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# Weekly Roundup: Middle East startup and VC deals
- URL: https://www.techloy.com/this-week-in-tech-middle-east/
- Published: 2022-01-05T18:10:00.000Z
- Updated: 2022-04-18T17:27:31.000Z
- Author: Techloy
- Tags: Tech in the Middle East, / Startups, / Money, Roundup

Here are the startup and VC deals we tracked across the Middle East region this week.

- 🇮🇱 **Israeli battery maker StoreDot has raised $80 million** in a Series D funding round led by Vietnamese EV maker VinFast.
- 🇦🇪 **UAE-based blockchain provider VEROFAX has 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, to expand its sales and marketing activities globally, ahead of a planned Series A round.
- 🇮🇱 **Google is acquiring Israeli cybersecurity startup Siemplify for $500 million**, making it the tech giant's first foray into the cybersecurity sector in Isreal.
- 🇸🇦 **Saudi Arabia's Shuttle, a freight and logistics startup closed a SAR3.75 million ($1 million)** Bridge to Seed round led by Impact46 with participation from regional investors, to improve its IoT infrastructure and cover more areas in the country.
- 🇸🇦 **Saudi Arabia-based B2B e-commerce marketplace Sary raised $75 million** in a Series C round led by Sanabil Investments, just seven months after raising its $30.5 million Series B round, to be used to invest in its product development and geographical expansion.
- 🇮🇱 **Israel's Future Meat Technologies**, a biotech firm that produces cultured meat from chicken cells, **raised $347 million** in a Series B funding round from ADM Ventures and others, to build a US production facility for its cell-grown meat products.
- 🇴🇲 **Oman’s first food delivery app, Akeed raised $2.5 million** in a Series A round from Phaze Ventures and IDO (Sovereign Fund).
- 🇮🇱 **Israel’s technology firms saw a 520% surge in the number of exits in 2021,** reaching a total value of $82.4 billion, up from $15.4 billion in 2020, according to PwC Israel.
- 🇮🇱 **Israeli's First Digital Bank**, an AI-based digital bank aspiring to democratize access to private banking, **raised $120 million** from Swiss wealth management group Julius Baer, Japanese financial conglomerate SBI, and China-based tech firm Tencent, at a valuation of $320M.
- 🇮🇱 **Israeli-based Agtech startup Greeneye**, which provides AI-enabled precision spraying technology for agricultural applications, **raised $22 million** in funding led by JVP.
- 🇵🇰 **Pakistani fintech startup Creditbook**, which provides digital bookkeeping services, **raised $11 million** in a pre-series A round co-led by Tiger Global.
- 🇮🇱 **Israel-based data analytics platform SQreamTech** announced its acquisition of no-code cloud data platform Panoply for an undisclosed sum.

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*[The Draft](https://www.techloy.com/tag/the-draft/)* provides a weekly roundup of the most important tech news across key emerging markets in Africa, Asia, Eastern Europe, Latin America, and the Middle East. Follow the rest of our coverage [@techloy](https://twitter.com/techloy) on Twitter.