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Today, we will talk about these stories:
- Saudi Fintech Stitch Lands a16z in Historic GCC Debut
- AI That Builds Itself Raises $650M at $4.65B Valuation
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Saudi Fintech Stitch Lands a16z in Historic GCC Debut
Saudi Arabia-based fintech Stitch raised $25 million in Series A funding led by Andreessen Horowitz — marking a16z’s first-ever investment in the GCC — with participation from Arbor Ventures, COTU Ventures, Raed Ventures, and SVC. The company builds a cloud-native operating system for financial institutions, processing over $5 billion in transactions in just six months while growing customers 10x and revenue 20x in 2025.
AI That Builds Itself Raises $650M at $4.65B Valuation
Recursive Superintelligence, founded by former Salesforce Chief Scientist Richard Socher alongside researchers from Google DeepMind, OpenAI, and Meta, emerged from stealth with $650 million in funding led by GV and Greycroft, with Nvidia and AMD also participating — valuing the four-month-old company with fewer than 30 employees at $4.65 billion. The startup’s core thesis is recursive self-improvement: building AI systems that autonomously identify their own weaknesses and redesign themselves without human involvement.
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