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Former Yahoo CEO’s new venture Dazzle AI raises $8M

Dazzle AI, a new company founded by entrepreneur, executive, and former Yahoo CEO Marissa Mayer, announced it has raised $8 million in seed funding at a $35 million post-money valuation. The round was led by Kirsten Green of Forerunner with participation from Kleiner Perkins, Greycroft, Offline Ventures, Slow Ventures, and Bling Capital.

Leveraging her experience at Google, Yahoo, and in user-centered technology, Marissa is dedicated to Dazzle AI’s mission of making technology more intuitive and genuinely useful in everyday life. The company aims to close the gap between what people want to do and what they can do with AI, developing tools that make technology simpler, smarter, and more approachable.

“Throughout my career, I’ve loved making complex technology more intuitive,” said Marissa Mayer, Founder and CEO of Dazzle AI. “With Dazzle, our goal is to make AI feel simple, helping people get more done and delighting them along the way. Now that foundational models have reached a level of consistent excellence, they’ve become a reliable infrastructure. The new frontier is applications—leveraging that power to create real, tangible value. I’m thrilled to be building something new alongside an incredible group of investors and partners.”

“The builders of tomorrow’s winning platforms are not thinking in terms of incremental improvements or previous playbooks – they are thinking in entirely new ecosystems, with the courage to imagine paradigms that do not yet exist. As a leader, Marissa embodies the ambition and bravery that’s essential to taking this kind of big swing,” said Kirsten Green, Founding Partner at Forerunner. “We have barely scratched the surface of having AI integrated into daily routines in a way that feels human, enriching, and transformatively useful.”

This funding allows Dazzle AI to expand its team and prepare for its first product launch in the coming months.

 

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SEF 2026 unveils masterclass series for founders

The Sharjah Entrepreneurship Festival (SEF 2026) is expanding its support for founders by introducing a series of masterclasses designed to equip entrepreneurs, creators, and early‑stage startups with practical skills to build, grow, and sustain their ventures.

Hosted within the SEF Academy, the masterclasses offer applied, skill‑driven learning led by regional and international experts, covering funding, technology, branding, creative growth, leadership, and founder wellbeing. SEF 2026 will take place on January 31 and February 1 at the Sharjah Research Technology and Innovation Park (SRTIP), welcoming more than 14,000 global attendees, including founders, investors, and ecosystem leaders.

Building and funding a business A core focus of SEF 2026 is strengthening the fundamentals of venture building. ‘Demystifying the Mechanics of Equity Fundraising’ provides founders with a practical understanding of cap tables, equity structures, and investor readiness. ‘Money Mastery 101’ helps participants manage personal and business finances, while ‘Consumer Spending Behaviour: Patterns & Risks’ explores how market dynamics influence pricing and demand.

AI, technology, and automation Technology‑driven execution features prominently, with sessions on applying AI in real business contexts. ‘Artificial Intelligence Automation for Businesses’ examines how AI agents streamline operations and customer engagement, while ‘Building Your AI Workflow for Storytelling and Creativity’ shows founders and creatives how to integrate AI into ideation and content production.

Brand, communication, and creative advantage Masterclasses also address visibility and communication. ‘Personal Branding for Founders’ guides participants in shaping authentic narratives, and ‘From Fear to Confidence’ strengthens public‑speaking skills for high‑stakes settings.

Creative practice and creator‑led growth For founders and creators, SEF offers hands‑on photowalks using DSLR and mobile tools, reinforcing content as a business asset. ‘AI Prompt Engineering for Creatives’ provides structured creative workflows, while ‘How to Make a Full‑Time Income with a Part‑Time Audience’ reframes audience‑building as a sustainable growth model.

Wellbeing and founder sustainability Recognizing entrepreneurial pressures, the Academy integrates wellbeing through sessions such as ‘Beat The Burn,’ offering tools to manage stress and prevent burnout.

Belong pass holders can reserve masterclasses as paid add‑ons, while Premium pass holders receive full access. Passes are available at sharjahef.com, with complimentary Student passes offered upon registration.

Organized by Sheraa, SEF 2026 will take place under the theme Where We Belong, celebrating creativity, impact, and entrepreneurship.

 

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ITIDA, 500 Global mark three years of startup impact

Egypt’s startup ecosystem is entering a more mature phase, driven by stronger institutional partnerships and rising founder ambition. A central force in this progress is the three‑year collaboration between ITIDA and 500 Global, which has helped build a more connected, performance‑driven environment for technology entrepreneurship.

ITIDA CEO Eng. Ahmed Elzaher highlighted the agency’s focus on accelerating Egypt’s tech sector, expanding digital services and offshoring exports, and nurturing startups and freelancers as pillars of the digital economy. He credited the partnership’s success to clear performance metrics, trust, and the transfer of global best practices into Egypt’s ecosystem.

A major outcome of the collaboration is the Bootcamp for Accelerator Managers (BAM), which strengthened accelerator capabilities nationwide. More than 125 managers from over 55 accelerators participated, with follow‑up assessments showing improvements in leadership roles, strategy clarity, program quality, and measurable KPI gains.

The partnership has also delivered strong results for founders. Across nine cohorts, 380+ entrepreneurs representing 197 startups participated in 500 Global’s Seed Bootcamp and Scale Up programs. These startups secured $6M in direct investment, raised over $54M in follow‑on funding, achieved two exits, won $1.3M in grants, and created more than 1,300 jobs.

The event showcased success stories from startups such as Rahet Bally, ILLA, Dayra, Amanleek, Blnk, Settle, Bluworks, Khazenly, Nowlun, and Enza, alongside founders who completed exits or mergers.

Looking ahead, ITIDA and 500 Global plan to expand their focus to deep‑tech and AI, strengthen investment readiness, and extend programs beyond Cairo through the nationwide Creativa Innovation Hubs.

500 Global’s leadership emphasized Egypt’s strong talent pool and the value of the partnership in enabling mentorship, education, and global knowledge transfer—positioning Egyptian startups to build advanced technologies and scale internationally.

