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Funding Alert

Exverse - is a next-gen virtual battle metaverse combining Play & Earn mechanics with the action genre, has secured $3 Million in Private Funding Round led by led by Cogitent Ventures, Cointelligence, and Moonrock Capital, with participation from investors included KuCoin Labs, Epic Games, Seedify, and ChainGPT.

Dubai-based Exverse Secures $3 Million in Private Funding Round

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Ayekart, a fintech enabling MSMEs and Traditional businesses with Embedded Finance and other Value-Added Services has raised $6.5 Million in series A funding round led by Omnivore, Siana Capital and Unleash Capital.

Ayekart Raises $6.5 Million in Series A Round

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IDC Kitchen (Idli, Dosa, Coffee), a chain of South Indian cuisines has secured INR 1.5 Crore debt from Peter Thiel's Valar Ventures-backed financing platform, Velocity.

Bengaluru-based IDC Kitchen Secures Funding From Velocity

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Full-stack Digital Supply-Chain platform which provides the best fabrication & Inventory holding services in the market, Metalbook has secured $15 Million in a Series A funding round led by Rigel Capital, and other investors included from FJ Labs, Axilor Ventures, Foundamental, Stride Ventures, Trifecta Capital and others.

Metalbook Raises $15 Million Series A Funding

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India's Fastest Growing Assisted Living Brand Arcatron Mobility has secured undisclosed growth capital from OrbiMed, which invests globally across the healthcare industry.Other investors included investors including BL Taparia Family Office, Chona Family Office, MGA Ventures, and the founders of Arcatron actively participated in funding round.

Arcatron Mobility Secures Undisclosed Funding

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Vessi Medical, an Israeli medical device startup has secured $16.5 Million in series A funding round. The investors in the funding round are included: ALIVE-Israel HealthTech Fund, Agriline, and the founding investor The Trendlines Group.

Israel-based Vessi Medical Secures $16.5 Mn Series A Funding

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The Technology Innovation Institute (TII), a leading global scientific research center and the applied research pillar of Abu Dhabi’s Advanced Technology Research Council (ATRC), announced the launch of the ‘Falcon Foundation’. The non-profit Falcon Foundation is dedicated to advancing the development of open-source Generative AI models and to building sustainable ecosystems around open-source projects that accelerate technology development. As a founding member, TII is committing to provide US$300 million to fund these projects.

UAE’s Technology Innovation Institute Launches ‘Falcon Foundation’ to Champion Open-Sourcing of...

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Sowt Media, Inc., a pioneering force in Arabic audio content production, has announced the acquisition of Dubai-based Rising Giants Network (RGN). This strategic move marks a significant step forward in Sowt's mission to elevate Arabic audio content while solidifying its position as a leader in the industry.

Jordan-based Sowt Media Acquires Rising Giants Network

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In a landmark move that promises to transform digital healthcare, TruDoc Healthcare, the GCC's premier virtual primary care provider, is thrilled to announce its acquisition of Wellthy Therapeutics. Wellthy Therapeutics, Asia’s leading clinically validated chronic disease management platform, joins forces with TruDoc, creating new standards in healthcare outcomes, quality, and patient experience in the region and heralding TruDoc's strategic expansion into new markets, including India.

UAE-based TruDoc Healthcare Acquires Wellthy Therapeutics

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In a landmark announcement on Day 1 of the World Governments Summit (WGS) 2024, Abu Dhabi’s Advanced Technology Research Council (ATRC) unveiled a pioneering initiative aimed at facilitating global access to cutting-edge technology solutions. The newly launched ‘ATRC Global Tech R&D Platform’ serves as a channel for countries worldwide to tap into the UAE's technological expertise to address their unique challenges.

UAE’s ATRC Allocates US$200 Mn Fund to Accelerate Innovation for Developing...

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