Latest news with #LEAPTechnologyConference
Zawya
13-02-2025
- Business
- Zawya
LEAP 2025 concludes after witnessing announcements about investments worth $25bln
RIYADH — The fourth edition of the LEAP Technology Conference (LEAP25) concluded its sessions at the Riyadh Exhibition and Convention Center in Malham, drawing significant participation from technology leaders, investors, and international experts. A series of investments and technical launches worth nearly $25 billion were announced during the four days of the global tech event. These announcements and initiatives focused on enhancing innovation in digital infrastructure and developing digital talents, supporting research, development and innovation, artificial intelligence, cloud computing, and enhancing technical infrastructure. Faisal Al-Khamisi, chairman of the Board of Directors of the Saudi Federation for Cybersecurity, Programming and Drones, announced at the end of the event that two editions of LEAP will be held next year, one in Riyadh and the second one in Hong Kong. The final day of the conference featured a series of sessions on topics such as women leading tech innovation and harnessing the power of artificial intelligence (AI) in business, alongside other discussions on AI and digital transformation. Held from February 9 to 12, the event highlighted cutting-edge digital innovations, sustainability, the knowledge economy, and the role of technology in reshaping key industries. The conference attracted a diverse group of experts and innovators from around the world, all convening to explore the latest technological advancements and shape the future of critical sectors. This year's conference aligns with the Kingdom's efforts to strengthen its leadership in technology and innovation. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Saudi Gazette
12-02-2025
- Business
- Saudi Gazette
LEAP 2025 concludes after witnessing announcements about investments worth $25 billion
Saudi Gazette report RIYADH — The fourth edition of the LEAP Technology Conference (LEAP25) concluded its sessions at the Riyadh Exhibition and Convention Center in Malham, drawing significant participation from technology leaders, investors, and international experts. A series of investments and technical launches worth nearly $25 billion were announced during the four days of the global tech event. These announcements and initiatives focused on enhancing innovation in digital infrastructure and developing digital talents, supporting research, development and innovation, artificial intelligence, cloud computing, and enhancing technical infrastructure. Faisal Al-Khamisi, chairman of the Board of Directors of the Saudi Federation for Cybersecurity, Programming and Drones, announced at the end of the event that two editions of LEAP will be held next year, one in Riyadh and the second one in Hong Kong. The final day of the conference featured a series of sessions on topics such as women leading tech innovation and harnessing the power of artificial intelligence (AI) in business, alongside other discussions on AI and digital transformation. Held from February 9 to 12, the event highlighted cutting-edge digital innovations, sustainability, the knowledge economy, and the role of technology in reshaping key conference attracted a diverse group of experts and innovators from around the world, all convening to explore the latest technological advancements and shape the future of critical sectors. This year's conference aligns with the Kingdom's efforts to strengthen its leadership in technology and innovation.
Daily Tribune
12-02-2025
- Business
- Daily Tribune
Unipal closes Pre-Series A round to further fuel its growth across Saudi Arabia
Unipal, the biggest youth benefits platform in the region, successfully raised its Pre-Series A investment round. The round was led by Plus VC with participation from Al Jazira Capital, RZM Investments, Falak Angels, Doha Tech Angels and other prominent angel investors. Unipal connects brands to the most important customer base, the youth, through a personalized experience in its innovative App. Since its launch in 2020, Unipal created a strong foothold in Bahrain, with 98% of the student population registered on the platform. In less than a year of expanding to Riyadh, Unipal grew to 250,000 users and 700 brands. This investment marks a strategic milestone in strengthening Unipal's position as the leading youth benefits provider across the GCC. It marks a step towards Unipal's expansion to officially launch in Jeddah, Madinah, Dammam & Khobar this year. It's also aiming to launch its new App with enhanced algorithms to create a Netflix-like experience for its users. 'We're here to double down on the growth and the investment represents a significant step forward in our goal to become the number one youth platform in the whole region. We're also proud to have prestigious investors who provide both investment and strategic support, believing in Unipal's potential as much as we do.' shared Ali Alalawi, Cofounder of Unipal. Hasan Haider, Managing Partner at Plus VC, said: 'Unipal is a game-changer, redefining how the youth enjoy exclusive discounts and interact with different brands. Their growth trajectory and ability to create value for the youth and businesses make them an outstanding investment opportunity. We believe in supporting ventures that drive tangible benefits for their communities.' Abdulla Alkasabi, CEO of RZM Investment, elaborated on their decision to invest saying 'Unipal has demonstrated remarkable traction in a short period. Their vision aligns with our commitment to investing in innovative solutions that create lasting value.' Adwa Aldakheel, CEO of Falak Investment Hub, said: 'Unipal is more than a discount platform; it's a partner for brands aiming to connect with influential youth, and a supporter of enhancing the daily lives of the youth. This investment reflects our commitment to empowering impactful startups that deliver tangible solutions.' Rawan AlRasheed, Head of Impact Lab at Al Jazira Capital, shared her thoughts: 'We believe Unipal will play a crucial role in advancing financial accessibility for the youth while contributing to the growth of the fintech ecosystem. Our investment reflects our commitment to supporting startups that drive meaningful financial solutions, foster financial inclusion and empower future generations'. This comes as part of Unipal's participation in Bahrain's pavilion, organized and supported by the Labour Fund (Tamkeen), at the annual LEAP Technology Conference, in Riyadh, the Kingdom of Saudi Arabia.
