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UAE AI start-up AIREV secures investment from Ireland’s Venturewave Capital | Emirates News Agency - وكالة وام

WAM · Apr 15

UAE-based artificial intelligence startup AIREV has secured an investment from Ireland's Venturewave Capital. This funding marks a collaboration between the UAE's burgeoning tech scene and international investment in AI ventures. The announcement did not detail the specific amount of the investment or the exact nature of AIREV's AI products. Why it matters: This investment signifies growing international interest in and support for AI innovation emerging from the Middle East, particularly the UAE.

MBZUAI Incubation and Entrepreneurship Center powers next-gen AI ventures with technical expertise and network

MBZUAI · Invalid Date

The MBZUAI Incubation and Entrepreneurship Center (MIEC) is supporting AI startups in Abu Dhabi, leveraging its position as the region’s first AI-native incubator. In its first year, MIEC has supported nine startups that have attracted external funding exceeding internal grants by eight times. MIEC is also launching an AI-focused Mentors Network connecting international AI experts and investors with startup founders. Why it matters: MIEC's activities help grow the AI ecosystem in the UAE, which is seeing rapid growth in the number of AI companies.

Alumnus innovator builds AI venture

MBZUAI · Invalid Date

MBZUAI alumnus Abdulwahab Sahyoun launched SnowHeap LLC, an AI-powered data analytics company. Sahyoun, a machine learning engineer with roots in Lebanon, aims to provide strategic tech consulting and develop in-house AI products. He was inspired by MBZUAI and the UAE's startup ecosystem to pursue his entrepreneurial ambitions. Why it matters: The story highlights MBZUAI's role in fostering AI entrepreneurship and the UAE's attractiveness for AI ventures.