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
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
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 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
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
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, 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’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 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
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
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
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 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
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 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
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 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
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
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
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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