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CONIX.AI, an architecture SaaS software, raises $1.3m in a pre-seed round

by WAYA Staff - Nov 20, 2022
CONIX.AI, an architecture SaaS software, raises $1.3m in a pre-seed round

CONIX.AI, an architecture SaaS software startup, raises $1.3 million in a pre-seed round led by BIM Ventures.

“We are transforming the architect’s job, making their work more efficient. With CONIX.AI, architects can provide their clients with several custom-made iterations to choose from on the same day! Also, real estate developers can take investment decisions instantly using CONIX.AI internally with their in-house architectural team,” Yusuf Fahmy, Founder, and CEO, stated.

The funding will help the startup in expanding to Saudi Arabia and further product development. CONIX.AI will also enable users to quickly evaluate the validity of building sites and assess multiple scenarios, produce several design possibilities for a given site, and optimize spaces while considering the environmental aspects.

The startup stated that Saudi Arabia was their first market of choice where it started its global commercial activities due to the huge growth potential in the real estate industry in the region.

The startup was founded in 2020 and uses artificial intelligence and generative design to provide real estate developers and architects with architectural designs.

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MIP signs a declaration with UNGC to “Build Better Lives”

by WAYA Staff - Nov 17, 2022
MIP signs a declaration with UNGC to “Build Better Lives”

Misr Italia Properties (MIP) participates in the United Nations Global Compact Network Egypt (UNGCNE) and DCarbon’s inclusive coalition that coordinates and gears the real estate and construction ecosystem across its value chain towards a sustainable effort to “Build for Better...

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WNR: Here’s what happened in MENA this week

by Nouran Allam - Nov 17, 2022
WNR: Here’s what happened in MENA this week

Egypt’s NWFE initiative receives more than $250 million from the US and Germany. The energy pillar of NWFE has secured more than $250 million from the United States of America and Germany. The US alongside the European Union and Germany...

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Modus Capital launches its $75 million Africa-focused fund

by WAYA Staff - Nov 16, 2022
Modus Capital launches its $75 million Africa-focused fund

Modus, a venture platform operating in MENA comprising VC funds, venture builders, and a corporate innovation arm, launched Modus Africa. The fund is a $75 million SDG-focused VC fund that will invest in Africa’s boldest startups powered by AI and Blockchain...

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baraka, UAE’s FinTech startup, raises $20m in a Series A round

by WAYA Staff - Nov 16, 2022
baraka, UAE’s FinTech startup, raises $20m in a Series A round

baraka, a platform for commission-free investing, raised $20 million in a Series A round led by Valar Ventures. This marks the first regional investment for Valar, a venture capital firm backed by global entrepreneur, Peter Thiel.   With this new investment, baraka...

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