LabLabee Algerian EdTech startup raised $3.4 million funding

LabLabee Algerian EdTech startup raised $3.4 million funding

by | Sep 20, 2024 | Startups News

Algerian-based EdTech startup, LabLabee, raised $3.4 million in a Seed funding round to accelerate its global expansion and enhance its hands-on learning platform. Moreover, the round, which was led by Reach Capital, also saw contributions from Classera, Brighteye Ventures, e& capital, and business angels Cedric Sellin and Mohammed Husamaddin. As a result, this funding marks a significant milestone in the company’s growth.

LabLabee’s Mission and Expansion Plans

Founded in 2021 by Samir Tahraoui and Mahfoud Sidi Ali Mebarek, LabLabee addresses the skills gap in telecom and cloud industries. In particular, their platform offers practical, hands-on training in technologies like 5G, cloud computing, and AI. Additionally, LabLabee’s sandbox environment allows users to learn, practice, and test their skills.

With the new funding, LabLabee will take several important steps:

  1. Firstly, LabLabee will expand into the U.S. market. By partnering with AWS, Azure, and GCP, the company aims to reach a wider audience.
  2. Secondly, the company will enhance its course offerings. New training labs for VMware, RedHat, Windriver, and telco security will address emerging industry needs.
  3. Finally, LabLabee plans to hire new talent. The company will focus on expanding its team in key areas such as engineering, sales, and customer support.

Addressing the Telecom and Cloud Skills Gap

LabLabee is focused on tackling the skills shortage in telecom and industrial sectors. Specifically, the platform offers on-demand labs that cover advanced technologies like 5G, IMS, and Kubernetes. Consequently, these labs help telecom operators and educational institutions integrate practical training into their programs.

This approach not only reduces training costs but also equips learners with real-world skills to stay competitive in the tech industry.

Industry Recognition and Leadership

LabLabee has earned praise from industry leaders. For example, Esteban Sosnik, co-founder at Reach Capital, highlighted the company’s work in solving the telecom skills gap. Moreover, he pointed out the technical expertise of the founders, which has driven LabLabee’s growth.

Similarly, CEO Samir Tahraoui emphasized how their solutions simplify learning. In fact, he believes LabLabee makes it easier and quicker for professionals to keep up with rapid tech changes.

Conclusion

In conclusion, LabLabee’s recent $3.4 million funding round is a key step toward transforming telecom and cloud education. As the company continues to expand into new markets, improve its course offerings, and grow its team, LabLabee is positioned to lead in EdTech. Ultimately, with its innovative approach, the company will shape the future of professional education in telecom and industrial sectors worldwide.

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Seez Secures $4.2 Million Investment to to Accelerate US Market

Seez Secures $4.2 Million Investment to to Accelerate US Market

by | Sep 17, 2024 | Startups News

UAE-based automotive SaaS company Seez has secured a $4.2 million investment to fuel its expansion into the US market. This funding enables Seez to enhance its AI solutions and strengthen its presence in one of the world’s most dynamic automotive markets. With the US automotive industry ripe for disruption, Seez is strategically positioned to capitalize on this tremendous opportunity.

Seez: Leading the Automotive SaaS Revolution

Seez leads the charge in transforming the automotive industry with innovative solutions. At the heart of its offerings is Seezar, an AI-powered chatbot that revolutionizes customer interactions. Seez also offers a range of advanced AI SaaS modules designed to streamline automotive dealer operations and boost efficiency.

Moreover, Seez’s proprietary technology has already proven successful in markets such as the UK, Australia, and the GCC. This global experience gives Seez a solid foundation as it sets its sights on the US.

A Strong Footing in AI and E-commerce

In addition to its AI innovations, Seez provides a variety of e-commerce and omnichannel products tailored for the automotive industry. By integrating AI with e-commerce features, it delivers a comprehensive solution that enhances both sales and customer service for car dealers.

Furthermore, Seez’s combination of AI and e-commerce shows its commitment to disrupting the status quo in the automotive sector. As AI transforms industries worldwide, it continues to drive efficiency and innovation in car dealership operations.

Building on Global Success

Firstly ,it is well-positioned for success in the US market due to its proven track record in several international markets. The company has already secured key partnerships and achieved significant success in regions like Denmark, South Africa, and New Zealand. As a result, Seez is now ready to tap into the vast potential of the US automotive market.

The US, one of the largest and most diverse automotive markets globally, offers enormous opportunities for Seez to accelerate its expansion. With the growing demand for intelligent, data-driven solutions, Seez’s AI-powered modules will reshape how automotive businesses operate in the US.

