National Technology Development Program News Today

Next45gen global engagement tech leader Merit secures 12M surpassing 5M Goal in Oversubscribed Pre45Series B Financing

RIYADH: Military industries are set to receive a boost with the Federation of Saudi Chambers announcing the formation of the first special national committee of its kind.  This marks the first time that a committee focused on the defense sector has been formed under the umbrella of the private sector, represented by the Saudi body.  Its purpose is to collaborate...

Saudi Arabia-based logistics startup PIESHIP has closed an undisclosed pre-Seed investment round by SEEDRA Ventures, Nama Ventures, and...

Saudi Arabia’s National Industrial Development and Logistics Program (NIDLP) signed an agreement with Newlab, a leading company in technology, innovation, and the development of sustainable solutions related to the energy, mining, industrial, and logistics sectors. The agreement, which was signed during the international Future Minerals Forum 2024 in Riyadh, involves the establishment of a regional headquarters in the Kingdom of Saudi Arabia under the name “Nwelapksa”.

Hakbah, the leading Saudi-based fintech savings platform, announces its successful $5.1 million Series A fundraise.

Hakbah, the leading Saudi-based fintech savings platform, announces its successful $5.1 million Series A fundraising. The funding round was led by VentureSouq - the MENA-based venture capital firm with a global portfolio. Also participating were new investors M-Capital and Bunat Ventures; and existing investors Global Ventures and Aditum Investment Management Ltd.

Saudi Arabia launched The Garage, the region's largest business accelerator, in an event at the King Abdulaziz City for Science and Technology in Riyadh. The Garage's new headquarters opened on an area of 28,000 square meters on the main campus of King Abdulaziz University for Sciences and Technology (KAUST) in the presence of Minister of Communications and Information Technology Abdullah al-Swaha, Minister of Municipal and Rural Affairs and Housing Majed al-Hogail, and Minister of Med...

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Generative AI accelerator said it has allocated $160 million for 120 startups in Saudi Arabia. It helps empower the environmental AI systems through programmes that target entrepreneurship and tech startups and woos Al-driven businesses into the kingdom.

Supported by Saudi Data and Artificial Intelligence Authority (SDAIA) and the National Technology Development Program (NTDP), in cooperation with New Native Inc., GAIA, the generative artificial-intelligence (AI) accelerator, contributed to supporting and empowering start-ups specialized in generative AI with the aim of improving them and accelerating their entry to the market.