Saudi Arabia

Lucid Motors raises another $1 billion from Saudi Arabia as it searches for luxury EV buyers

Lucid Motors is raising another $1 billion from its biggest financial backer, Saudi Arabia, as it looks to blunt the high costs associated with building and selling its luxury electric sedan. The comp

Saudi shopping and BNPL platform Tamara tops $1B valuation in $340M Series C funding

Tamara, a buy now, pay later platform for consumers in Saudi Arabia and the wider GCC region, has raised $340 million in a financing round that values the fintech at $1 billion. Saudi asset manager an

Chinese EVs have yet to succeed in Europe; the Middle East could be different

For Chinese electric car manufacturers, Europe has long been a priority destination for international expansion. With its affluence, environmental consciousness and relatively friendly attitude toward

Andreessen Horowitz is now openly courting capital from Saudi Arabia, despite US strains

Andreessen Horowitz is openly courting capital from Saudi Arabia, despite U.S. strains. According to Bloomberg, Marc Andreessen and Ben Horowitz appeared onstage with WeWork co-founder Adam Neumann to

Japan’s Terra Drone gets $14M lift from Saudi investors

Terra Drone said today it has raised $14 million in Series C funding from Wa’ed Ventures, the venture capital arm of Saudi Aramco, marking the VC firm’s first investment in Asia.  The Jap

iPhone maker Foxconn and Saudi Arabia are going into the EV business

Saudi Arabia’s sovereign wealth fund has formed a joint venture with Foxconn to build and sell EVs, the latest move by the nation to meet its Vision 2030 goal of reducing its dependence on oil a

Invygo raises $10M to make long-term car subscription a breeze

Invygo, a startup operating in UAE and Saudi Arabia, has raised $10 million in its Series A funding led by MEVP as it works to scale its car rental service in the region. The Middle East-based startup

Apple may have given us a hint at its AR/VR headset’s name

Apple’s highly anticipated mixed reality headset may now have a name, according to a Bloomberg report earlier this week. The outlet spotted trademarks in the U.S. and global markets related to t

Dubai-based Stake raises $8 million to let people across the globe invest in local properties

Dubai-based startup Stake is offering retail investors from across the globe the opportunity to buy fractions of rental property in UAE’s marquee city and earn regular income. The startup, founded i

Aramco’s Prosperity7 powers AI drug firm Insilico’s $95M round

Hong Kong-based drug discovery and development company Insilico has secured fresh capital at a time that its CEO described as a “biotech winter.” The firm has raised $35 million on the hee

JusTalk spilled millions of user messages and locations for months

Popular messaging app JusTalk left a huge database of unencrypted private messages publicly exposed to the internet without a password for months. The messaging app has around 20 million international

Messaging app JusTalk is spilling millions of unencrypted messages

Popular video calling and messaging app JusTalk claims to be both secure and encrypted. But a security lapse has proven the app to be neither secure nor encrypted after a huge cache of users’ un

Google Cloud announces its first region in Mexico

Google Cloud today announced plans for its first cloud region in Mexico, its third in Latin America after Santiago, Chile and São Paulo, Brazil. The new region, which will be Google’s 35th, wil

This Week in Apps: Twitter Notes, Instagram age verification, Spotify’s Live Events

Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with a re

Google Cloud opens a new region in Texas

Google Cloud today announced the launch of its new cloud region in Dallas, Texas, as it continues to expand its data center footprint around the world. The new region marks the company’s 11th re

Egyptian health and wellness platform Esaal raises $1.7M to scale across MENA

There’s a vast unmet demand for medical consultation in developing markets like Egypt due to low doctor supply. As of 2018, Egypt’s doctor to citizen ratio stood at 1:2,000; you can paint a pictur

Dallas County police add Tesla Model 3s to their fleet

Dallas County is the latest to tap EVs for law enforcement, adding three Tesla Model 3s to its police fleet. Local, state and federal governments worldwide have begun adding battery-electric models to

US charges four Russian spies for hacking Saudi oil facility and US nuclear power plant

The U.S. Department of Justice has announced charges against four Russian government employees for a years-long hacking campaign targeting critical infrastructure, including a U.S. nuclear power oper

Sequoia Capital India, STV back Dubai-based BNPL provider tabby in $54M extension round

Tabby, the Dubai-based buy now, pay later (BNPL) platform that lets users shop, pay later and earn cash from over 3,000 global brands, including Adidas, IKEA and Bloomingdale’s, has completed a

500 Global’s Christine Tsai shares her 2022 VC predictions

After incredible growth in the past two year, all signs point to a continued abundance of opportunities for startup founders and investors in the year ahead.
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