Bedy Yang, Managing Partner at 500 Global, said, “We work to empower entrepreneurs worldwide through a global innovation and knowledge-transfer network. In Egypt, our partnership with the government has created clear added value for both parties, and the results have exceeded expectations”.

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Sohar International empowers Omani Entrepreneurs

Sohar International has signed a series of MoUs to establish a unified national cooperation framework supporting the creation of the Consumer Cooperative Society—an integrated pathway that guides Omani youth, freelancers, and early‑stage ventures from ideation to incubation, financing, scaling, and eventual listing on the Muscat Stock Exchange. By aligning public and private sector partners under one structured model, the initiative reduces fragmentation and ensures entrepreneurs receive consistent support at every stage.

CEO Abdulwahid Mohammed Al Murshidi said the framework reflects Sohar International’s commitment to building a credible, system‑level pathway that connects financing, regulation, skills development, and market access, enabling young entrepreneurs to progress from early ideas to commercially viable, investment‑ready enterprises.

The agreements were signed with key national institutions, including the Ministry of Labour, the Strategic and Defence Studies Academy, the Oman Chamber of Commerce and Industry, Oman LNG Development Foundation, and Petroleum Development Oman.

The Consumer Cooperative Society model provides mentorship, technical enablement, tailored financing, and market‑readiness support, helping formalise economic activity, create jobs, and strengthen SME and freelance contributions to non‑oil GDP—advancing Oman Vision 2040.

The cooperation framework integrates capabilities across the entrepreneurial value chain, including a new entrepreneurship centre with UTAS and HKUST, support for the “Estidamat Mu’asasati” platform, 14 insurance solutions for freelancers and SMEs, pre‑listing programmes with the Muscat Stock Exchange, and financing frameworks for startups and SMEs.

Sohar International continues to position itself as a catalyst for national economic progress, driving innovation and building the foundations of a dynamic, future‑ready entrepreneurial ecosystem.

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42 Abu Dhabi, ADGM Academy to advance digital skills

42 Abu Dhabi has signed an MoU with ADGM Academy to advance digital skills development and strengthen Abu Dhabi’s technology talent pipeline. The partnership aligns both institutions’ commitment to expanding access to future‑focused learning and supporting the emirate’s long‑term innovation and human capital goals.

Under the agreement, the two academies will jointly deliver programmes in coding, AI, machine learning, cybersecurity, and emerging technologies, combining 42 Abu Dhabi’s project‑based model with ADGM Academy’s Skills Lab for practical, industry‑aligned training. The collaboration will also include workshops, talks, and community programmes, as well as co‑designed hackathons and innovation challenges to build a highly skilled, market‑ready talent pool.

The MoU further supports entrepreneurship through mentorship, venture‑building, and specialised sessions that prepare founders to contribute to Abu Dhabi’s growing startup ecosystem. It also enables new academic and industry‑led pathways across fintech, digital transformation, and cybersecurity.

Leaders from both institutions highlighted the MoU as a key step in strengthening Abu Dhabi’s digital ecosystem, expanding access to advanced skills, and supporting national priorities under the UAE Digital Economy Strategy and Abu Dhabi Economic Vision.

 

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500 Global expands in Africa, backs Digital Morocco 2030

500 Global announced it has been selected to support the Ministry-led Startup VB initiative, a flagship program under the Digital Morocco 2030 strategy. This announcement marks a significant milestone in 500 Global’s continued expansion across the African continent and its work collaborating with governments to strengthen national innovation ecosystems.

Launched by the Ministry of Digital Transition and Administrative Reform (Ministry) and deployed by TAMWILCOM, the Startup VB initiative is a flagship program under the Digital Morocco 2030 strategy. Startup VB aims to strengthen Morocco’s innovation and digital competitiveness by accelerating high-potential founders and providing the training and financing pathways needed to launch and scale globally. The Ministry’s goals include enabling the development of innovative and impactful technology solutions, mobilizing founder-led financing, and advancing the country’s digital transformation. As a selected implementation partner, 500 Global is eager to help operationalize these ambitions through founder support, network access, and early-stage capability development, while strengthening Morocco’s national innovation systems.

Demola Adegbite, Partner at 500 Global, who is leading the firm’s venture investments across Africa, emphasized how this builds on more than a decade of 500 Global’s work across the continent. With over 20 years of experience in private equity, investment banking, and venture capital, Adegbite noted that closing Africa’s growth gap requires strengthening early-stage ecosystems while ensuring founders can access the right capital and capabilities as they scale. “Our work across emerging markets has shown that ecosystems accelerate fastest when public-sector leadership and private-sector expertise move in lockstep,” he said. “By supporting the Digital Morocco 2030 strategy, we look forward to connecting Moroccan founders to our global growth networks across the Middle East, Africa, and Europe, where we believe the country is uniquely positioned to serve as a bridge for global expansion.”

As Africa moves toward 2030, we see its demographic trajectory underscoring both the urgency and opportunity of investing in market-shaping innovation. With rapid urbanization and the world’s fastest-growing workforce, we believe the continent demands private capital that builds more than companies—it must also strengthen the foundations of talent, infrastructure, and policy that enable scalable, technology-led growth. By expanding its footprint across Africa, building localized teams, and supporting government initiatives such as Digital Morocco 2030, 500 Global aims to unlock strategic resources that transform emerging ecosystems into investable innovation hubs and supports the continent’s long-term development ambitions.

 

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RAKEZ signs MoU with Russia-UAE Business Council

Ras Al Khaimah Economic Zone (RAKEZ) has signed a strategic Memorandum of Understanding (MoU) with the Russia-UAE Business Council (RUBC) to strengthen cooperation, expand bilateral trade and support long-term partnerships between businesses in Russia and the UAE.

The agreement was formalised on the sidelines of the Russia-UAE Business Forum, in the presence of UAE Minister of Economy, H.E. Abdullah bin Touq Al Marri, and Russian Minister of Industry and Trade, H.E. Anton Alikhanov.

