News

Truecaller Wants To Raise Over $100 Million In Stockholm IPO

Experts suggest that the upcoming IPO could take the company’s valuation to $3 billion.

Published

4 years ago

September 19, 2021

Joanna Melki

Truecaller

Truecaller, a smartphone app that identifies unknown callers has announced that it would like to raise $116 million in an initial public offering (IPO) on Nasdaq Stockholm.

The company will be listing its Class B shares (common stocks or preferred stocks offering fewer advantages than Class A) by the end of the fourth quarter of this year.

“One of our objectives this year has been to prepare Truecaller for an IPO. Thanks to the strong feedback that we’ve received from potential investors, it feels very exciting to take the next step in this process,” commented Alan Mamedi, CEO of Truecaller.

When Truecaller completed a previous funding round in 2018, the company was valued at more than $680 million. Now, some experts are saying that the upcoming IPO could take its valuation to $3 billion.

The money raised in the IPO will be used for future growth, for general corporate purposes, and to provide strategic flexibility for opportunistic acquisitions, as explained by Truecaller in the official press release.

Truecaller was founded back in 2009, and it currently has more than 400 employees. Its user base is almost 300 million large, and most of its monthly active users (92 percent) are located in India. In fact, 720,000 of its 1.2 million Premium subscribers were from India, according to May 2020 statistics. Another major market for Truecaller is the MENA region where traditional phone directories have little presence.

Also Read: Abu Dhabi Has Dropped Business Setup Fees By Up To 94%

Unlike many other similar solutions, Truecaller is a complete communication solution that eliminates the needs to switch to other apps, providing a spam-free inbox for text messages and an intelligent dialer that can reveal the names of unknown numbers.

The Premium version of Truecaller brings to the table a number of other features, including the ability to record phone calls and track upcoming bills and other important items.

News

Google Releases Veo 2 AI Video Tool To MENA Users

The state-of-the-art video generation model is now available in Gemini, offering realistic AI-generated videos with better physics, motion, and detail.

Published

2 days ago

April 16, 2025

Nour Nasir

Google

Starting today, users of Gemini Advanced in the MENA region — and globally — can tap into Veo 2, Google’s next-generation video model.

Originally unveiled in 2024, Veo 2 has now been fully integrated into Gemini, supporting multiple languages including Arabic and English. The rollout now brings Google’s most advanced video AI directly into the hands of everyday users.

Veo 2 builds on the foundations of its predecessor with a more sophisticated understanding of the physical world. It’s designed to produce high-fidelity video content with cinematic detail, realistic motion, and greater visual consistency across a wide range of subjects and styles. Whether recreating natural landscapes, human interactions, or stylized environments, the model is capable of interpreting and translating written prompts into eight-second 720p videos that feel almost handcrafted.

Users can generate content directly through the Gemini platform — either via the web or mobile apps. The experience is pretty straightforward: users enter a text-based prompt, and Veo 2 returns a video in 16:9 landscape format, delivered as an MP4 file. These aren’t just generic clips — they can reflect creative, abstract, or highly specific scenarios, making the tool especially useful for content creators, marketers, or anyone experimenting with visual storytelling.

Also Read: Getting Started With Google Gemini: A Beginner’s Guide

To ensure transparency, each video is embedded with SynthID — a digital watermark developed by Google’s DeepMind. The watermark is invisible to the human eye but persists across editing, compression, and sharing. It identifies the video as AI-generated, addressing concerns around misinformation and media authenticity.

While Veo 2 is still in its early phases of public rollout, the technology is part of a broader push by Google to democratize advanced AI tools. With text-to-image, code generation, and now video creation integrated into Gemini, Google is positioning the platform as a full-spectrum creative assistant.

Access to Veo 2 starts today and will continue expanding in the coming weeks. Interested users can try it out at gemini.google.com or through the Gemini app on Android and iOS.