uae-startup
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Ninety Percent of the Economy, Ten Percent of the Credit
SMEs are most of the UAE economy and a fraction of its lending. CredibleX embeds working capital where business already happens - and turned Mubadala into a lead investor with a $15 million Series A.
DTEK.ai
DTEK.ai is a Dubai-based retail AI company whose flagship product, SWIFT, replaces barcode scanning with computer vision: shoppers set their items down on a kiosk, the system recognises them in a fraction of a second, and the transaction closes in about twenty to thirty seconds. Founded in January 2021 as Dukkantek - a cloud point-of-sale and store-management platform for the corner grocers of the Gulf - the company rebranded around late 2023 and rebuilt itself around vision models, adding SIGHT (turning existing CCTV into non-biometric store analytics) and a layer of configurable AI agents for loss prevention and reporting. It has raised $15.2 million across two rounds from investors including Global Founders Capital, BECO Capital, Rocketship and Wamda Capital, and in May 2026 signed its most visible deal to date: a rollout of SWIFT across 50 Oasis by ADNOC convenience stores in the UAE, with ADNOC Distribution citing a target of more than 60 percent faster checkout.