RAKEZ Group CEO Ramy Jallad and RUBC Chairman Alexander Vinokurov signed the MoU, establishing a structured framework to support the Council members and RAKEZ clients in exploring new commercial opportunities. The partnership focuses on increasing and diversifying bilateral trade, with particular emphasis on non-oil goods and services, while positioning RAKEZ as a competitive platform for Russian and Emirati companies looking to support two-way trade flows and access third markets.

Commenting on the agreement, Jallad said, “This MoU reflects the growing depth of economic engagement between the UAE and Russia and our shared focus on translating opportunity into tangible business outcomes. RAKEZ provides an integrated ecosystem that supports efficient market entry, scalable operations and access to key regional and global trade corridors. Alongside our participation in the Russia-UAE Business Forum, this partnership with the Russia-UAE Business Council creates a practical channel to support companies as they expand trade, build resilient supply chains and develop long-term collaborations.”

As part of the Forum, Jallad participated in a panel discussion on the future of trade and logistics, where he highlighted how Russian companies can benefit from setting up in Ras Al Khaimah, and outlined the specific measures RAKEZ has in place to support investors entering and expanding within the UAE market.

 

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Luma AI unveils Ray3 Modify for real‑actor AI workflows

Luma AI, the frontier artificial intelligence company building multimodal AGI, introduced Ray3 Modify – a next-generation workflow that allows real-life actor performances to be enhanced with AI, enabling creative teams to produce Hollywood-quality performances and scenes.

Ray3 Modify allows editing recorded footage in incredible new ways and is a visual effect powerhouse rolled into a single model. Available now on Luma AI’s Dream Machine platform, Ray3 Modify addresses one of the fundamental limitations of early AI video systems: their inability to reliably follow and preserve human performance.

Historically, in AI-generated video, it has been difficult to preserve timing, motion, and emotional intent during acting and scene transformations. Ray3 Modify generates content in direct response to human-led input footage, enabling brands to work with actors to promote products and personalize content while maintaining alignment with the original performance. For filmmakers, this enables directors to film actors in any world, scene, or style.

With Ray3 Modify, the human performer, camera operator, or physical input becomes the source of direction for AI. This enables AI to follow real-world motion, timing, framing, and emotional delivery. By conditioning AI generation on human-led input footage, Ray3 Modify significantly reduces guesswork and enables creators to guide shots closer to their original intent.

Ray3 Modify enables a new class of AI workflows for production, where predictability, continuity, and repeatability are essential. Ray3 Modify preserves original performance while allowing creators to change environments, styling, cinematography, and visual interpretation with intentional, scene-aware fidelity.

“Generative video models are incredibly expressive but also hard to control. Today, we are excited to introduce Ray3 Modify that blends the real-world with the expressivity of AI while giving full control to creatives”, said Amit Jain, CEO and co-founder of Luma AI. “This means creative teams can capture performances with a camera and then immediately modify it to be in any location imaginable, change costumes, or even go back and reshoot the scene with AI, without recreating the physical shoot.”

Ray3 Modify introduces four major advancements designed for real creative pipelines across media, advertising, film VFX, and creative professionals:

Keyframes (Start & End Frames)
Ray3 Modify introduces Start and End Frame control to the video-to-video workflow for the first time. This allows creative teams to guide transitions, control character behavior, and maintain spatial continuity across longer camera movement passes, reveals, and complex scene blocking.

Character Reference
Apply any custom character identity onto an actor’s original performance: a crucial functionality for actor-led projects with AI. For the first time, the feature allows locking the likeness, costume, and identity continuity of a specific character across an entire shot.

Performance Preservation
Ray3 Modify preserves an actor’s original motion, timing, eye line, and emotional delivery as the foundation of the scene, while allowing visual attributes and environments to be intentionally transformed.

Enhanced Modify Video Pipeline
A new high-signal model architecture delivers more reliable adherence to physical motion, composition, and performance. Scenes now change in ways that respect the human-led input footage, enabling intentional edits without destabilizing continuity or identity.

Together, these capabilities establish Ray3 Modify as a next-generation AI video tool purpose-built for hybrid-AI, where creative authority starts with the performer or camera, and the AI extends, interprets, or transforms that direction.

 

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Hub71, Venturewave open new pathways for founders

Hub71 is deepening its collaboration with Ireland’s technology and investment landscape through ongoing bilateral exchanges and a new strategic partnership with Venturewave Capital, one of Ireland’s leading private equity and venture capital investment firms.

The partnership also strengthens Hub71’s access to the Irish technology ecosystem, creating new entry points for Irish startups to engage with opportunities in Abu Dhabi and unlock reciprocal opportunities for founders across both markets.

Venturewave becomes Hub71’s first Irish venture capital partner and will play a key role in supporting the growth of startups in priority sectors such as Health, Education, Food & Agriculture, Climate and Sustainable Finance. The firm will also contribute to Hub71’s selection process to evaluate and support entry into Hub71 programmes and work closely with founders seeking to expand into European and North American markets.

Ahmad Ali Alwan, CEO of Hub71, said: “Our engagement with Ireland’s innovation ecosystem continues to deepen following this year’s high-level visits and ongoing collaboration. The partnership with Venturewave Capital strengthens Hub71’s venture network and opens new pathways for founders on both sides to access international markets, capital, and expertise.”

“At Venturewave Capital, we are proud to partner with Hub71 to accelerate our shared mission of driving global impact through innovation. This strategic collaboration within the dynamic ADGM ecosystem reinforces our commitment to backing transformative technology companies that solve real-world challenges. We are especially excited to foster deeper links between the UAE and Ireland as a gateway to Europe, creating new pathways for innovation, capital and cross-border collaboration,” said Alan Foy, Chairman, Venturewave Capital.

Hub71 continues to broaden its international partnerships as part of Abu Dhabi’s strategy to strengthen global innovation connections, support high-impact sectors, and create new opportunities for founders to scale globally.

