Why AI startup funding may be losing its lustre in Mena – Arabian Gulf Business Insight
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Why AI startup funding may be losing its lustre in Mena – Arabian Gulf Business Insight
Only $200k raised in June More familiar sectors preferred Need ‘patient, long-term’ capital Artificial intelligence funding in the Middle East is failing to meet expectations, new data suggests. In June AI startups raised only $200,000 in the Middle East and North Africa region, according to data from research platform Wamda. While June was a slower month for all startup funding, the fintech sector by comparison still raised $38 million. May w…
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