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Talent Acceleration Platform (TAP), a promising startup in the tech industry, has recently announced the successful completion of a seed funding round. Led by Wamda Capital, the round raised an impressive $1 million, highlighting the confidence and support TAP has garnered from investors. This significant investment will undoubtedly propel TAP's growth and enable the company to further develop its innovative solutions.

The Seed Funding Round:

TAP's seed funding round, which closed recently, has been a resounding success. The round was led by Wamda Capital, a renowned venture capital firm known for its strategic investments in high-potential startups. The participation of other notable investors further validates TAP's potential and underscores the market's confidence in the company's vision.

TAP's Innovative Solutions:

TAP has been making waves in the tech industry with its groundbreaking solutions. The company focuses on developing cutting-edge technologies that revolutionize the way businesses operate. TAP's flagship product is a state-of-the-art software platform that streamlines and automates various business processes, enhancing efficiency and productivity.

The Importance of Seed Funding:

Seed funding plays a crucial role in the early stages of a startup's journey. It provides the necessary capital to fuel growth, develop products, and expand the team. TAP's successful seed funding round not only demonstrates the market's belief in the company's potential but also provides the resources needed to accelerate its growth trajectory.

Wamda Capital's Strategic Investment:

Wamda Capital's decision to lead TAP's seed funding round is a testament to the startup's promising future. With its extensive experience and network in the tech industry, Wamda Capital brings more than just financial support to the table. Their strategic guidance and industry expertise will undoubtedly prove invaluable as TAP continues to scale and establish itself as a key player in the market.

Future Prospects:

With the infusion of $1 million in seed funding, TAP is well-positioned to capitalize on the market opportunities and further develop its innovative solutions. The funding will enable the company to expand its team, enhance its product offerings, and accelerate its go-to-market strategy. TAP's future prospects look promising, and the company is poised to make a significant impact in the tech industry.

TAP's successful seed funding round, led by Wamda Capital, marks a significant milestone in the company's journey. The $1 million investment will provide the necessary resources for TAP to continue its growth trajectory and solidify its position as a leading player in the tech industry. With its innovative solutions and strategic partnerships, TAP is poised to make a lasting impact and shape the future of business operations.

About TAP:

TAP founded in 2018, is a Dutch/ Palestinian initiative that provides talented youth in Palestine with 16-week online educational programs to prepare them for remote work with European companies. TAP's programs focus on developing in-demand technical skills and power skills.

Once participants complete TAP's programs, they are connected with potential employers through TAP's network of European companies. TAP's new funding will enable it to expand to other countries in the MENA region in the coming years.

For more information, you can visit their website by clicking here.

 

Palestine-based AI data training company DataQueue has raised an undisclosed amount from the Ibtikar Fund.

Founded in 2021 by Bashir Alsaifi, DataQueue is an AI data training firm that allows organisations to have access to a broad range of annotated and labelled data for training their AI models.

This funding round will provide DataQueue with the resources to further develop its technology, strengthen its research and development capabilities, and expand its customer base.

Press release:

Ibtikar Fund announced their investment in DataQueue, a leading AI data training company, and an innovative platform to manage the entire AI lifecycle.

“DataQueue aims to revolutionize the AI landscape by simplifying the training data process and empowering organisations to unlock the true potential of AI. We are thrilled to have the support of Ibtikar Fund in our journey to democratis3 AI and enable businesses to leverage its transformative power," explained Bashir Alsaifi, DataQueue’s Founder and CEO.

The field of AI faces numerous challenges, particularly in the acquisition and management of high-quality training data. DataQueue has emerged as a solution provider, offering a comprehensive platform that addresses these challenges and streamlines the AI lifecycle for organisations.

One of the primary obstacles in AI development is acquiring diverse and reliable training data at scale. DataQueue tackles this problem by leveraging advanced algorithms and crowdsourcing techniques to efficiently gather large volumes of relevant training data from diverse sources. This approach accelerates the data acquisition process and ensures organisations have access to a broad range of annotated and labelled data for training their AI models.

Accurate annotation and labelling of training data are essential for the effectiveness of AI models. DataQueue's platform incorporates robust annotation tools and quality control mechanisms, guaranteeing precise labelling and minimising errors. This attention to detail significantly improves the performance and accuracy of AI models.

Similarly, managing and organising training data can be a complex task, especially as data volumes increase. DataQueue's centralised platform provides efficient data management capabilities, enabling organisations to categorise, search, and retrieve data seamlessly. This streamlined approach optimises the data management process, saving valuable time and resources.

“Our team was impressed by DataQueue's comprehensive approach to training data management and their commitment to quality and scalability. We believe in their vision to simplify the AI lifecycle for businesses, and we are excited to partner with them as they continue to innovate and disrupt this industry,” said Ambar Amleh, Managing Partner at Ibtikar Fund.

This funding round will provide DataQueue with the resources to further develop its technology, strengthen its research and development capabilities, and expand its customer base.

source: Wamda

Kenz, a lingerie and intimate wear e-commerce startup, announced today it has successfully closed a six-figure pre-Series A round to extend its operations and grow its brand in the Kingdom of Saudi Arabia.

Kenz, which launched the first bra and shape-wear size calculator in Arabic, aims to help every woman find the right fit and style.

Lingerie is a notoriously difficult product category to fit correctly as over 80 percent of women are wearing the incorrect size. Kenz addresses this common challenge by making fit information and high-quality products accessible to all women across the GCC.

The round was led by Ibtikar Fund, reinforcing their contribution in Kenz's seed round, and included participation from Palestinian, Saudi and American angel investors.

A key participant in the round was Palestinian based investment holding company, the Arab Palestine Investment Company (APIC), an investment holding company with diverse investments spanning manufacturing, trade and distribution with a presence across the MENA region.

“Kenz is thrilled to have APIC's participation in the round and will leverage their distribution and retail experience in Kenz's key market, Saudi Arabia,” said Christina Ganim, CEO Kenz. “Our new investors offer operational and marketing expertise that enable Kenz to grow to the next level and bring us to a position where we can scale rapidly.

The team is excited and ready to simplify the process of finding the right fit, with our proprietary fit tools, excellent customer service, and finely curated lingerie.”

Commenting on the announcement, Ambar Amleh, Partner at Ibtikar Fund, said: “We are excited to join Kenz once again in this round. We are very proud of Kenz's growth and are look forward to supporting them as they continue to expand in the region and become a leader in this industry.”

Founded by Christina Ganim and Nicola Cuoco in 2017, Kenz is primed to gain market share and take advantage of the rapid post-COVID-19 growth of e-commerce in the region, while deepening supply and value chain relationships.

Kenz's team proudly includes 80 percent women, which allows them to be close to their customer base and understand pain points to address them properly. Kenz has focused on supply-chain efficiencies and global partnerships, and this round of funding enables the team to reach a broader segment of women across the Kingdom and enhance its teams in Palestine and Saudi Arabia.

As larger retail giants increasingly focus on their online presence, Kenz will use this cash injection to expand its product selection and technology, and cater to customers' needs and services. Kenz is ready to take on the competition and become a recognized leader in its industry in 2021.

source: wafa

Palestinian Industrial Estates and Free Zones Authority announces the completion of PALOLEA Olive Leaf Extract factory at JAIP.

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