MotorK, a Milan, Italy–based SaaS provider serving the automotive retail industry across the EMEA region, has secured an additional €3 million in financing. Investors The funding was provided by Atempo Growth, a London-based firm specializing in venture debt and flexible growth lending for high-growth technology companies across Europe. Founded in …

Stowlog, a Castellón, Spain-based SaaS platform focused on the digitization of health, safety, security, and environment (HSSE) procedures in port logistics facilities, has closed a €1 million investment round. Investors The round was led by Draper B1, with participation from First Drop and Castellón-based technology group Cuatroochenta. Draper B1 (formerly …

Ballurh, a Riyadh, Saudi Arabia-based AI-powered SaaS platform for restaurants and cloud kitchens, has secured a strategic investment. Investors The investment was from Falak Angels Network, a Saudi-based investment network that serves as the angel-investing arm of Falak Investment Hub. Founded in 2018, the network is designed to bridge the …

Rewaa, a Saudi Arabia-based retail technology company that provides a cloud-based platform for SMEs, has closed a $45 million Series B funding. Investors The round was led by Wa’ed Ventures, Idrisi Ventures, and Unity Ventures, with participation from Vision Ventures, RZM Investments, Sedco Capital, Saned Partners, Palm Ventures, and Abdulrahman …

Moonshot AI, a Beijing, China-based artificial intelligence company, has raised $500 million in a Series C round, boosting its valuation to $4.3 billion. Investors The round was led by IDG Capital, with participation from existing investors Alibaba Group Holding and Tencent Holdings. IDG Capital is a global investment powerhouse and …

Testify, a South Korea-based startup developing generative AI-powered software quality assurance (QA) solutions, has secured $69,000 (100 million KRW) in Seed funding. Investors The investment was provided by Gyeonggi Center for Creative Economy & Innovation (Gyeonggi CCEI), a South Korean startup accelerator and innovation hub located in Pangyo Techno Valley. …

GameByte, an Istanbul, Turkey–based AI-powered game creation platform, has secured $1 million in funding at a $10 million valuation. Investors The round was led by Webrazzi GSYF, the venture capital arm of Webrazzi, with legal support provided by Arıkan Law Firm. Webrazzi GSYF is a venture capital investment fund established …