logo
Hub71 strengthens Abu Dhabi's thriving tech ecosystem with its latest cohort

Hub71 strengthens Abu Dhabi's thriving tech ecosystem with its latest cohort

Zawya10-02-2025

Cohort 16 startups have raised over USD 145 million (AED 532 million), with 63 per cent of selected startups headquartered outside the UAE, reinforcing Hub71's success in attracting high-growth international startups
Abu Dhabi, UAE – Hub71, Abu Dhabi's global tech ecosystem, has welcomed 27 startups as part of Cohort 16 across Hub71's three programs, Access, Hub71+ ClimateTech and Hub71+ Digital Assets. This new addition increases the total number of ventures supported by Hub71 to 357. The latest cohort includes startups across key priority sectors, reinforcing Hub71's commitment to diversifying Abu Dhabi's economy through technology and innovation.
Collectively, Cohort 16 startups have raised over USD 145 million (AED 532 million) in funding, averaging USD 4.9 (AED 18 million) million per startup. This achievement reflects Hub71's track record in attracting high-potential companies that advance technological innovation across Abu Dhabi's priority sectors. By joining Hub71, these startups are establishing their operations in Abu Dhabi, gaining access to a robust network of capital, mentorship, and resources to scale their businesses and drive impactful growth.
Cohort 16 was selected from over 1,300 applications, with 63% of chosen startups headquartered in leading technology markets such as the USA, UK and Germany. Among the notable additions to Hub71's Access program is Vivan Therapeutics, a UK-based precision medicine company pioneering cancer research, using AI and fruit fly models to identify personalized treatments, that has raised USD 10 million (AED 36 million) in funding.
Meanwhile, Theion, a German startup developing sustainable sulfur-based batteries that store up to three times more energy than traditional batteries will join the Hub71+ ClimateTech program. South Korean startup Redbrick, a cloud-based 3D creation engine that uses AI and blockchain, has raised USD 16.3 million (AED 59.8 million) in funding and will join the Hub71+ Digital Assets program.
Furthermore, one in three startups in the cohort is based in the UAE, showcasing the nation's growing status as a global entrepreneurship hub. Notable homegrown startups include Qashio, an award-winning spend management platform that has raised USD 10 million (AED 36 million), and Switch Foods, a FoodTech company offering locally produced, affordable plant-based meats. Switch Foods has raised USD 12.5 million (AED 45.9 million) and launched Abu Dhabi's first plant-based meat production facility, setting a new standard for sustainable food innovation.
Ahmad Ali Alwan, CEO of Hub71, said: 'Cohort 16 reinforces the global confidence in Hub71 as a launchpad for transformative ideas from Abu Dhabi. The selection process is highly competitive, reflecting the exceptional caliber of startups in our ecosystem. These companies are advancing innovation across key tech sectors while strengthening Abu Dhabi's position as a global tech hub.'
Additionally, more than half of Cohort 16 consists of Seed and Series A startups. The selected startups operate in nine sectors including FinTech, ClimateTech, HealthTech, EdTech, and Mobility & Logistics, and will play a crucial role in driving the growth of Abu Dhabi's economy.
By joining Hub71 'Access' and Hub71+ programs, startups will be able to tap into a vibrant community of mentors, partners, and investors within Abu Dhabi's technology ecosystem. Gaining access to market opportunities, top talent, and capital significantly enhances startups' prospects of securing commercial deals, attracting investment, and driving market growth.
The 27 startups selected to join Hub71's Cohort 16 include:
Access Program
Aurem is a central operating system for workplace saving and wealth providers —optimising operations and innovating products in a single configurable platform.
Cambio ML provides the "AI data science agent" for enterprises, aggregating and cleaning messy data from data silos.
Desert Farms is a science-backed D2C product using camel milk proteins to make a near-identical baby formula to breastmilk.
Esports XO connects gamers with tournaments and new games while helping publishers distribute games and telecoms build engaged communities.
Fundbot Technologies is a B2B supply chain financing solution that enables banks, buyers, and sellers to connect automating lending and payments.
Hotdesk is the Airbnb for Offices, with 2,000+ spaces in 73+ countries. They provide an all-in-one platform offering workspace optimization and hybrid work management software to help coworking spaces and corporates navigate the future of work.