 

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TallyPrime 7.0 empowers Middle East SMEs with automation, compliance, and bilingual workflows

Vikas Panchal, General Manager for MENA at Tally Solutions, says TallyPrime 7.0 empowers Middle East SMEs with automation, bilingual workflows, secure cloud continuity, and built-in compliance—enabling faster decisions, fewer errors, and confident digital transformation.

Why do you see TallyPrime 7.0 as a game-changer for SMEs in the Middle East, especially in today’s digital-first business environment?
TallyPrime 7.0 arrives at a time when SMEs in the Middle East are gearing up to operate faster, stay compliant, and make decisions based on accurate data. The release brings a stronger digital foundation, whether through secure cloud-enabled continuity, bilingual workflows, or effortless adoption of evolving compliance norms. In markets like the UAE, where digital transformation is a national priority, TallyPrime 7.0 allows SMEs to modernise without complexity. It gives business owners the confidence to automate, access data securely, and respond quickly to customers and regulators, making it a timely upgrade for a digital-first economy

What were the key customer challenges that guided the innovation and R&D behind TallyPrime 7.0?
We are consistently focused on delivering solutions for real obstacles that SMEs face daily. Whether it is managing compliance changes without technical support, protecting data securely as digital operations scale, or accessing the right information at the right time. We Customers need continuity without depending on IT teams, instant access to records across companies, and simple localisation for Arabic workflows and the national currency symbol. TallyPrime 7.0 is our attempt to remove friction from routine work and help SMEs navigate regulatory and operational demands more comfortably.

How does TallyPrime 7.0 support SMEs in the GCC as they progress on their long-term digital transformation journeys?
In the GCC, digital adoption is accelerating under national economic strategies, and SMEs are expected to adapt at the same pace. TallyPrime 7.0 supports that transition by combining automation with simplicity: secure backups through TallyDrive, intuitive data access via Smart Find, bilingual financial documentation, and compliance-aligned features. These capabilities help SMEs move steadily toward digital maturity without the burden of complex training, heavy IT infrastructure, or high switching costs.

Can you elaborate on how automation and intelligent features in TallyPrime 7.0 help reduce human errors and improve operational efficiency?
TallyPrime 7.0 removes manual effort at the source. Automated backups eliminate the dependency on individuals remembering to secure financial data. Smart Find allows teams to instantly locate entries across multiple companies, reducing delays and reconciliation errors. Localised compliance, whether VAT, Corporate Tax, or updated currency formats, minimises the risk of misstatements. These improvements don’t just save time; they elevate accuracy, reduce rework, and allow teams to process information confidently.

In what ways does TallyPrime 7.0 simplify compliance and financial management for growing SMEs across diverse regional regulations?
Compliance in the GCC is evolving rapidly, and SMEs don’t have the luxury of large finance teams. TallyPrime 7.0 brings compliance into everyday business operations. VAT-ready features for the UAE, bilingual invoicing, connected return upload capabilities, and automated adherence to Central Bank currency symbol guidance. Businesses remain aligned with rules by simply using their Business Management Software, without specialised configuration or additional cost.

For auditors, bookkeepers, and financial consultants, this means cleaner books, easier reconciliations, faster access to supporting data, and fewer end-of-period corrections. In short, TallyPrime 7.0 delivers everyday compliance rather than end-of-period stress for business owners and their financial partners alike.

What role does customer-first innovation play in ensuring TallyPrime 7.0 remains relevant for fast-evolving SME needs?
Customer-first innovation is at the core of every release. We don’t build technology for the sake of novelty. We solve real usage challenges. The currency symbol update, bilingual interface strength, and smarter automation all reflect direct market feedback rather than assumptions. We listen to how SMEs behave in their environment, fast-moving, resource-constrained, and compliance-driven, and design to match their reality. That philosophy ensures every enhancement stays practical and relevant.

Looking ahead, how do you envision TallyPrime helping SMEs stay competitive and resilient in an increasingly digital and automated economy?
Competitiveness today depends on the ability to move quickly, protect financial integrity, and comply without distraction. TallyPrime gives SMEs those fundamentals—automated continuity, accurate data, simple compliance, and instant insight. As automation expands and regulatory frameworks digitise further, SMEs will need platforms that work quietly in the background while they focus on growth. That is our long-term intent: technology that reduces complexity, builds resilience, and allows SMEs to scale with confidence in a digital-first GCC economy.

 

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Presight invites startups to join AI Accelerator Cohort 2

Presight has opened applications for the second cohort of its AI Accelerator program. The milestone marks the next phase of the company’s initiative to scale market-ready artificial intelligence solutions and support the commercial adoption of advanced technologies.

The program is designed to fast-track commercialization and accelerate the deployment of applied AI products and solutions which will become the next major breakthroughs in global AI innovation.

AI startups, founders and entrepreneurs from around the world can apply beginning 15 December 2025. Applications close on 31 January 2026. Presight will conduct screening and interviews throughout February for the top 30 applicants, followed by a pitch day for the selection of the finalists.

The second cohort builds on the success of the inaugural batch of startups, which delivered early commercial results and created strategic partnerships across multiple sectors.

The inaugural cohort attracted more than 120 applications from 17 countries, with 10 selected startups completing a structured six-month acceleration program. Today, these companies represent a combined valuation exceeding USD 300 million. They generated more than 70 qualified commercial and strategic leads within 52 days of the start of the program, with multiple startups now in advanced partnership and contract discussions with G42 Group companies, major enterprises and government entities in the UAE and internationally. This includes Vulcan with AstraTech and CPX, AlphaGeo with Space42, Waverity with AIQ, and Nodeshift, Ajari, and Derq with Presight, among others.

Cohort One also advanced through a high-impact commercial track that included a three-day intensive bootcamp and high-profile exposure at flagship industry events such as GITEX and ADIPEC, driving commercial traction and elevating startup visibility with enterprise decision-makers.