Looking Forward: A Bright Future for Seez

As it  embarks on this exciting expansion, it remains committed to pushing boundaries and delivering cutting-edge solutions. The recent investment reflects the increasing demand for AI-driven technology in the automotive sector.

in conclusion, By continuing to innovate and expand, Seez is on its way to becoming a global leader in automotive software. With a clear vision for the future and a strong foundation of success, it is poised to make a lasting impact.

For more updates and insights on startups expansion and other industry innovations, stay tuned to kzaad.com

Hub71 Welcomes 15th Cohort: 21 Startups Raising $134.9 Million

Hub71 Welcomes 15th Cohort: 21 Startups Raising $134.9 Million

by | Sep 16, 2024 | Startups News

Hub71, Abu Dhabi’s premier global tech ecosystem, has proudly welcomed 21 new startups into its 15th cohort. Consequently, this expansion brings the total number of supported ventures to an impressive 243. Collectively, these startups have raised a remarkable $134.9 million, thereby further strengthening Abu Dhabi’s reputation as a leading global tech hub.

A Diverse Global Selection

The latest cohort was meticulously chosen from over 1,228 applications. Interestingly, this group includes 17 international startups from countries such as the USA, UK, France, and Germany. Moreover, these companies are celebrated for their innovative approaches and significant growth potential. Among the notable additions are:

  • EpiBone, a US-based HealthTech firm, which has successfully raised $43 million. This company is at the forefront of pioneering tissue engineering solutions.
  • Partanna Oasis, a ClimateTech company co-founded by NBA legend Rick Fox. This firm has secured $26 million for its cutting-edge carbon-negative concrete technology.
  • Greengage, a UK-based Web3 FinTech company with $10 million in funding. Notably, this firm is set to join Hub71+ Digital Assets.

By establishing operations in Abu Dhabi, these startups will undoubtedly contribute to the city’s burgeoning tech ecosystem, thereby reinforcing its status as a top destination for entrepreneurial growth.

Driving Innovation Across Multiple Sectors

The 21 startups in this cohort span seven critical sectors, including FinTech, ClimateTech, HealthTech, EdTech, and Mobility & Logistics. As a result, their work aligns seamlessly with Abu Dhabi’s strategic goals for economic development and sustainability. Importantly, over half of the startups in Cohort 15 are at the Seed and Series A stages. This fact highlights Hub71’s significant role in nurturing and scaling early-stage ventures.

Key Sectors in Cohort 15:

  • FinTech: For instance, Greengage is leading the charge in digital assets, which further supports Abu Dhabi’s growing influence in this field.
  • ClimateTech: Additionally, seven startups, including Partanna Oasis, will be joining Hub71+ ClimateTech. These startups focus on delivering innovative sustainability solutions.
  • HealthTech: Furthermore, EpiBone’s advanced technologies address critical health challenges on a global scale, enhancing Abu Dhabi’s health innovation sector.
  • Mobility & Logistics: Not to mention, Autone, a US-based logistics company, has raised $4.8 million to improve inventory management systems.

Hub71’s Expanding Influence

Hub71 continues to play a pivotal role in supporting high-potential startups. By providing them with access to valuable investments and essential resources, Hub71 is effectively accelerating their global impact.

Ahmad Ali Alwan, CEO of Hub71, remarked:

“Cohort 15 features an array of pioneering startups that are well-positioned to make significant contributions to Abu Dhabi’s innovation ecosystem. By facilitating investment opportunities and expanding market reach, Hub71 is accelerating their transformative impact on a global scale.”

Additionally, Hub71+ ClimateTech now supports a total of 12 startups committed to advancing sustainability. One of the newest additions is Plenesys, a French company that recently raised $3 million for its CO2-free hydrogen solutions.

Moreover, five startups will join Hub71+ Digital Assets, increasing the total number in this sector to 22. This expansion underscores Abu Dhabi’s growing leadership in digital transformation and blockchain technologies.

Conclusion: Abu Dhabi’s Growing Global Influence

In conclusion, the inclusion of 21 startups in Hub71’s 15th cohort further illustrates Abu Dhabi’s expanding influence as a global tech hub. With companies spanning diverse sectors such as ClimateTech and HealthTech, Hub71 is significantly contributing to the city’s economic resilience and sustainable growth.

For the latest updates on Hub71 and Abu Dhabi’s tech scene, be sure to visit kzaad.com.

UAE based Ziina Secures $22 Million in Series A Funding

UAE based Ziina Secures $22 Million in Series A Funding

by | Sep 3, 2024 | Startups News

UAE-based fintech Ziina has raised $22 million in Series A funding. Led by US-based Altos Ventures, this investment also includes notable investors like Fintech Collective, Avenir Growth, Activant Capital, Y Combinator, FJ Labs, MEVP, and Jabbar Internet Group.