Mithryl's AI platform helps industrial companies automate processes by unifying fragmented systems into context-aware workflows that drive faster, smarter decisions.
Nodeshift is a decentralized, no-code AI cloud platform that enables one-click deployment of AI agents and LLMs, providing secure, private, and affordable compute without centralized control or complexity.
Onloop an applied AI lab, obsesses over team productivity - powering effortless goal alignment and feedback systems for managers while augmenting human capabilities through mobile-native, agentic workflows.
Qashio is a B2B financial management platform offering advanced expense management, customizable SaaS tools, and reward program.
Raintech is an operating room voice assistant that improves the quality of care and surgical outcomes by enabling clinicians to focus on patients rather than documentation and admin tasks.
Simpleem is Behavior-Analysis AI that predicts human actions with unmatched accuracy and provides tailored guidance on leveraging behavior to improve concrete business outcomes.
Skipr is a sovereign agent-centric VPN that delivers the next generation of privacy and security in the age of AI.
Taxo integrates with electronic health records (EHRs) to automate medical billing and coding. Its AI-powered solution reduces the time and cost of claims processing by >90%, enabling providers to focus on patient care rather than administrative tasks.
Vivan Therapeutics' TuMatch software leverages a proprietary data set and AI/ML to enable rapid, personalized cancer treatment direction.
Watermelon Ecosystem is an all-in-one platform that connects F&B suppliers with outlets through a marketplace and procurement system.
xMap is a platform that uses AI to transform geospatial data, such as maps, satellite images, and GPS information, into real-time insights for businesses.
Hub71+ ClimateTech
Airmo delivers actionable, accurate, real-time methane insights and environmental intelligence to the energy sector, regulators, and impact investors.
New Path Bio uses precision fermentation to produce nutritious, health-promoting proteins from microbes, eliminating the need for animals, land, water, or climate dependence.
Orbillion Bio is a B2B cultivated beef company making tasty, non-GMO beef at commercial scale and cost parity by leveraging advanced computational models and strategic partners.
SwitchFoods is a FoodTech startup focused on innovating and producing deliciously healthy, nutritious, and sustainable plant-based meat alternatives tailored to regional tastes and cooking habits.
Theion is a company that develops sustainable sulfur-based batteries that are eco-friendly, cost-effective, and store up to three times more energy than traditional batteries.
Hub71+ Digital Assets
InvoiceMate is a Blockchain & AI powered platform bridging conventional businesses with crypto liquidity.
Redbrick is a cloud-based game and metaverse engine using blockchain and AI to streamline creation and distribution for all skill levels.
Rilla Network is a decentralized infrastructure that unlocks the hidden potential of live streaming ecosystems while delivering exponential savings.
Sustainable Bitcoin Protocol enables institutional investors to embed verifiable clean energy into their Bitcoin holdings—transforming Bitcoin's distributed energy demand into a catalyst for the global energy transition.
1Money is developing the world's first payment network exclusively designed for stablecoins, and specifically engineered to be the fastest, cheapest, and most compliant.
About Hub71:
Hub71 is Abu Dhabi's global tech ecosystem that enables founders to build globally enduring homegrown tech companies in any sector by providing access to global markets, a capital ecosystem, a global network of partners, and a vibrant community filled with highly skilled talent governed by forward-thinking regulation.
Backed by the Government of Abu Dhabi and Mubadala Investment Company, Hub71 is growing its vibrant community of tech startups, investors, government, and corporate partners to ensure the availability of investment, commercial activities, and incentives from the public and private sectors. Through Hub71's entrepreneurial infrastructure, value-add programs, enabling services and support packages, founders can build, and scale widely adopted technologies with purpose and impact. Hub71 is on a mission to introduce new minds and technologies to Abu Dhabi, finding new ways to build globally enduring technology companies and sustain the nation's continuous economic development.
For more information visit www.hub71.com and follow us on @Hub71AD #Hub71.
Media contacts:
Raneem Khatib, TechHubEdelman@Edelman.com

