Author: Arabian Media staff
Image credit: Supplied LEOS Developments has unveiled the full AI vision behind LEOS Royal, its Dhs5bn-plus master community under development in Dubai. Positioned to become the world’s first AI-powered green community, LEOS Royal aims to set a new global benchmark for how intelligent technology, sustainability, and modern living can be seamlessly integrated within a master-planned environment. Located in Wadi Al Safa 5 in Dubailand, the project has been designed as a future-ready ecosystem aligned with Dubai’s 2040 Urban Master Plan. The community will feature more than 16,000 trees, botanical gardens, crystal-clear lagoons, and over 800 premium villas and townhouses, all…
Representational image Sweden’s Saab AB SAABb.ST has made offers of its GlobalEye surveillance planes to Qatar and Saudi Arabia as part of a broader effort to drive demand for its military aircraft, the defence group’s CEO said on Thursday. “We are campaigning, and we have given them offers,” Saab CEO Micael Johansson told Reuters in an interview. Qatar and Saudi Arabia have both shown interest in the early-warning and control aircraft already ordered by the United Arab Emirates, he said. “We are looking forward to how the decision process will look like in these countries.” Saab, which won orders from France earlier this…
Image: Getty Images Abu Dhabi is seeking partners to carry out infrastructure projects worth $54bn over the next five years, and aims to double that amount by 2040, the head of Abu Dhabi Projects and Infrastructure Centre (ADPIC) said on a tour of Istanbul. Officials from ADPIC, which manages government capital projects, met with Turkish contractors, developers and construction companies during the visit to Turkey, which came after separate trips to Singapore and China. The group will decide on a short list of companies from Turkey, Singapore and China for the planned domestic projects, ADPIC director Maysarah Mahmoud Salim Eid told reporters on…
Kalshi, a prediction market that allows people to bet on future events, has raised a massive $1 billion round at a $11 billion valuation, according to a person familiar with the deal. The round comes less than two months after the seven-year-old startup announced its previous fundraise of $300 million at a $5 billion valuation. The latest round is led by the company’s returning investors Sequoia and CapitalG, the person said. Other investors in Kalshi include Andreessen Horowitz, Paradigm, Anthos Capital, and Neo. Kalshi and Sequoia declined to comment. Capital G didn’t respond to our request for comment. Kalshi’s main…
For San Francisco-based startup Point One Navigation, the value of ‘location, location, location’ extends well beyond real estate. And investors seem to agree. Point One Navigation, a startup that has developed precise location technology, has just raised $35 million in a Series C round led by Khosla Ventures. The company’s post-money valuation is now $230 million, according to one insider familiar with the deal. Point One, which was founded in 2016, has developed precise location technology that can be applied to any vehicle that moves from autonomous consumer lawnmowers and drones to robots, consumer vehicles, agriculture equipment, and even humans…
Build Mode is back with another episode! This season is highlighting lessons learned from the world of go-to-market strategies. Startup Battlefield editor Isabelle Johannessen sat down with Luna co-founder Jas Schembri-Stothart and Untapped Solutions founder Andre Peart for their unique perspectives on reaching niche customer segments following their own candidacy during the 2024 Startup Battlefield competition. If our first episode, with Deon Nicholas, co-founder of Forethought AI, we explored what it takes to create a company with a customer-first approach. And in our second episode, we’re diving into guerrilla tactics and experiments that worked in reaching two very different target audiences: teenage girls and formerly incarcerated workers. For Luna, which is a well-being app for girls, the difficulty in…
The Securities and Exchange Commission has accused content monetization startup Curastory of overstating revenue to investors and misrepresenting true client numbers, according to paperwork seen by TechCrunch. As a result of a settlement with the SEC, Curastory’s founder and CEO, Tiffany Kelly, has resigned from the role and replaced herself with Dave Dickman, former CEO of the influencer marketing platform Tagger. Under Dickman’s leadership, the company has begun fundraising, international expansion plans and product updates, Kelly and Dickman tell TechCrunch. The settlement agreement specifically barred Kelly for ten years from serving on the board of directors or as an executive at any company that would, essentially, fundraise. TechCrunch saw a version of this agreement that had not yet been finalized. It stated that Kelly agreed to these stipulations without admitting…
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