Participants in the second cohort will gain direct market access across Presight, G42 and its global partner ecosystem, alongside structured commercial pathways that support proofs of concept, pilot deployments and potential contracts with enterprises, government entities. The program provides access to advanced AI compute and enterprise-grade infrastructure to support model development and scaling, complemented by expert technical and commercial mentorship from Presight, G42, MBZUAI, Microsoft and global industry specialists. Startups will also benefit from high-visibility exposure through pitch days, demo days and major international industry events, as well as the opportunity to present to Presight–Shorooq Fund I for potential strategic investment. Support extends beyond the formal acceleration period, with up to twelve months of post-program engagement designed to drive sustained scaling, partnerships and enterprise deployment. The new cohort strengthens the program’s alignment with Presight’s long-term vision, the broader ambitions of the G42 Group, and the wider Abu Dhabi AI ecosystem.

Thomas Pramotedham, CEO of Presight, said: “The future of AI will be defined by companies that can scale responsibly and deliver real impact. Many early-stage ventures face an AI scale barrier driven less by innovation gaps and more by limited access to enterprise infrastructure, strategic partners, commercial pathways, and growth capital. The Presight AI Accelerator program is designed to break through these barriers by combining advanced compute, technical partnerships, genuine commercial leads, and institutional backing so founders can validate their technologies and move toward real-world deployment.”

The Presight AI Accelerator is also guided by a global Advisory Board established to amplify commercial impact and reinforce Abu Dhabi’s position as a global capital for AI innovation. The Chair of the Advisory Board is His Excellency Mansoor Al Mansoori, Vice Chairman of Presight, who is joined by Jack Selby, Managing Director of Thiel Capital, and Meng Xiong Kuok (MX), Founder & Managing Partner of K3 Ventures.

Partners of the Presight AI Accelerator program include Microsoft, MBZUAI, Hub71, Astana Hub Shorooq Partners, MOIAT, Dubai World Trade Centre, the UAE Cyber Security Council, and the G42 Group of companies. Support extends for up to twelve months after the program to help participants progress toward scalable enterprise deployment.

Building on this momentum, Presight now invites ambitious AI founders, startups and entrepreneurs focused on enterprise deployment and real-world adoption to apply and take part in a platform designed to convert early-stage innovation into scalable commercial outcomes.

For more information and to submit an application, please visit this link.

 

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G42 unveils upgrade to its Hindi-English LLM, NANDA

G42 today announced a major upgrade to Llama-3-Nanda, or NANDA for short, its open-source Hindi-English large language model (LLM). Developed by Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) in collaboration with Inception, a G42 company, and Cerebras, makers of the world’s fastest AI inference, NANDA now features 87 billion parameters, setting a new benchmark in language AI tailored for Hindi speakers.

Built upon Llama-3.1 70B, NANDA 87B has been trained on a curated Hindi-English dataset with over 65 billion Hindi tokens. A custom Hindi-centric tokenizer boosts efficiency, reducing both training and inference time. This breakthrough makes it the largest and one of the most capable Hindi-centric models available in open weights.

The model is engineered for real-world use: fluent in formal Hindi (Devanagari script), casual speech, and Hinglish, it delivers strong performance across translation, summarization, instruction-following, and transliteration tasks. Safety and cultural alignment are core to its design, enabling NANDA to generate context-aware, responsible responses.

“India deserves world-class technology that speaks its language. NANDA 87B is a major step in that direction, after our first NANDA model announced last year,” said Manu Jain, CEO of G42 India. “As we continue to scale our operations across the country, this model opens doors for more inclusive innovation in education, entertainment, enterprise, and beyond. This upgrade reflects G42’s deep commitment to building AI solutions that serve India’s vibrant AI ecosystem.”

“At MBZUAI, our mission is to advance AI in ways that deliver broad, positive impact for society. NANDA marks an important milestone in bringing high-quality, open-access language technology to one of the world’s largest and most dynamic linguistic communities,” said Richard Morton, Executive Director, Institute of Foundation Models, MBZUAI. “Through our collaboration with G42 and Cerebras, we are underscoring the value of culturally aligned and inclusive AI research — work that supports underserved languages and expands access to advanced AI capabilities for hundreds of millions of Hindi speakers worldwide.”

With over 600 million Hindi speakers and one of the world’s fastest-growing digital economies, India represents a crucial market for regional AI innovation. With over 80% of new internet users preferring local languages, models like NANDA can play a pivotal role in bridging digital divides.

“The upgrade of NANDA is a leap forward in making AI tools accessible for India’s vast number of users,” said Ashish Koshy, CEO of Inception. “By combining cutting-edge research with open access, NANDA is designed to serve content creators, educators, developers, and enterprises working across India’s digital landscape. This milestone reflects our continued commitment to building AI-native solutions for the Global South and accelerating AI adoption across high-impact sectors.”

The model was trained on Condor Galaxy, one of the world’s most powerful AI supercomputers for training and inferencing built by G42 and Cerebras.

NANDA 87B is now available as an open-weight model on MBZUAI Hugging Face page, enabling creators, developers, and enterprises to explore and build upon its capabilities.

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Advertisers see AI automation as next growth driver

New research from TikTok, in partnership with NewtonX, reveals a significant gap between advertisers’ ambitions for AI automation and its actual implementation. The study shows that 93% of advertisers and executives expect AI-driven automation to help drive future business growth, and 96% believe it will improve their own job performance.

However, only 18% have fully integrated AI into their core operations and invested at scale [1]. Advertisers still face a number of implementation challenges, with data privacy and compliance, a lack of in-house skills and the speed of AI innovation all cited as hurdles to adoption.

Despite this gap, expectations are high. With 62% predicting automation could halve departmental costs and 84% expecting to see returns within a year.

Despite slow adoption for full integration of AI Automation, 78% of executives surveyed are growing their focus on automation through AI initiatives and increasing investment in AI capabilities, but they need support to move from piecemeal strategies to a cohesive, self-powering engine of productivity.

