News

Riyadh’s Black Hat MEA Exhibition Will Be The Biggest Yet

The event is now 60% larger and will feature a new Black Hat Campus, Deep Dive Stage, Investor Program, CyberSeed Startup Competition, and more.

Published

9 months ago

October 24, 2023

Nour Nasir

Black Hat MEA

Black Hat Middle East and Africa (MEA), is the cybersecurity industry’s fastest-growing cybersecurity expo, and will soon open its doors in a three-day event at the Riyadh Front Exhibition & Convention Center, November 14-16.

Black Hat MEA 2023 is the world’s largest cyber security event, with 40,000 attendees. The expo will feature 300 exhibitors and 100 speakers, all connected by the “Infosec on the Edge” theme. The conference has attracted many industry heavy-hitters, including Cisco, Huawei, Ali Baba Cloud, Palo Alto, Kaspersky, and Zscaler, whose Vice President and Chief Information Security Officer Sam Curry explained the importance of the event:

“The rapid pace of innovation among attackers demands innovation and application of new approaches to cybersecurity like ZeroTrust and applied Artificial Intelligence. That starts with a cultural nexus like Black Hat MEA in Riyadh, where we bring together the global cyber community and open the doors to the next generation because, in cyber, diversity and inclusion aren’t just the right thing to do; they are a competitive advantage and the key to the future of the digital world”.

black hat middle east and africa 2023

Highlights for 2023 include a Black Hat Campus and Deep Dive Stage, where cyber experts explore prevailing cybersecurity threats, and an Investor Program, where 80 potential backers will hunt for promising startups to fund.

Meanwhile, developers will showcase open-source tools and products in a section of the center called The Arsenal. Finally, an ethical hacking Capture The Flag tournament will take place in the Activities Zone, with 1,000 participants in 250 teams using their forensic, crypto, and reverse engineering skills to grab a portion of the USD 187,000 prize fund.

Also Read: The Largest Data Breaches In The Middle East

As cyberattacks become increasingly sophisticated, public and private companies in the MEA region and beyond are coming together to search for meaningful technologies and solutions to combat them. Black Hat MEA will act as a key conduit and meeting place for world-renowned experts to share ideas and develop defensive measures.

Exhibitor and attendee registrations for the Black Hat MEA event are open now at BlackHatMEA.com.

News

Mamo Completes $3.4M Funding Round To Enhance Fintech Services

The startup will use the influx of cash to expand into Saudi Arabia and across the wider GCC while improving its product offering.

Published

1 day ago

July 25, 2024

Nour Nasir

Mamo

UAE-based fintech Mamo has announced the completion of a $3.4 million funding round that will help the startup extend its market presence and improve its product offering. Investors included 4DX Ventures, the Dubai Future District Fund and Cyfr Capital.

Mamo’s platform offers “payment collection, corporate cards and expense management” to help small and medium-sized businesses consolidate and streamline their operations. With the latest influx of capital, Mamo will further develop its comprehensive suite of services and begin testing its product lines in Saudi Arabia, further extending its footprint across the GCC.

Imad Gharazeddine, co-founder and CEO of Mamo, stated: “We’ve been in the market for a while now and are incredibly proud of what our team has achieved. The holistic and expansive nature of our product offering has helped us continue to grow sustainably. This additional funding will allow us to reach our medium-term goals even faster. The support from new and existing investors is a testament to our strong expertise and the ability to deliver on our customer promise”.

Daniel Marlo, General Partner of lead investor 4DX Ventures, added: “We have immense trust in Imad’s vision, leadership and Mamo’s innovative approach to provide a user-friendly and comprehensive financial solution for SMEs that makes financial management more accessible and efficient. We are proud to partner with them and support their mission”.

Also Read: A Guide To Digital Payment Methods In The Middle East

Amer Fatayer, Managing Director of Dubai Future District Fund’s investment team, also commented: “Mamo’s localized product lines serve as an infrastructure for SME payments and spend management in UAE, a segment that is underserved by the country’s current banking infrastructure. The team has taken a product-first approach to consolidating SMEs’ financial journeys and building a fintech solution deeply embedded in a business’s core operations”.

To date, Mamo has raised around $13 million in investment funding and now boasts a team of 30 people. The company’s intuitive financial services platform has allowed over 1,000 businesses to consolidate their financial operations and significantly reduce payment fees.