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# Weekly Roundup: The Middle East tech news and startup deals
- URL: https://www.techloy.com/weekly-roundup-the-middle-east-tech-news-and-startup-deals/
- Published: 2021-12-18T19:20:00.000Z
- Updated: 2022-04-18T18:21:28.000Z
- Author: Techloy
- Tags: Tech in the Middle East, / Startups, / Money, Roundup

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

- Israeli's **First Digital Bank**, an AI-based digital bank aspiring to democratize access to private banking, says it has raised $120M from Swiss wealth management group Julius Baer, Japanese financial conglomerate SBI, and China-based tech firm Tencent, at a valuation of $320M.
- Pakistani fintech startup **Creditbook**, which provides digital bookkeeping services, has raised $11 million in a pre-series A round co-led by Tiger Global.
- Israeli-based Agtech startup **Greeneye**, which provides AI-enabled precision spraying technology for agricultural applications, has raised $22 million in funding led by JVP.
- UAE-based **Chimera Capital** says it has closed its first venture capital fund at $75 million, backed by Mubadala alongside other regional and global limited partners, to target investments that are well-diversified geographically and encompass stages spanning from early growth to pre-IPO.
- Istanbul-based casual and mobile gaming startup, **Libra Softworks** has raised $30 million in new funding led by Turkey’s Actera Group.
- Tel Aviv-based cybersecurity startup **Guard.io**, an AI-powered browser extension that protects its over one million users from cyber threats, has raised $47 million in funding led by Tiger Global.

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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.