TikTok is the AI automation partner of choice for advertisers
Marketers are under pressure. An overwhelming majority of CMOs globally (87%) have experienced campaign performance issues in the last year and almost half were forced to terminate campaigns early due to poor results [2]. It’s more important than ever to innovate creative and marketing strategies.

TikTok is emerging as a leader in AI automation, with more than half (51%) of advertisers ranking it the number one platform for advanced automation in marketing.

93% of advertisers say TikTok’s AI-powered features help them move faster and adapt at the speed of culture, while 96% expect to increase their use of TikTok’s automation tools over the next six months.

Shadi Kandil, General Manager, Global Business Solutions, Middle East, Turkey, Africa, Central and South Asia – TikTok, says: “AI Automation is becoming essential for marketers striving to stay ahead. With Smart+ and Symphony, we’re helping brands reach the right people, create culturally relevant content at scale, and maximize performance with less effort. By removing operational complexity, we’re enabling advertisers to focus on strategy and creativity that fuels growth.”

TikTok’s suite of tools allows marketers to improve their return on effort, investment and creative
Executives and advertisers already use AI automation across the funnel, but they want smarter analytics, predictive insights and more personalised tools to reach audiences. That’s why we’re excited to roll out upgrades across Smart+ and Symphony bringing together automation and creativity to deliver stronger returns on investment.

These updates give advertisers more control while simplifying workflows, from a unified Smart+ buying experience that can be fine-tuned to fit any campaign goals, to Symphony tools that create TikTok-first ads in seconds, to expanded attribution solutions that show TikTok’s full impact.

Smart+ automates the performance advertising process across targeting, bidding, and creative to deliver the right ad to the right person to offer the best performance. Advertisers simply input their assets, budget, and targeting goals and Smart+ automatically creates or selects the best creative asset – utilizing TikTok Symphony, chooses the right audience, and puts the best ad in front of the right customer at the right time. We recently announced upgrades to Smart+ and the overall performance ad buying process by pairing the power of Smart+ with additional controls across targeting, creative, and budget.

TikTok Symphony is TikTok’s creative suite of generative AI tools designed to streamline creative production and spark bold new ideas. With Symphony, everything from helping to write a script to producing a video and optimizing assets is effortless and efficient – fueling business success with content that strikes a chord. Built-in performance insights help marketers refine and improve creative strategies over time.

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Khalifa Fund, Hub71 to empower Emirati entrepreneurs

The Khalifa Fund for Enterprise Development (KFED) and Hub71 are to launch the MZN Hub71 Programme, a new initiative designed to empower Emirati entrepreneurs and business owners in the early stages of their entrepreneurial journey.

The MZN Hub71 Programme will support 10 to 15 Emirati startups in each cohort, guiding the founders through an intensive three-month journey to transform their ideas into minimum viable products (MVPs). Hosted at the newly established MZN Hub in Al Ain, created by Khalifa Fund as part of its AI-driven ecosystem strategy, the initiative reflects Abu Dhabi’s Falcon Economy vision of diversification, sustainability and innovation.

This agreement reflects Khalifa Fund’s mission to empower Emirati entrepreneurs and foster cross-sector collaboration with partners across various sectors. By combining Khalifa Fund’s long-standing expertise in nurturing Emirati talent and supporting national enterprise development with Hub71’s deep experience in advancing tech startups, the partnership creates a comprehensive support system for founders at every stage of their journey.The agreement also enables both entities to further collaborate in designing specialised programmes in accordance with international standards.

H.E. Mouza Obaid Al Nasri, CEO of the Khalifa Fund for Enterprise Development, said: “At Khalifa Fund, we are committed to empowering Emirati entrepreneurs, fostering innovation and providing programmes and initiatives that serve as genuine incubators for entrepreneurs. In line with this commitment, we are pleased to collaborate with Hub71 through this agreement to enhance the capabilities of 15 Emirati startups in Al Ain through an intensive three-month training track. The track includes providing specialised training and mentorship services, facilitating access to markets, and equipping founders with the necessary tools and expertise to expand the horizons of their projects’ potential, strengthen their market presence, and develop their business models sustainably.”

Ahmad Ali Alwan, CEO of “Hub71”, said: “At Hub71, we are deeply committed to empowering Emirati founders on their entrepreneurial journeys. Our partnership with Khalifa Fund through the MZN Hub71 Programme reflects this commitment by creating new pathways for Emiratis to transform their ideas into pioneering companies. By equipping them with mentorship, resources, and access to markets, we are enabling the next generation of Emirati entrepreneurs to build ventures that create economic value and strengthen Abu Dhabi’s position as a leading center for entrepreneurship.”

The three-month programme is delivered in three stages:

  1. Academy Stage: helps founders build essential business skills via workshops and mentorship in financial modelling, pricing and go-to-market planning.
  2. Validation Stage: develops a deeper understanding of customers and markets while engaging founders with corporate partners to explore real business opportunities.
  3. Prototyping Stage: strengthens products through tailored mentorship, supports UAE legal incorporation and growth-strategy refinement for market entry.

Through the MZN Hub71 Programme, Khalifa Fund and Hub71 will work closely to empower Emirati youth, cultivate homegrown talent and drive the UAE’s knowledge-based economy. The MZN Hub71 Programme will also connect founders with potential investors, strategic partners and market-entry opportunities. Founders will also participate in weekly activities, including workshops, mentorship sessions, follow-ups and stage reviews. The journey spans ideation, market validation, product development, prototyping, customer acquisition, financial planning and investment pitches. The programme concludes with a Demo Day, where startups will present their solutions to government leaders, investors and private-sector stakeholders.

The MZN Hub71 Programme will also embed founders within Abu Dhabi’s innovation ecosystem, ensuring long-term access to resources and opportunities that support business growth, strengthening national capacity, empowering Emirati talent and advancing Abu Dhabi’s vision for a diversified, knowledge-based economy.

Applications for the first cohort of the programme are currently open to Emirati startup founders with innovative ideas who are aiming to build and scale their businesses. The first cohort will be announced soon, with subsequent cohorts of the programme scheduled to commence in early 2026.

