MGX’s $49B, sovereign AI, and Anghami’s exit
The Gulf wrote checks with a lot of zeros this week — Abu Dhabi closed the largest sovereign AI fund on record, 1001 raised $30M for sovereign infrastructure AI, and OSN moved to take Anghami private.
| Startup | Country | Sector | Stage | Amount | Lead |
|---|---|---|---|---|---|
| 1001 | GCC / UK | Sovereign AI | Series A | $30M | Lux Capital |
| Maalexi | UAE | Agri-fintech | Pre-Series A | $2.8M | Tawuniya |
| BrainsMingle | Egypt | AI / network | Seed | $400K | BasharSoft |