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Content Creators Developer Tools Media and Entertainment Music Streaming North Africa and the Middle East Video Streaming

StreamElements nabs $100M as it passes 1.1M creators using its platform to build and monetize video content

– Video is at the heart of how people use the internet today, and creators are at the heart of what is being made and watched on video.
– Today, a startup that has built a platform that helps them produce and monetize their work is announcing a big round of funding that underscores just how lucrative and big the creator economy has become.
– StreamElements, which provides production and analytics tools to people who livestream and make video-on-demand for platforms like Amazon’s Twitch, YouTube and Facebook, has raised $100m in funding — money that it will be using to continue building out the tools on its platform, to do more in on-demand alongside a big business in livestreaming and for marketing, specifically to bring more creators to its platform, which is already being used by 1.1m people.

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Agriculture AgTech Automotive Autonomous Vehicles Drones North Africa and the Middle East Robotics

Blue White Robotics Raises $37M in Series B Funding

– Blue White Robotics from Tel Aviv provides Robots-as-a-Service (RaaS) that enables farms to run themselves autonomously.
– The company raised $37M in Series B funding.
– The round was led by Insight Partners and Entrée Capital, joined by Clal Insurance, Jesselson Family Office, Peregrine VC, and Regah Ventures.
– The new investment will be aimed at increasing the rapid adoption of these technologies, driving new US sales, and hiring talent for their international team.

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Art Content Delivery Digital Entertainment Digital Media Digital Signage Marketplace Network North Africa and the Middle East Publishing SaaS Video Virtual Reality

Niio announces $15M Series A following strategic partnership with Samsung Displays

– Niio, a digital art platform, raised $15m in Series A funding.
– The round was co-led by L Catterton, a joint venture between LVMH and Catterton, Entrée Capital and Pico Venture Partners.
– Additional investors also joined, including Saga VC, as well as leading artists, art collectors, museums, gallerists and trustees at institutions such as MOMA and Guggenheim as well as Shalom McKenzie, an online gambling entrepreneur and investor who also invests in NFTs.
– The company will use its capital to grow its artist community and scale its app-enabled subscription and purchase platform, which is blockchain–based and will include a trading-enabled marketplace for NFTs and other digital art assets.

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Apps Artificial Intelligence Consumer Software iOS Mobile Apps North Africa and the Middle East Photo Editing Video

Facetune maker Lightricks raises $130 million ahead of M&A plans

– Lightricks, an Israeli mobile photo and video editing company, raised $130m funding.
– The round was led by Insight Partners and Hanaco Venture Capital and includes new investors Migdal Insurance, Altshuler Shaham and Shavit Capital.
– Existing investors Goldman Sachs Asset Management, Claltech, Harel Insurance and Finance, and Greycroft also participated.
– The company has raised $335m to date.
– It has been best known for its photo-editing app Facetune.

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Cloud Security Cyber Security Network Security North Africa and the Middle East

Data operations platform Satori nabs $20M

– Satori announced that it raised $20 million in a series A round led by B Capital Group and Evolution Equity Partners, with participation from Satori’s seed investor YL Ventures.
– The company says it’ll use the funds, which bring its total raised to $25 million, to support product R&D and expand its go-to-market operations in the U.S.
– As enterprises look to move data and analytics to the cloud, they are in some cases facing challenges, slowdowns, and other major barriers to entry.
– Over 90% say that migration is going slower than it should, mainly due to concerns about compliance, security, and technology maturity.

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Cyber Security Network Security North Africa and the Middle East

Cynamics Raises $7M in Funding

– Dynamics, an Israeli AI-driven Next Generation (NG) Network Detection and Response (NDR) startup, raised $7m in funding.
– The round was led by Marius Nacht, Checkpoint Software Technologies co-founder and one of Israel’s leading serial entrepreneurs, tech founders and investors, with participation from Colibri Technologies and Fantail Ventures.
– The company is establishing a new headquarters in Boston, which will lead expansion in the U.S. and serve over 80 North American customers to date.

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E-Commerce Marketplace North Africa and the Middle East

Egyptian startup Capiter raises $33M to expand B2B e-commerce platform across MENA

– B2B e-commerce startup Capiter raised $33m in Series A funding.
– The round was co-led by Quona Capital and MSA Capital.
– Other participating investors include Savola, Shorooq Partners, Foundation Ventures, Accion Venture Lab and Derayah Ventures.
– Capiter was launched in July 2020 by Mahmoud Nouh and Ahmed Nouh.
– The company solves problems around reach and insights for suppliers and manufacturers.

