Author: OurCrowd

[BioCatch in The Times of Israel] Israeli tech donates stock options amid war to aid national recovery

Feb 9, 2025 |

When UK private equity firm Permira in May last year bought a majority stake in Israeli fraud protection firm BioCatch at a $1.3 billion valuation — as the country was still at war with the Hamas terror group — investors cashed in handsome returns. The deal also benefited Israeli youth, soldiers and victims of the October 7, 2023 onslaught, thanks to the sale of options worth $1.3 million, originally donated in 2015 by BioCatch to the the nonprofit organization Tmura. Read more...

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[Groq in Middle East AI News] Groq opens EMEA’s largest AI compute centre in Saudi Arabia

Feb 9, 2025 |

#Saudi #LEAP25 – Jonathan Ross, CEO of Groq today announced the opening of the AI inference leader’s second GroqCloud region and Europe, Middle East and Africa’s largest AI inferencing center in Dammam, backed by $1.5 billion investment in Saudi Arabia. Speaking on the main stage of LEAP 2025 in the company of Tareq Amin, former CEO of Aramco Digital and H.E. Abdullah Alswaha Minister of Communications and Information Technology, Ross confirmed that the GroqCloud is now live running on 19,000 Groq LPUs (language processing units).  Read...

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