• Saudi Arabia-based proptech Mnzil has raised $11.7 million in a Series A round led by the US-based Founders Fund, in its first-ever investment in Saudi Arabia, with participation from COTU Ventures.
• Founded in 2024 by Abdulmajeed Al-Babtain and Abdulrahman Al-Shaya, Mnzil provides end-to-end worker-housing solutions.
• With the new investment, Mnzil will continue scaling its operational footprint, including the development of a 22,000-sqm site slated for six new worker-housing buildings, in partnership with local landowners to strengthen Saudi Arabia’s labour-accommodation infrastructure.

Press release:
Mnzil, the Saudi proptech for labour housing solutions, has raised over $11.7 million (SAR 44 million) in a Series A round led by Founders Fund, marking the US fund’s first-ever investment in Saudi Arabia, with participation from COTU Ventures.

Founded in 2024 by Abdulmajeed Al-Babtain and Abdulrahman Al-Shaya, Mnzil has rapidly expanded its footprint across more than 13 cities, delivering integrated housing solutions tailored to the needs of companies across multiple sectors. The company now serves over 100 corporate clients, including Smasco, EFSIM, Barq, and Sixt, through an operational network of 60+ fully equipped buildings that meet high standards of comfort and safety — redefining the worker-housing experience in the Saudi market.

Mnzil also announced the development of a 22,000-sqm site to build six new workforce-housing buildings, in partnership with local landowners, as part of its strategy to expand and upgrade Saudi Arabia’s labour-accommodation infrastructure.
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The participation of Founders Fund marks a significant milestone for the Saudi startup ecosystem, signalling growing international investor confidence in the Kingdom’s rapidly transforming service and infrastructure sectors under Vision 2030.

​source[wamda]

Evidium, a San Francisco, CA-based healthcare AI company, raised $22M in Funding.
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The round was led by Health2047, and WGG Partners, with participation from x.AI, Perplexity, Innovaccer, Interwoven Ventures and Mindset Ventures.

The company intends to use the funds to accelerate product development, expands its clinical modeling capabilities, and scales go-to-market operations.

Led by CEO and Founder Carl Bate, Evidium provides a platform that offers multiple precision products, each addressing specific stakeholder needs. Its precision products today include quality insights for clinicians and care teams, as well as probabilistic forecasting for medical risk bearing organizations including insurers, health plans, and integrated delivery networks (“payviders”).

The company says that its products allow stakeholders to better understand each condition and the associated care journey and cost.

source[FinSMEs]

London-based startup Monq has come out of stealth, raising $3 million in pre-seed funding to launch its AI-powered strategic negotiation platform.
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The round was led by Outward VC, with participation from Cornerstone VC, Portfolio Ventures, Octopus Ventures, Endurance Ventures, Lakestar Halo, and several strategic angel investors.

Founded in April by Revolut and Deutsche Bank alumni Yasin Bostancı and Duygu Gözeler Porchet, Monq tackles a key inefficiency in enterprise operations: optimizing how global corporations negotiate high-stakes deals.

High-value supplier contracts, ranging from $1 million to $100 million are critical for enterprises across sectors like manufacturing, technology, logistics and professional services. Despite representing a $10.4 trillion market, strategic procurement remains largely manual, with nearly 25% of time spent on low-value tasks and decisions often driven by intuition rather than data.

​Many current technology solutions merely add AI to existing processes rather than transforming how procurement teams work.

Monq’s multi-agent AI system uses LLM-based reasoning, contract intelligence, and behavioral science to assist not replace human decision-making. Each agent analyzes deal history, supplier performance, and negotiation patterns to predict responses, suggest levers and, when authorized, manage deals autonomously. Teams maintain control, delegating as desired, and focus on high-value strategy.

Yasin Bostancı, Monq’s co-founder and CEO, highlighted that strategic procurement has lagged in automation adoption, as it still depends largely on human intuition rather than data-driven, automated processes.

By empowering procurement teams with strong, actionable, data-driven and intelligent insights, we’re giving enterprises the speed, clarity and confidence to negotiate at a new scale while unlocking billions in hidden deal flow, value and efficiency before that value is lost to the company.

The funding will help Monq scale its pilot programs, expand operations, and build dedicated engineering and product teams across the EU, US, and Middle East. The company is launching with a subscription model and plans to explore value-based pricing, where clients pay a percentage of savings achieved using its platform.

About Monq
Monq, founded in 2025 automates high-value, low-volume enterprise negotiations. Its AI agents combine market intelligence with human-like reasoning to optimize deals end-to-end, from opportunity analysis to contract execution, helping businesses negotiate smarter, faster, and more profitably while turning every negotiation into a strategic advantage.

Clover Security, a Tel Aviv, Israel-based product security company, raised $36M in funding.

The round was led by Notable Capital and Team8 with participation from SVCI, Wiz co-founders Assaf Rappaport and Yinon Costica, Shlomo Kramer of Cato Networks, Rene Bonvanie, and executives from Snyk, CrowdStrike, Palo Alto Networks, Atlassian, and Google.

The company intends to use the funds to expand its product and its go-to-market efforts.

Founded by Alon Kollmann and Or Chen, Clover Security embeds AI agents into tools such as Confluence, Jira, GitHub, Cursor, and Slack to detect design flaws early and enable developers to build securely from the start.
Its AI agents replicate the thinking of experienced security engineers, understand how systems behave, anticipate where security flaws can show up, and apply security principles long before development begins.

Clover is already deployed at companies across banking, enterprise technology, and fintech, including Fortune 500 companies. Its customer base includes Udemy, ServiceTitan, Lemonade, PROS, and Virgin Money, as well as private innovators such as Plaid, Notion, Neo4j, and Lead Bank.

The company promises that security teams are relieved from repetitive manual work, while developers receive real-time security feedback within their everyday workflows.

source [FinSMEs]

SubImage, a San Francisco, CA-based company bringing an open-core cloud security graph to the enterprise, raised $4.2M in seed funding.

​​Backers included FundersClub, Y Combinator, Phosphor Capital, and Transpose Platform.

The company will be using the funds to grow its engineering team, expand customer pilots, and ship new features.

Co-founded by Alex Chantavy and Kunaal Sikka, who both worked on security teams across government, enterprises, and hypergrowth startups, SubImage brings an open-core cloud security graph to the enterprise. It maps an entire infrastructure so users know exactly what’s exposed, misconfigured, or needs attention first. Security teams use it to fix vulnerabilities, identify ownership, and respond to incidents faster.

source[FinSMEs]