Weekly Roundup: The Middle East tech news and startup deals

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

Weekly Roundup: The Middle East tech news and startup deals
Photo by NASA / Unsplash

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

  • Israel-based quantum computing software company Classiq raised $33 million in a Series B funding round from Hewlett Packard Pathfinder, Phoenix, Spike Ventures, and other investors.
  • Israeli AI image mapping platform Exodigo raised $29 million in seed funding led by Zeev Ventures and 10D Ventures.
  • Pakistan-based fintech platform NayaPay raised $13 million in a seed round led by Zayn Capital, MSA Novo, and Graph Ventures, in one of the largest seed rounds in South Asia to date.
  • Israel-based proprietary cultivation process developer Vanilla Vida raised $11.5 million in a Series A round led by Ordway Selections, with participation from FoodSparks, and others.
  • UAE-based car-sharing app Udrive raised $5 million in funding from Cultiv8 and Oman Holding International to support the company's expansion plans in the Middle East.
  • Health-tech platform Nabta Health, which provides health insights and diagnostic services on issues surrounding fertility, conception, and overall female health, closed a $1.5 million seed round led by Basim Anwer of Regionality Group of Companies.
  • Uzbekistan-based fintech startup IMAN raised $1 million in a seed round from Battery Road Digital Holdings, Tesla Capital, UZCARD Ventures, MyAsiaVC, Le Mercier’s Capital, Block0, Vector Crypto Capital, and IT-Park Investments, and a group of angel investors from the United States, Uzbekistan, Kazakhstan, and Singapore.

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 on Twitter.