Hello Doer! 🌅
The past week is in the books, and we’ve rounded up the sharpest moves redefining the startup scene. Take a quick scroll & stay ahead.
🌍 Europe
France’s Mistral AI confirms €1.7 B Series C led by ASML, valuing the startup at ~€11.7 B.
CuspAI, based in Cambridge UK, raises over $100 M Series A to build an AI “search engine” for new materials such as clean energy catalysts and advanced semiconductors.
ReOrbit, a Helsinki space tech company, raises €45 million Series A, Finland’s largest all-equity round, to expand sovereign satellite manufacturing.
🌍 MENA
MENA startups raised $337.5 million in August, with most activity in Saudi Arabia and the UAE, though totals cooled after July’s record month.
Orbii in Saudi Arabia raised $3.6M to expand embedded credit infrastructure for SME lending.
TERN Group, based in the UAE and UK, raised $24M Series A to scale its AI-powered platform that trains, certifies, and deploys healthcare workers across the GCC and Europe.
🌎 U.S.
Apex hits unicorn status with $200M Series D, amid US space-defence demand surge.
OpenAI acquires Statsig for ~$1.1B in all-stock deal, installs its CEO as CTO of Applications.
Perplexity reportedly raises $200M at a $20B valuation.
🌐 The countdown begins…🔜🇦🇪
In just two months, Doers Summit lands in Dubai for the very first time
Get ready for 3,000+ doers converging at Dubai Silicon Oasis. Startups can claim the spotlight to pitch, secure curated meetings, and forge partnerships that fuel real growth.
🏆 Doer Highlight
Jamil Shinawi: Tech Innovator
🌉 Background: Jamil Shinawi is a deep-tech founder, investor, and CEO of AHOY.
👑 Achievement: He has built and exited 9 companies across multiple markets.
🤔Interested? You can hear his story live at Doers Talk in Bratislava on Sept 23.
Till next week,