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North Africa and the Middle East Software

Customer success platform EverAfter raises $13M

– EverAfter, a Tel Aviv, Israel-based customer success platform, announced that it raised $13 million in seed funding contributed by TLV Partners and Vertex Ventures, with participation from Benny Shneider, Zohar Gilon, and Amit Gilon.
– The proceeds will be put toward expanding the company’s workforce, CEO Noa Danon says, as well as growing EverAfter’s product footprint.
– In the coming years, 89% of businesses are expected to compete mainly on customer experience, according to Gartner — a stat highlighting the importance of customer retention.
– Attracting a new customer is on average 6 to 7 times more expensive than retaining a current one, and the churn associated with customer onboarding and retention are estimated to reach $136 billion annually in the U.S.

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Cloud Security Cyber Security North Africa and the Middle East

Rezilion Raises $30M in Series A Funding

– Rezilion provides security automation software for DevOps.
– The company raised $30m in Series A funding.
– The round was led by Guggenheim Investments with participation from JVP and Kindred Capital.
– The new investment will be used to scale the company’s go-to-market approach, partnering with other DevSecOps solution providers as well as growing operations to expand its customer base across the US and Europe, and develop the product to further close the gap between security and engineering.

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B2B Insurance InsurTech North Africa and the Middle East Productivity Tools SaaS

Insuretech Innovator, Five Sigma, Raises $12 Million to Accelerate Growth and Expansion Plans

– Five Sigma, an industry leading claims platform provider, has raised $12M in a Series A round led by 83North and featuring existing investors F2 Venture Capital and Pipeline Capital.
– New investors include Eyal Ofer’s O.G. Tech, Xceedance and iGlobe Partners.
– This brings the company’s total funding to date to $18M.
– Five Sigma delivers a cloud-native, data-driven claims management platform with embedded AI/ML capabilities that enables insurance firms to handle customers’ claims better and faster.
– The insurance space is going through major changes with new products, new and evolving business and risk models, and new consumer expectations.
– Five Sigma’s approach to claims management process and claims data addresses these rapid changes and new requirements.

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Banking Financial Services Micro Lending North Africa and the Middle East

Egyptian fintech MNT-Halan lands $120M from Apis Partners, DisrupTech and others

– MNT-Halan, a fintech company, raised $120m funding.
– The round was led by private equity firms Apis Growth Fund II, Development Partners International and Lorax Capital Partners, as well as VCs like Middle East Venture Partners, Endeavor Catalyst and DisruptTech.
– It brings the total funding to $150m.
– The company plans to use the funding to expand its services across Egypt and the MENA region.

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E-Learning Ediscovery EdTech Gaming North Africa and the Middle East

Toya Raises $4M in Funding

– Toya, a Tel Aviv, Israel-based female-founded gaming studio, raised $4m in funding.
– The round was led by Drive by DraftKings, with participation from Remagine Ventures and Powerhouse Capital, as well as 1Up Ventures, early Roblox investor Craig Sherman, and NFL legend Eli Manning.
– The new investment will be used to enhance the company’s current product offering, integrate new titles onto its platform and expand its hiring and partnerships efforts.

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North Africa and the Middle East Quantum Computing Software Software Engineering

Quantum computing startup Quantum Machines raises $50M

– Quantum Machines, a company that’s setting out to “bring about useful quantum computers,” has raised $50 million in a series B round of funding as it looks to fund expansion into quantum cloud computing.
– The company is focused on developing a new approach to controlling and operating quantum processors.

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Agriculture AgTech Farming Information Technology Internet of Things North Africa and the Middle East Software

Fieldin Raises $30M in Series B Funding

– Fieldin is an USA and Israel-based AgTech startup.
– Company raised $30M in Series B funding.
– The round was led by Fortissimo Capital with participation from Zeev Ventures, Icon Ventures, Maor Investments, Akkadian Ventures, Terra Ventures, Gal Ventures, Germin8, and Mindset.
– The new investment will be used to expand operations and business reach.