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

SEWA launches 10 lighting projects in Kalba
SEWA launches 10 lighting projects in Kalba

Sharjah 24

time17 minutes ago

  • Sharjah 24

SEWA launches 10 lighting projects in Kalba

Key projects underway Engineer Youssef Al Hammadi, Director of SEWA's Kalba Department, confirmed that the authority is executing development and lighting works according to a defined timeline, following the directives of His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah . Among the significant projects in progress is the lighting of main roads in the new industrial zone, where SEWA is installing 100 lighting poles and 200 fixtures, in addition to laying 11,000 metres of electrical cables. The project began in January 2025 and is expected to be completed by July, with an estimated cost of AED 2 million . Work is also ongoing on the second phase of Al Hefaiyah Lake lighting project, aimed at fully covering the tourist area with modern lighting units. This phase is valued at AED 1.5 million . In the second phase of the Jabal Deem lighting project, SEWA is implementing specialised technical solutions due to the area's unique geography, with a budget reaching AED 13 million . Additional work is being carried out in the Ghail area, including the installation of 400 lighting units and 250 poles, alongside 15,000 metres of electrical cables . Upgrades are also taking place on Kalba–Sharjah Road, Lake Street, and within the University District, where 1,400 traditional lights are being replaced with energy-efficient LED fixtures . The authority's lighting efforts in Kalba also include the implementation of an annual maintenance programme for the city's lighting network, as well as a dedicated project to improve lighting in the residential area of Al Qadisiya . Completed projects Several lighting projects have been completed in recent months. One of the most notable is the lighting of Khatmit Al Malaha Road, finished in April 2025, which included the installation of 100 lights, 50 poles, and 7,000 metres of cabling. Another completed project is the lighting of Saad bin Abi Waqqas Street, which saw the installation of 100 lights, 60 poles, and 10,000 metres of electric cable . These initiatives reflect SEWA's continued commitment to sustainable infrastructure development and enhanced public safety across Kalba .

UAE drives global crypto revolution with adoption and innovation
UAE drives global crypto revolution with adoption and innovation

