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Top related persons:
Faisal bin Farhan al - 1 Saud - 1 Hu Chunhua - 1 Fayez Nureldine - 1 Morgan Stanley - 1 Khalid Al - 1 CNBC's Dan Murphy - 1 Falih - 1
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Search resuls for: "Prosperity7 Ventures"


3 mentions found


☆ China's VCs look to the Middle East for a U.S. dollar lifeline
  + stars: | 2023-06-16 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +5 min
China's ties with the Middle East have warmed since Saudi Arabia and Iran restored diplomatic relations earlier this year — through discussions brokered by Beijing. Those tensions and increased regulatory scrutiny in both countries prompted many U.S.-based investors to hold off on investments in Chinese venture capital funds. Middle East capital is looking to step in, especially as countries such as Saudi Arabia and Qatar look to diversify from dependence on fossil fuels. However, many potential investments in Chinese funds are still in discussion, the venture capital funds said. Preqin data showed the share of Middle East sovereign wealth funds' investment in alternative assets worldwide roughly doubled between 2021 and the first half of 2022.
Persons: Faisal bin Farhan al, Saud, Hu Chunhua, Fayez Nureldine, Morgan Stanley, Khalid Al, CNBC's Dan Murphy, Falih, PIF, Massimo, Aysar Tayeb, Prosperity7, Tayeb, Abu Organizations: Saudi, Political Consultative, China Business Conference, Afp, Getty, BEIJING — Venture, U.S ., CNBC, Public Investment Fund, Investment, Conference, Prosperity7 Ventures, Business, of, Local Locations: Riyadh, BEIJING, China, Saudi Arabia, Iran, Beijing, U.S, Qatar, Middle East, Asia, East, Saudi, Al, Aramco, Hyperview, Shanghai, UAE, of Dubai, Abu Dhabi
☆ Five Chinese startups that survived a tough year of Covid lockdowns
  + stars: | 2023-01-03 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +6 min
Qilai Shen | Bloomberg | Getty ImagesBEIJING — In a year of Covid lockdowns and travel restrictions, some Chinese startups that survived found growth online and overseas. The startup avoided significant impact from China's Covid lockdowns since it could deliver its products virtually, Jiang said. The company aggressively pushed overseas in 2022 – launching subsidiaries in Tokyo, Seoul, Germany, Dubai, Los Angeles and Hong Kong, Wan said. Previously, Wan said that Keenon had seen revenue at least double or more every year from a lower base, when the China market was growing. The company has a staff of 100 people in the southern Chinese province of Guangdong and Los Angeles, Lin said.
☆ This chip startup wants machines to see the world the way humans do. Check out the 13-slide pitch deck Prophesee used to raise $50 million.
  + stars: | 2022-09-26 | by ( Hasan Chowdhury | ) www.businessinsider.com   time to read: +2 min
French semiconductor startup Prophesee has raised 50 million euros in fresh funds. Check out the 13-slide pitch deck it used to raise the capital from Aramco's venture fund. A startup that uses computer vision technology to mimic the way the human brain and eye work has raised 50 million euros (around $50 million) in a round led by Aramco's venture capital fund. The company has built a significant partnership with Sony that has resulted in a fresh sensor that combines Prophesee's technology with Sony's electronic chip sensor technology. Check out the 13-slide pitch deck used to raise the fresh funds below:
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