Daily Archives: May 14, 2025

Business & Investments

WakeCap raises US$28 million Series A to scale sensor-powered project controls for global construction

RIYADH, SAUDI ARABIA AND SAN FRANCISCO (CA), USA –  [May 14, 2025] – WakeCap, the sensor-powered project intelligence and controls platform trusted by the world’s most ambitious construction and oil and  gas programs, today announced the close of its US$28 million Series A round. The round was led by UP.Partners, with participation from Graphene Ventures and strategic investors across the U.S., Saudi Arabia, and Asia.

Dr Hassan Albalawi, CEO and Founder of WakeCap

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Health Care

Abu Dhabi Public Health Centre and Novartis Middle East Sign MoU to Enhance Public Health Awareness and Disease Prevention in Abu Dhabi

Abu Dhabi, 13 May 2025: The Abu Dhabi Public Health Centre (ADPHC) has signed a Memorandum of Understanding (MoU) with Novartis Middle East FZE (Novartis), an Innovative Medicine’s company, to raise awareness, advance prevention, and improve disease management practices, particularly for cardiovascular diseases, diabetes, and chronic kidney disease in Abu Dhabi Emirate.

The MoU was signed by H.E. Rashed Obaid Alsuwaidi – Director General, representing ADPHC, and Mohamed Ezz Eldin, Head of GCC, representing Novartis, on May 13, during the 25th IUHPE World Conference on Health Promotion, which is taking place from 13 to 16 May, 2025, at the Abu Dhabi National Exhibition Centre (ADNEC).

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Technologies

Qlik Announces Close of Significant Investment Led by ADIA and Thoma Bravo

With strong market adoption and platform innovation, Qlik continues advancing enterprise AI with discipline and scale

United Arab Emirates, Dubai: May 12th, 2025 – Qlik®, a global leader in data integration, data quality, analytics, and AI, today announced the close of a previously disclosed significant minority investment led by a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). As part of the transaction, Thoma Bravo, a leading software investment firm, remains Qlik’s majority owner and has made a new equity investment alongside ADIA. A select group of institutional investors have also co-invested. The transaction, originally signed in November 2024, has now received all necessary regulatory approvals.

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