 

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How to build a startup like a sports team

“Dmitry Zaytsev, founder of Dandelion Civilization, explains that startups succeed not by speed alone but by learning velocity. He argues founders must design environments like elite sports teams—built on micro-cycles, trust, and adaptability—to cultivate sustainable, high-performance growth.”

Startups often celebrate speed as if it is a strategy. Move quickly, pivot aggressively, outwork the competition and hope that momentum compensates for uncertainty. But real performance in early stage companies does not come from speed alone. It comes from structure. And the structure that young companies need looks much closer to a high performance sports team than a traditional organisation.

Sports teams operate in an environment of limited time, limited resources and unpredictable challenges. They succeed not by pushing harder but by learning faster. Their advantage comes from the deliberate way they train, reflect, adjust and repeat. The business world is moving toward the same reality. Markets shift weekly, new tools emerge constantly and roles shape themselves around whatever the product becomes next. Output alone cannot keep pace with this degree of movement. Only learning can.

A New Competitive Advantage: Learning Velocity
This is the real transformation happening in the talent economy. Performance is no longer something to manage. It is something to cultivate. It is a property of the system that surrounds people, not only the individuals themselves. The companies that will survive the next decade are those that treat performance as a training challenge, not an administrative one.

Harvard Business Publishing describes this transition through the idea of “speed to skill.” Instead of competing on fixed strengths, organisations now compete on how quickly they can build new capabilities and apply them before the next shift hits. The companies that win are the ones that learn faster than the environment changes.

Elite sports teams operate exactly this way. They measure their readiness not by what they did last season but by how quickly they can improve before the next opponent arrives. Startups should pay attention to this logic, because the conditions are remarkably similar. Both operate under pressure. Both face high volatility. Both must make decisions with incomplete information. And both depend on teams small enough that a single bad week can shift the trajectory of the entire organisation.

What startups should take from sports teams
Traditional performance systems are not built for this. They rely on long cycles, backward looking metrics and rigid expectations. McKinsey’s work on talent and capability building shows that organisations prepared for the future do not rely on such structures. They invest in environments that allow rapid skill development and immediate application inside real work. 

Sports teams mastered this long before companies did. They train through micro-cycles. A contained period of focus. A stretch of intensity. A short interval for reflection. A reset, followed by a new cycle. This pattern builds adaptability without burning people out. It creates consistent improvement because the feedback loops are short, specific and clear. Mistakes are addressed within hours or days, not postponed until the end of the season.

Startups benefit from the same structure. Micro-sprints create momentum and clarity. They break down complexity into manageable segments. They allow the team to see real progress and real gaps quickly. Over time these cycles become culture. People learn to expect improvement, not just activity. They learn to treat challenges as training opportunities rather than threats.

The Founder as Coach, Not Commander
In this environment, the founder cannot lead like a traditional manager. The role is closer to a coach. A commander gives instructions. A coach shapes thinking. A commander focuses on tasks. A coach focuses on conditions. A commander demands results. A coach builds environments in which results become natural.

Gallup’s research demonstrates this shift clearly. Only a small minority of employees feel that performance is managed in a way that motivates them. People respond to clarity, consistent conversations and environments where learning is connected to real outcomes.

Sports teams know this instinctively. Training is not a formality. It is the core of the work. A great coach sees patterns, anticipates friction points and builds structures that strengthen the team’s cognitive and physical system. Early stage founders must adopt the same mentality. Their job is not to push their teams harder. It is to design the environment that produces clarity, trust and improvement.

Trust is the multiplier behind every high performing team. It is not an emotional preference but a cognitive requirement. Google’s Project Aristotle illustrates this point. After studying hundreds of teams, the strongest predictor of performance was psychological safety. Teams capable of speaking honestly, admitting mistakes and sharing half-formed ideas outperformed teams with higher levels of experience or intelligence. 

Psychological safety is the foundation of real performance because learning requires vulnerability. A team cannot train effectively if every mistake feels dangerous. In sports, the entire training environment is designed to surface weaknesses early before they become catastrophic during competition. Startups need the same principle. If your team hides uncertainty, avoids risk or plays small to avoid being wrong, your learning velocity collapses. And when learning collapses, the organisation becomes fragile regardless of how talented the individuals are.

Deloitte’s Human Capital Trends report highlights the same idea through the tension between output and outcomes. Organisations that treat performance solely as a matter of deliverables find themselves unable to adapt. Organisations that balance execution with capability development place themselves ahead of the curve when conditions shift.

Designing Startups Like High Performance Teams
For founders, the message is simple. You are not building a workforce. You are building a cognitive system that must learn under pressure. You are building the environment in which your team becomes faster, clearer and more capable week after week. You are building the architecture that makes performance possible.

Sports teams thrive because performance is built into the rhythm of their season. They do not rely on hope or heroics. They rely on training environments that sharpen attention, clarify roles and transform individual effort into collective strength. Startups that embrace this philosophy gain resilience. They stop reacting to volatility and start training for it. They grow not by working more but by learning better.

The companies that understand this will move with greater clarity. They will adapt faster than competitors. They will scale capability instead of stress. They will build teams that can survive uncertainty rather than collapse under it.

Performance is not something you demand. It is something you design. And the smartest startups are learning what sports teams have known all along. You do not scale effort. You scale the system that makes improvement inevitable.

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$15M fund to support Indian startups in Saudi Arabia

India Accelerator (IA), India’s leading multi-stage, fund-led accelerator, is set to launch its accelerator program in Saudi Arabia, backed by a dedicated $15 million fund to support Indian startups entering and scaling in the Kingdom. The initiative is supported by the National Technology Development Program’s (NTDP) Empowering Accelerators product, advancing Saudi Arabia’s growing innovation mandate under Vision 2030.

The initiative will focus on startups across AI, Sustainability, Electric Mobility (EV), PropTech, and DeepTech- sectors closely aligned with the Kingdom’s Vision 2030 priorities and NTDP’s mission to accelerate technology-led economic transformation.