Zawya
11-02-2025
- Business
- Zawya
Unipal closes Pre-Series A round to further fuel its growth across Saudi Arabia
Riyadh, Saudi Arabia: Unipal, the biggest youth benefits platform in the region, successfully raised its Pre-Series A investment round. The round was led by Plus VC with participation from Al Jazira Capital, RZM Investments, Falak Angels, Doha Tech Angels and other prominent angel investors. Unipal connects brands to the most important customer base, the youth, through a personalized experience in its innovative App. Since its launch in 2020, Unipal created a strong foothold in Bahrain, with 98% of the student population registered on the platform. In less than a year of expanding to Riyadh, Unipal grew to 250,000 users and 700 brands. This investment marks a strategic milestone in strengthening Unipal's position as the leading youth benefits provider across the GCC. It marks a step towards Unipal's expansion to officially launch in Jeddah, Madinah, Dammam & Khobar this year. It's also aiming to launch its new App with enhanced algorithms to create a Netflix-like experience for its users. 'We're here to double down on the growth and the investment represents a significant step forward in our goal to become the number one youth platform in the whole region. We're also proud to have prestigious investors who provide both investment and strategic support, believing in Unipal's potential as much as we do.' shared Ali Alalawi, Cofounder of Unipal. Hasan Haider, Managing Partner at Plus VC, said: 'Unipal is a game-changer, redefining how the youth enjoy exclusive discounts and interact with different brands. Their growth trajectory and ability to create value for the youth and businesses make them an outstanding investment opportunity. We believe in supporting ventures that drive tangible benefits for their communities.' Abdulla Alkasabi, CEO of RZM Investment, elaborated on their decision to invest saying 'Unipal has demonstrated remarkable traction in a short period. Their vision aligns with our commitment to investing in innovative solutions that create lasting value.' Adwa Aldakheel, CEO of Falak Investment Hub, said: 'Unipal is more than a discount platform; it's a partner for brands aiming to connect with influential youth, and a supporter of enhancing the daily lives of the youth. This investment reflects our commitment to empowering impactful startups that deliver tangible solutions.' Rawan AlRasheed, Head of Impact Lab at Al Jazira Capital, shared her thoughts: 'We believe Unipal will play a crucial role in advancing financial accessibility for the youth while contributing to the growth of the fintech ecosystem. Our investment reflects our commitment to supporting startups that drive meaningful financial solutions, foster financial inclusion and empower future generations'. This comes as part of Unipal's participation in Bahrain's pavilion, organized and supported by the Labour Fund (Tamkeen), at the annual LEAP Technology Conference, in Riyadh, the Kingdom of Saudi Arabia. About Unipal: Starting in Bahrain in 2020, Unipal today is the gateway to the youth community. With over 250,000 users and 700 local partners across Bahrain and Riyadh as well as 100,000+ global offers, it's positioned itself as the leading youth platform. Unipal covers all categories, from F&B to cinema to healthcare & many more. It has become the core connection between brands and the youth. Unipal's innovative App, incorporates multiple algorithms to create a personalized 'Netflix-like' experience for its users. Unipal is available on the iOS and Google Play stores. For more information on Unipal, please contact: Name: Hessa Aldoseri Title: Marketing Lead Email:
