PC: Entrackr

Oraseya Capital’s Strategic Investments

Oraseya Capital, DIEZ’s venture capital arm, has announced an investment of over $1 million in seven innovative tech startups. Each of the selected startups from SANDBOX’s fourth accelerator program will receive $150,000. They include:

  • Qureos: recruitment technology with automated hiring solutions.
  • Herogo: sustainable food technology, subscription-based.
  • Lisan: generative AI focused on Arabic linguistics.
  • Sthrive: B2B SaaS for retail sales and performance.
  • Zoya: Fintech for accessible halal investments
  • JobEscape: AI tools for upskilling freelancers and employees
  • Opteam: AI driven project management in construction

Strategic Growth and New Ventures

Waheed, Vice President – Corporate Finance and Treasury at DIEZ, currently Partner at Oraseya Capital, mentioned the overall success of the initiatives and innovative projects being supported. Oraseya Capital also led the investment round in Growdash, a SaaS platform for restaurants, while also participating in funding rounds for the following:

RemotePass: HR tech for managing remote teams.

iSchool: EdTech startup for digital skills.

SANDBOX Accelerator Program

SANDBOX, part of Oraseya Capital, runs its five-month program with workshops and mentoring. The upcoming fifth edition, September 2024, has gathered more than 1,100 applications, an indication of its growing influence.

CAMB.AI’s Aggressive Expansion Efforts

CAMB.AI, a cutting edge dubbing startup in Dubai, is breaking language barriers with advanced AI technology in real-time dubbing across over 100 languages. Visionary founders Avneesh and Akshat Prakash instil in CAMB.AI a focus of interest and distinction when working on several prestigious projects, including the film ‘THREE’ by acclaimed director Nayla Al Khaja.

The company has just raised a chunky $4 million in its new fundraising round, which is going to put CAMB.AI on an extremely fast lane of development and expansion. This influx of capital will further enhance the startup’s technology and global expansion. CAMB.AI has already established strategic partnerships with major companies such as Major League Soccer, Tennis Australia, and Maple Leaf Sports and Entertainment.

Conclusion 

Oraseya Capital’s investment, coupled with that of other stakeholders, gets right to the very heart of Dubai’s commitment to nurturing and supporting state-of-the-art technology startups. They are part of more far-reaching efforts that the region is making to create a dynamic entrepreneurial ecosystem. In funding organisations like CAMB.AI that promise transformative innovations of huge growth potential, Dubai will have established itself as a significant player in the global tech terrain and nurtured an ecosystem for disruptive innovation.