The first cohort, scheduled for launch in March 2026, will support 8–10 high-potential startups, providing them with structured market-entry support, regulatory guidance, access to local partnerships, and investor connectivity. Applications for the inaugural batch opened on December 8, 2025, and remained open until February 28, 2026.

Ashish Bhatia, Founder, India Accelerator, said: “Saudi Arabia is emerging as one of the world’s most forward-looking innovation markets. Through this partnership with NTDP, we aim to offer Indian startups a trusted, structured pathway to scale in the Kingdom. This collaboration reinforces our commitment to enabling cross-border expansion and building meaningful linkages with global innovation ecosystems.”

Ibrahim Neyaz, CEO of the National Technology Development Program (NTDP), added: “Saudi Arabia and India are home to two advanced startup ecosystems. Through our partnership with India Accelerator, we are opening new pathways that enable Indian entrepreneurs to collaborate with Saudi partners, tap into the Kingdom’s evolving technology and investment landscape, and contribute to the growth of its digital economy. This partnership strengthens the connection between our ecosystems and helps deepen long-term collaboration between the two countries in technology and investment.”

The partnership with NTDP establishes a strong foundation for deeper engagement across the GCC, expanding India Accelerator’s global footprint and advancing its mission to support founders beyond domestic markets.

The National Technology Development Program (NTDP) is a flagship initiative of Saudi Arabia, dedicated to accelerating the Kingdom’s digital economy and positioning it as a global hub for emerging technologies. NTDP drives growth by enabling startups and technology companies through strategic funding, international partnerships, policy integration, and talent development.

Through Products spanning venture financing, incubation and acceleration, R&D-industry collaborations, and global scaling programs, NTDP empowers local and international entrepreneurs to innovate and expand from Saudi Arabia to the world. Aligned with Vision 2030, NTDP is unlocking opportunities in deep tech including AI, robotics, semiconductors, health, and sustainability; while catalyzing job creation, investment, and GDP growth.

India Accelerator (IA), the country’s preeminent seed-stage startup accelerator, and the recipient of the “Best Accelerator of the Country” award from Start-up India in 2022. Our commitment to fostering innovation and supporting upcoming founders has consistently positioned us at the forefront of the Indian start-up ecosystem. Along with the Accelerator, we are also very active in early-stage investments through its Joint Venture ‘Finvolve’ and its 3 AIFs & a Gift City Fund. IA is not just about funding; it is a holistic ecosystem enhancer that provides startups with the necessary tools, mentorship, and network to thrive in the competitive landscape.

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Factorial Capital closes $25 million Fund II

Factorial Capital, an early-stage venture capital firm pioneering a new model for AI investing, announced the close of its $25 million Fund II. The fund will continue Factorial’s thesis of backing technical founders who code, investing at the angel, pre-seed and seed stages in companies building at the frontier of newly possible technology.

Fund II is $25 million and builds on the success of Factorial Capital’s $10 million “proof of concept” Fund I, which includes ten companies already valued at least five times Factorial Capital’s entry price, including Modal, recently valued at over $1 billion. More established firms, such as Sequoia, a16z, Lux, Lightspeed, Red Point and Felicis, have led later-stage rounds in these Factorial portfolio companies.

Matt Hartman founded Factorial Capital in 2023 after spending nearly a decade at Betaworks writing the very first checks into successful technical founders like Hugging Face, Anchor (acquired by Spotify) and others. He founded Factorial after recognizing that technical founders were often best positioned to recommend new investments and wanted to build a model that creates deep alignment to identify the best new technical startups.

Factorial Capital’s model is inspired by Citadel’s multi-manager hedge fund structure, adapted for early-stage venture capital. Factorial partners with a highly curated set of technical founders, including the founders of Venmo, Giphy and Hugging Face, who identify standout companies within their networks. The firm splits its 20% carry evenly, with 10% going to Factorial GP and 10% to the sourcing partner based on the profit they drive.

“Successful early-stage investing in the AI era requires genuine technical understanding, not just pattern matching on traction or pedigree,” said Matthew Hartman, Founder and General Partner of Factorial Capital. “Venture firms are growing institutionalizing at the same time that technology is moving faster than ever — this creates a mismatch at the earliest stage, where experienced VCs can’t write big enough checks and those with finance backgrounds are poorly suited to evaluate the technology.  At the same time, many of the best technologists want to build, not raise capital and run funds. Factorial’s network of exceptional technologists solves both problems by partnering with proven technical founders who bring deep expertise and proprietary dealflow. We don’t care about markets. We care about technical teams with insight into what’s newly possible, backing them early and with conviction.”

“Factorial’s model allows me to focus on my strengths: identifying exceptional technical founders in my network and supporting them on product strategy, while partnering with Matt on investment decisions and helping the founders raise their next round of capital. having the partnership of an institutional fund: Matt’s partnership on investment decisions and ability Matt’s investment experience and the benefits of an institutional capital behind me,” said Iqram Magdon-Ismail, co-founder of Venmo and Factorial Investing Partner. “I see companies being built by people in my network before they’re on anyone’s radar and Factorial gives me the capital and infrastructure to act on that conviction. The economics are structured like a real partnership, and Matt and the team bring the venture expertise to help these founders succeed beyond the initial check.”

Factorial’s portfolio includes Modal (AI hosting infrastructure), Factory AI (AI scoring agents),  Pika (AI video generation)Causal Labs (AI-driven weather prediction for businesses), White Circle (LLM-driven cybersecurity), among others. The firm has become recognized as a strong signal for technical quality in the early-stage AI ecosystem.

Founded in 2023 by Matt Hartman, the first investor in Hugging Face and a nearly decade-long investor at Betaworks, Factorial operates out of New York City and invests in founders who code at the intersection of AI infrastructure, B2B productivity, consumer AI and emerging technology categories.

With Fund II, Factorial will continue to scale its distributed sourcing model, partnering with additional technical founders while maintaining its focus on early-stage companies building at the frontier of what’s newly possible.

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