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UAE’s GrubTech raises $13M in Series A funding round to underpin growth

GrubTech, a platform for restaurants and cloud kitchens, has raised a $13 million Series A investment. The funding was led by Addition, while other investors include BY Ventures and Hambro Perks Oryx Fund. GrubTech’s restaurant management system enables its customers to operate more efficiently as well as increase sales by operating multiple brands from a single location.

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South African crowd-solving startup Zindi building a community of data scientists and using AI to solve real world problems

December 9, 2021
CDPI Emerging Markets
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CIAM Vendor Ping Identity Bought for $2.8 Billion by Private Investors

August 5, 2022

CIAM (Customer Identity and Access Management) was once largely about managing employee access to company systems, but it’s increasingly applied to consumer log-ins and identities as well.  This creates an overlap with the identity management systems more traditionally used for customer data.  The expanded market helps to explain why private investor Thoma Bravo just paid $2.8 billion for CIAM vendor Ping Identity, a 60% premium of its most recent stock price and just under 10x revenue.

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