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October 20, 2025 - Deals
1001 AI Secures $9 Million In Seed Funding Led By CIV General Catalyst And Lux Capital
1001 AI, founded and led by Bilal Abu-Ghazaleh, has raised $9 million in seed funding to build AI infrastructure for critical industries across the Middle East and North Africa (MENA). The round was led by CIV, General Catalyst, and Lux Capital, with participation from prominent angels including Chris Ré, Amjad Masad (Replit), Amira Sajwani (DAMAC), Khalid Bin Bader Al Saud (RAED Ventures), and Hisham Alfalih (Lean Technologies). Drawing on Abu-Ghazaleh’s experience at Scale AI, the London- and Dubai-based startup is developing an AI-native operating system to streamline operations in high-stakes sectors such as aviation, logistics, and oil and gas—areas that collectively represent over $10 billion in inefficiencies across the Gulf. The funding will accelerate early deployments and team growth as 1001 AI prepares to launch its first product by year’s end.
FOUNDER: Bilal Abu-Ghazaleh
INVESTORS: CIV, General Catalyst, Lux Capital, Chris Ré, Amjad Masad, Amira Sajwani, Khalid Bin Bader Al Saud & Hisham Alfalih
ROUND: Seed
AMOUNT: $9,000,000
HQ: #Dubai
#VentureCapital #1001AI #BilalAbuGhazaleh #CIV #GeneralCatalyst #LuxCapital #ChrisRé #AmjadMasad #AmiraSajwani #KhalidBinBaderAlSaud #HishamAlfalih #TradedVC
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Polymarket Acquires Turf's Six-Person Team To Enhance Live Sports FeaturesPolymarket has acquired Turf’s six-person team, adding the creators of a real-time NFL prediction app to build out live sports features across its U.S. platform. The deal is part of a broader push by CEO Shayne Coplan’s prediction market company to scale ahead of major demand drivers, including the NFL season and upcoming midterm elections, while expanding its product and operational capabilities.
HQ: New York City, New York
#VentureCapital #Polymarket #TradedVC
Databricks Secures $5 Billion Funding Round Led By Coatue At $190 Billion ValuationDatabricks has closed a $5 billion strategic funding round at a $190 billion valuation, one of the largest private technology financings to date, as investors continue to back enterprise AI infrastructure. The data and AI software company, led by CEO Ali Ghodsi, has surpassed a $7 billion revenue run rate and plans to use the capital to expand AI products including Unity AI Gateway, Lakebase, and Genie, while supporting hiring and acquisitions. Coatue led the round alongside Blackstone, MGX, T. Rowe Price, and Sixth Street, with the latest raise marking a significant valuation increase from its $134 billion funding round six months earlier.
FOUNDERS: Ali Ghodsi, Ion Stoica, Matei Zaharia, Patrick Wendell, Reynold Xin, Andy Konwinski & Arsalan Tavakoli-Shiraji
INVESTORS: Coatue, Blackstone, MGX, T. Rowe Price & Sixth Street
AMOUNT: $5,000,000,000
VALUATION: $190,000,000,000
HQ: San Francisco, California
#VentureCapital #Databricks #AliGhodsi #TradedVC