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Edtech start-up ClassMonitor raises ₹3.5 crore - The Hindu BusinessLine

May 19, 2021
To use funding to expand, boost content and technology for end users
Edtech start-up ClassMonitor has raised ₹3.5 crore as part of its pre-Series A round from construction firm Path India Ltd, UAE-based Calega family office investor group and Sarvann, a group of Oman-based investors.
The start-up will use the fresh funds to build its presence across other nations and strengthen its content and technology for the end users.
To date, the company has raised ₹6 crore since its inception in 2016. As part of its angel round, ClassMonitor was backed by Piyush Jain, Chief Financial Officer of Al Hajri group, an angel investor who has invested in over 25 start-ups across the globe. ....

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First UAE-made smart loitering munitions unveiled

(MENAFN - Khaleej Times) The UAE-based Edge Group, with focus on autonomous systems and smart weapons, launched its first family of multirotor loitering munitions in Abu Dhabi on Sunday.
The electric unmanned aerial vehicles - QX1, QX2, QX3, and QX4 - were launched on the first day of the International Defence Exhibition (IDEX) and the Naval Defence Exhibition (NAVDEX). Additionally, Shadow 50 and Shadow 25, Rash 2 gliding munition kit, as well as new variants of the RW24 range were unveiled.
Faisal Al Bannai, CEO and managing director of EDGE and Ali Al Yafei, CEO of ADASI, expressed great pride at the progress made in autonomous capabilities. ....

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