Delivery startup Veho makes corporate job cuts

Veho, a package delivery company, confirmed that it laid off 19% of its employee headcount, or about 65 jobs. As first reported by The Information, these layoffs came after Veho grew revenue nearly 90% in 2023. “We conducted a reorganization of our corporate team to improve efficiencies, accelerate our path to profitability and be able…

DXwand raises $4M to scale its conversational AI platform serving enterprises in MENA

DXwand, a Cairo- and Dubai-based startup that leverages conversational AI to help businesses in the Middle East automate customer service and employee assistance, has raised $4 million in Series A funding. UAE-based Shorooq Partners and Cairo-headquartered firm Algebra Ventures led the investment, with existing investor Dubai Future District Fund also participating. The Series A investment…