Khaleej Times

time7 hours ago

  • Khaleej Times

UAE drives global crypto revolution with adoption and innovation

The UAE has reinforced its position as the world's foremost crypto hub in 2025, leading a global surge in digital asset adoption driven by progressive regulations, strategic partnerships, and a tech-savvy population. A recent study by Atmos ranks the UAE as the most crypto-obsessed nation, scoring 98.4 out of 100, with a 25.3% cryptocurrency ownership rate and a phenomenal 210% adoption growth. This meteoric rise, coupled with Bitcoin's blistering rally past $110,000 and a $2.2 trillion market cap, underscores the UAE's pivotal role in reshaping global finance. As the country leverages regulatory clarity, institutional investments, and cutting-edge fintech innovations, it is not only riding the crypto wave but defining its future trajectory. The Atmos study evaluates crypto engagement through four key metrics — ownership rates, adoption growth, per capita search activity, and Bitcoin ATM availability. The UAE's dominance is remarkable despite having just one Bitcoin ATM, compared to the United States' 29,834 or Canada's 3,561. With 186,000 monthly crypto-related searches and a 210% adoption surge, the UAE outpaces Singapore (97.5 score, 24.4% ownership) and the US (85.4 score, 15.5% ownership). This reflects a cultural and economic embrace of digital assets, fuelled by a young, affluent demographic — over 60% of the UAE's 9.8 million residents are under 30 — and a government committed to a blockchain-powered economy. 'Crypto adoption is reshaping financial systems worldwide,' said Nick Cooke, CEO of Atmos, emphasising the UAE's leadership in integrating crypto into daily life. Bitcoin's recent ascent to $108,955.10, with peaks at $109,857, has ignited global optimism, with analysts like Nigel Green of deVere Group revising price targets from $150,000 to $175,000 by August 2025. Green attributes this rally to macro tailwinds, including a cooler US inflation report, easing US-China trade tensions, and a Moody's downgrade of US sovereign debt, which has driven investors toward Bitcoin as a hedge against fiat instability. 'Bitcoin is no longer just a speculative play but a strategic hedge,' Green notes, highlighting its appeal as 'digital gold' amid eroding sovereign credibility. The UAE's high ownership rate aligns with this trend, as investors seek assets immune to dilution or adoption is a cornerstone of the UAE's crypto ecosystem. Ripple's licensing by the Dubai Financial Services Authority (DFSA) to operate within the Dubai International Financial Centre (DIFC) marks a regional first, enabling regulated crypto payment services. Brad Garlinghouse, Ripple's CEO, praises the UAE's regulatory clarity, noting its $400 billion international trade market and 64% of Middle East and Africa finance leaders prioritising faster payments via blockchain. Ripple's RLUSD stablecoin, launched in 2023 with a $130 million market cap, exemplifies the demand for real-time settlement solutions. Similarly, partnership with UAE-based Tawasal integrates crypto services into a superapp, enhancing accessibility. Abu Dhabi's MGX investing $2 billion in Binance further cements the UAE's role as a crypto investment hub, with Emirates NBD's Liv platform introducing crypto services to bridge traditional and decentralised finance. The UAE's regulatory framework, led by Dubai's Virtual Assets Regulatory Authority (VARA) and Abu Dhabi Global Market (ADGM), balances innovation with oversight. VARA's licensing has attracted global players, while ADGM's regulations support blockchain development. 'The UAE's regulatory sandboxes allow fintechs to test AI-driven solutions safely,' says Nadeem Ladki of Bitpanda Technology Solutions. This contrasts with restrictive regimes like China's, positioning the UAE ahead of Singapore and Switzerland, despite their progressive policies. The UAE's $30 billion in crypto investments in 2024, coupled with a 41% increase in crypto app downloads, underscores its business-friendly environment, with free zones like DIFC and ADGM offering tax incentives and low startup costs. Decentralised finance (DeFi) is transforming the UAE's financial landscape, with global DeFi protocols holding over $150 billion in 2024. Platforms like MakerDAO and Compound enable intermediary-free financial services, aligning with the UAE's goal of financial inclusion for the 1.7 billion unbanked globally, per World Bank data. The UAE's mobile-centric DeFi solutions, supported by its advanced tech infrastructure, are poised to lead this shift. The upcoming Digital Dirham, a blockchain-based central bank digital currency (CBDC) set for fourth quarter of 2025, will enhance cross-border payments and combat financial crime, according to Khaled Mohamed Balama, Governor of the Central Bank of the UAE. With 10% of global GDP expected to be tokenised by 2027, the Digital Dirham positions the UAE at the forefront of this transformation. Artificial intelligence (AI) is amplifying the UAE's crypto prowess, with initiatives like DIFC's AI and Web3 incubator fostering innovation. AI enhances fraud detection and compliance, critical for navigating VARA's regulations. Globally, Layer 2 solutions like Optimism and Arbitrum improve blockchain scalability, making crypto viable for daily transactions. The UAE's fintech market, projected to reach $3.56 billion in 2025 and $6.43 billion by 2030, benefits from a 12.56% CAGR, driven by AI and blockchain synergy. Non-fungible tokens (NFTs) and metaverse platforms like OpenSea and Decentraland are also gaining traction, with the UAE's tech-savvy market capitalising on these new digital economies. Bitcoin's global rally, up 8.6% weekly, is mirrored by other cryptocurrencies like Ethereum (37.2%), XRP (19.2%), and Solana (18.6%), per Nick Forster. Ethereum's Pectra upgrade and Coinbase's S&P 500 inclusion signal mainstream adoption, boosting market confidence. In the UAE, 39.1% of residents are projected to use crypto by year-end, driven by user-friendly platforms and regulatory trust. The Bitcoin 2025 conference in Las Vegas, featuring speakers like US Vice-President JD Vance and MicroStrategy's Michael Saylor, will likely amplify global enthusiasm, with potential US policies like a Strategic Bitcoin Reserve further fueling growth. Despite its leadership, the UAE faces challenges. Cybersecurity risks in crypto transactions require ongoing investment, and balancing regulation with innovation remains critical. Globally, regulatory disparities — China's crackdowns versus the EU's MiCA framework — highlight the UAE's advantage in proactive governance. George Naddaf of eToro Mena notes, 'Fintech is redefining how investors make decisions,' with the UAE's education and accessibility initiatives sustaining momentum. Arif Amiri of DIFC emphasises the country's ecosystem, including an independent regulator and efficient judicial system, as a springboard for fintech growth. The UAE's crypto revolution is a blueprint for global economies. Its 210% adoption growth, 25.3% ownership rate, and $30 billion in 2024 investments reflect a nation not just adapting to digital finance but shaping it. As Nick Cooke of Atmos states, 'In the UAE, crypto drives a fully digitised economy.' With Bitcoin's resilience, institutional backing, and innovations like DeFi, CBDCs, and Web3, the UAE is poised to dominate the next phase of the crypto evolution, setting a global standard for a decentralized, inclusive financial future.