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Financial Services FinTech North Africa and the Middle East Payments

PayEm Raises $27M In Funding

– PayEm is a Tel Aviv, Israel-based global spend and procurement platform for high-growth and multinational organizations.
– The company raised $27M in funding.
– The round consists of a $7M seed funding round led by Pitango First and NFX with participation by LocalGlobe and Fresh Fund, followed by a $20M Series A led by Glilot+, the early growth fund of Glilot Capital Partners.

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Computer North Africa and the Middle East Software

Foretellix Closes $32M Series B Funding Round For Ensuring The Safe And Efficient Deployment Of Automated Driving Systems

– Foretellix announced a $32m Series B funding round, bringing its total raised capital to over $50m.
– The round was led by MoreTech Ventures with participation from several strategic investors, including Volvo Group Venture Capital, Nationwide and Japan-Israel High Tech Ventures. In addition, all series A investors, including 83North Ventures, Jump Capital, OurCrowd and NextGear participated in this new investment round.
– Foretellix was founded in 2018 by a team of verification and validation pioneers with a mission to make automated driving systems safe and efficient.

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B2B E-Commerce FinTech North Africa and the Middle East Payments

Balance Raises $25M in Series A Funding

– Balance is a San Francisco, CA-based payments experience platform for B2B eCommerce.
– Company raised $25m in Series A funding.
– The round was led by Ribbit Capital, with participation from Avid Ventures as well as existing investors Lightspeed Ventures, Stripe, Y Combinator Continuity Fund, SciFi VC and UpWest, and individuals Jacqueline Reses (formerly Head of Square Capital) as well as additional early employees and executives from Square, Plaid, Coinbase, Stripe, and PayPal.
– The new investment will be aimed at expanding the company’s business reach.

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B2B E-Commerce Internet North Africa and the Middle East

MaxAB gets an extra $15M, acquires YC-backed Moroccan startup WaystoCap

– MaxAB, the Egyptian B2B e-commerce platform, raised $15m in Series A extension.
– The round was led by existing investors RMBV, IFC, Flourish Ventures, Crystal Stream Capital, Rise Capital, Endeavour Catalyst, Beco Capital and 4DX Ventures.
– The company plans to launch new product offerings and grow its team.
– It also acquired WaystoCap, a Moroccan B2B e-commerce and distribution platform.

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Artificial Intelligence Health Care Medical North Africa and the Middle East Software

Israel’s DiA gets $14M to expand AI-driven ultrasound analysis

– Israel-based AI healthtech company, DiA Imaging Analysis, which is using deep learning and machine learning to automate analysis of ultrasound scans, has closed a $14m Series B round of funding.
– Backers in the growth round, which comes three years after DiA last raised, include new investors Alchimia Ventures, Downing Ventures, ICON Fund, Philips and XTX Ventures — with existing investors also participating, including CE Ventures, Connecticut Innovations, Defta Partners, Mindset Ventures, and Dr Shmuel Cabilly.
– The latest financing will allow DiA to continue expanding its product range and go after new and expanded partnerships with ultrasound vendors, PACS/Healthcare IT companies, resellers and distributors while continuing to build out its presence across three regional markets.

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Automotive North Africa and the Middle East Power Grid Semiconductor Vending and Concessions

VisIC Technologies Raises $35M in Funding

– VisIC Technologies, a Ness Ziona, Israel-based world leader in GaN electronics for xEV applications, focused on high-power automotive solutions, raised $35M in funding.
– The round was led by GoldenSand Capital and HG Semiconductors through Fast Semi Corporation.
SuZhou industrial partner joined the round as a co-investor with an additional $10M.
– The company intends to use the funds to expand operations and its business reach.

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Cyber Security Information Technology Network Security North Africa and the Middle East Software

Hunters Raises $30 Million Round to Lead the Open Extended Detection and Response (XDR) Market

– Hunters announced a $30m Series B round led by Bessemer Venture Partners, with participation from existing investors YL Ventures, Blumberg Capital, Microsoft’s Venture Fund M12 and U.S. Venture Partners.
– The new funding brings the total investment to $50.4m.
– Companies targeted by complex security threats select Hunters XDR for its proven ability to accelerate threat detection, investigation and incident response.
– Among them are recognized brands in the financial services, technology, retail, manufacturing and media industries.

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