MState, a startup accelerator with a focus on companies developing blockchain technologies, is receiving backing from International Business Machines Corp (IBM) and Comcast Corp. Blockchain is a digital platform which companies can use to streamline data management such as record keeping and assisting with transactions. It is a technology used by companies of many different […]

Israeli bio-tech startup SuperMeat announced that it has raised $3 million in a seed funding round. The startup was founded in Tel Aviv in 2015 and is one of the growing number of lab-made meat startups, which are seeking to capitalize on the sustainable food sector. The company’s “clean meat” as it called is created […]

After an unsteady year regarding losses and corporate management, Uber has sold a 15 per cent stake to SoftBank. The deal, with an anticipated close in January, would give Uber $1.25 billion investment from the Japanese company. The investment comes from SoftBank’s Vision Fund. An earlier tender offer by SoftBank offered the ride-share company $33 […]

The US-based ride hailing company, Uber, is selling its US auto-leasing business, Xchange Leasing to a car marketplace startup, Fair.com. The news was first reported by the Wall street Journal, while citing sources familiar with the sale. Fair.com is a startup that offers customers open-ended leases for “pre-owned” cars through car dealers. The startup was […]

MIT Enterprise Forum Saudi Arabia’s annual startup competition has attracted 2536 applications for 2018, thereby showing a growth of 14 per cent in comparison to last year’s numbers. The MITEF Saudi Start up Competition was started in 2015, with the aim to promote and enrich entrepreneurship in the Kingdom as well as celebrating and supporting […]