

Today, a bunch of analysis on stories we have been covering the last few weeks. You’re reading the Extra Crunch Daily. Like this newsletter? Subscribe for free to follow all of our discussions and debates. SoftBank wants to spend more billions Three inter-related stories today on SoftBank and its Vision Fund. First, an analysis from my Bangkok-based…

8:43 am PST • March 7, 2019
Huawei sues America as SoftBank spends more money

Featured Article

Audi e-tron first drive: Quick, comfortable and familiar

Even after a few minutes behind the wheel, it’s easy to forget the Audi e-tron is electric. The SUV is not outrageous or radical, but rather pedestrian and effortless. Audi didn’t invent something new with the e-tron. The German car company stuck a competent electric powertrain in an SUV, and, in the process, created a…

9:00 am PST • December 7, 2018
Audi e-tron first drive: Quick, comfortable and familiar

In 2008, the electric motor vehicle experienced a rebirth triggered by a rise in oil prices. Now in 2018, it is the time for another rebirth — in electrical aviation.

The electric aircraft is taking off

Enterprise health management startup Collective Health has added another $110 million to the coffers from existing high-profile investors such as Founders Fund and Alphabet’s investment arm GV, bringing the total now raised…

Collective Health nabs $110 million in funding

Duo Security raises $70 million, a close look at Apple’s self-driving car, Snapchat’s Halloween costume and Abu Dhabi’s state fund is doing business in San Francisco. All this on Crunch…

Hyperloop One is putting a finer point on the business opportunity it believes it has in the Middle East, with a presentation made today during the Global Manufacturing and Industrialisation…

Hyperloop One says it could replace all air freight among GCC countries

Apple creates a new video editing app called Clips, large electronics are now banned from flights to the U.S. coming from 13 countries and Hyperloop Transportation Technologies starts building full-size…

It’s looking like the first Hyperloop will be built in the UAE, Facebook is testing a job openings feature, Tesla plans to increase manufacturing automation by acquiring Grohmann Engineering, LeEco…