Expanding Financial Services

Founded in 2020 by Faisal and Sarah Toukan, Ziina quickly became a major financial player. The app allows users to send and receive payments using just a phone number, eliminating the need for IBANs or Swift Codes. Ziina launched its digital wallet in February 2022. Moreover, the new funding will help Ziina expand from a payment solution to a full-service financial provider. The upcoming ZiiCard will showcase this growth.

Navigating a Challenging Market

Despite a drop in global fintech funding from $144.2 billion in 2021 to $40.7 billion in 2023, Ziina’s success highlights its strong market position and investor trust. Over the past year, Ziina has achieved a tenfold revenue increase and a 34% month-on-month rise in customers. The recent acquisition of the SVF license from the Central Bank of the UAE further boosts its credibility.

Meeting SME Needs

Ziina serves 560,000 SMEs in the UAE, which make up over 94% of businesses and contribute about 60% of the GDP. While 77% of UAE SMEs have adopted digital payments, 50% still face finance and cash flow challenges. Ziina’s solutions, including payment gateways and POS systems, aim to address these issues and support growth.

Driving Innovation and Growth

The $22 million Series A funding will boost Ziina’s tech and innovations. The ZiiCard will streamline business payments, while new features will enhance personal expense management. Faisal Toukan, CEO and Co-Founder, noted, “Ziina’s strong SME demand, SVF license, and investor support will drive fintech evolution in the UAE and beyond.

Attracting Top Talent

Ziina has attracted talent from tech giants like Apple, Uber, Nubank, Klarna, Coinbase, Amazon, FundingCircle, and Yandex. With the new funding, Ziina will also add experts from Revolut and Nubank, who played key roles in scaling their companies to valuations of $45 billion and $70 billion.

Verofax Secures $3 Million to Propel Web3 Innovations

Verofax Secures $3 Million to Propel Web3 Innovations

by | Sep 2, 2024 | Startups News

Verofax, a UAE-based Web3 services provider, recently raised $3 million in a bridge round. This funding significantly strengthens its position in the industry. King Abdullah University for Science and Technology, Plug & Play Tech Center, Navig8 Group, and Trove Capital UK led the round. Additionally, Jawa Brothers Advisory, Alzamil Pedco CVC, and Tracecore CVC participated, marking an important milestone for the company.

Founded in 2018 by Wassim Merheby and Jamil Zablah, Verofax uses advanced technologies like augmented reality (AR), blockchain, and artificial intelligence (AI) to enhance experiences for tourists, shoppers, and brands. These innovations boost user engagement, drive conversions, and increase social virality. As a result, Verofax has become a trusted partner for global brands.

Strategic Expansion in the Middle East and EU

With this new funding, Verofax is set to accelerate its expansion. The company plans to develop AI-powered guides for the GCC region and sports fan guides for the EU and North America. These projects will change how consumers interact with destinations, retailers, and sports stadiums. By offering personalized, gamified experiences, Verofax sets a new standard for customer engagement.

In fact, Verofax’s CEO, Wassim Merheby, expressed excitement about the new partnerships. He emphasized, “Our solution elevates tourist experiences, unlocks personalized discounts, and offers gamified ‘Explore to Win’ sponsored games in augmented reality. Brands can now enhance their marketing efficiency, power direct-to-consumer communication, and deliver amazing experiences to drive growth and boost loyalty.”

Building on Success: Verofax’s Proven Track Record

This latest funding builds on Verofax’s previous successes. In 2022, the company raised $1.5 million in a pre-Series A round led by Benson Oak Ventures, with participation from 500 Global, Wami Capital, and Vernalis Capital. Verofax consistently attracts high-profile investors, validating its innovative approach and market potential.

Additionally,  Verofax’s proprietary technologies serve industry giants like Anheuser Busch Inc. and Emirates Airlines. These solutions cater to sectors such as retail, tourism, and sports. Verofax’s leadership in Web3 solutions continues to grow.

Looking Forward: The Future of Web3 with Verofax

Verofax continues to push the boundaries of Web3 technologies, aiming to make a lasting impact on the global market. With a focus on AI and AR, Verofax positions itself to lead the next wave of digital transformation. By delivering unparalleled experiences and driving growth, Verofax actively shapes the future of the Web3 landscape.

For more insights into Web3 and startup innovation, visit kzaad.com. Stay tuned for daily updates and in-depth analyses of trends shaping technology and business.