MENA Tech
Gulf AI startup 1001 raises $30m Series A led by Lux Capital
Gulf- and London-based 1001 closed a $30 million round to build sovereign AI for Gulf critical infrastructure, with PIF unit Sanabil joining.
MENA tech news: digital government strategies, investment, startups, cloud and AI projects across Saudi Arabia, the UAE, Qatar, Egypt, Jordan and Lebanon.
Gulf- and London-based 1001 closed a $30 million round to build sovereign AI for Gulf critical infrastructure, with PIF unit Sanabil joining.
Regional technology spending is on track for $169 billion in 2026 as capital pours into AI infrastructure, data centres and a fresh…