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Qashio fintech enters MENA market with $2.5m pre-seed fund

UAE-based finance and human resources fintech Qashio raised $2.5 million in a pre-seed round, led by venture capital firm MSA NOVO. The money will be used by the firm to expand its operations team and customer support, and improve current features and integrations with rewards programs, MAGNiTT reported. Qashio is designed to help finance and human resources departments have
Saudi Arabia Jonathan Lau Armin Moradi Danske Bank Rally Cap Ventures Palm Drive Capital

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AI-biotech Terray emerges with $60M and a solution for data problems in drug R&D

Terray Therapeutics uses tiny microarrays to test molecules against targets of interest, then applies artificial intelligence to build large chemical datasets. The startupโ€™s Series A financing will support R&D initially in immunology; the first Terray molecule is expected to reach the clinic in 18 months.
United States Al Iskandariyah Madrona Venture Group Jacob Berlin Deli Berlin Madrona Venture

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