Dubai Mall Unveils Ambitious Expansion Amidst Soaring Visitor Numbers
Dubai Mall Unveils Ambitious Expansion Amidst Soaring Visitor Numbers

Arabian Post

timea day ago

  • Arabian Post

Dubai Mall Unveils Ambitious Expansion Amidst Soaring Visitor Numbers

Dubai Mall is set to undergo a significant expansion, with Emaar Properties announcing a substantial investment of AED 1.5 billion to enhance the mall's offerings. The development will introduce 240 new luxury retail stores and food and beverage outlets, further solidifying the mall's position as a premier global shopping destination. In 2023, Dubai Mall achieved a remarkable milestone by welcoming 105 million visitors, marking a 19% increase from the previous year. This surge in footfall underscores the mall's growing appeal and the emirate's broader strategy to boost tourism and retail sectors. The expansion aims to accommodate this increasing demand and enhance the overall visitor experience. Spanning over 1.2 million square meters, Dubai Mall currently houses more than 1,200 retail outlets, including flagship stores like Galeries Lafayette and Bloomingdale's. The mall also offers over 200 international dining options and a range of entertainment attractions, such as the Dubai Aquarium and Underwater Zoo, an Olympic-sized ice rink, a 26-screen cinema, and the Zabeel Sports District. The upcoming expansion will build upon these offerings, introducing new luxury brands and dining experiences to cater to diverse visitor preferences. ADVERTISEMENT Emaar Properties has already commenced on-site preparations for the expansion, although a specific completion date has not been disclosed. The project reflects Dubai's ambitious vision to remain at the forefront of global innovation and culture, aiming to further enhance the city's status as a top international destination. The expansion also aligns with broader trends in the United Arab Emirates' retail sector. Despite global shifts towards online shopping, the UAE has witnessed a 14% increase in retail spending, driven by sectors such as fashion, general retail, and leisure and entertainment. This growth highlights the continued relevance and appeal of brick-and-mortar retail experiences in the region. In addition to the Dubai Mall expansion, other major retail developments are underway in the city. For instance, Majid Al Futtaim has announced a $1.36 billion investment to expand the Mall of the Emirates, another prominent shopping destination in Dubai. These initiatives underscore the city's commitment to enhancing its retail infrastructure and offering unparalleled shopping experiences to residents and tourists alike.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store