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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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View AllWafer Secures $40 Million In Series A Funding At $200 Million ValuationSan Francisco-based Wafer raised $40 million in Series A funding at a $200M+ valuation, bringing its total funding to $44.5 million. Founded by Emi Andere and Steven Arellano, Wafer sells fast inference for open-source LLMs, using AI agents to continuously optimize GPU kernels based on workload traffic and performance constraints. The round included Marathon, Chemistry, Wing, Fifty Years, Outset Capital, Y Combinator and AMD Ventures.
FOUNDERS: Emilio Andere (@EmiAndere) & Steven Arellano (@_StevenArellano)
INVESTORS: Marathon, Chemistry, Wing, Fifty Years, Outset Capital, Y Combinator & AMD Ventures
ROUND: Series A
AMOUNT: $40,000,000
VALUATION: $200M+
HQ: San Francisco, California
#VentureCapital #Wafer #EmilioAndere #TradedPartner #TradedVC