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Business

Funding rounds, IPOs, acquisitions, and the business stories moving the global tech industry.

A modern logistics terminal with shipping containers stacked under late-afternoon light, viewed from above.

Careem co-founders raise $40M for AI logistics platform serving MENAP corridor

Mudassir Sheikha and Magnus Olsson's new venture, Atlas, will route freight across the UAE-Saudi-Pakistan trade lane using fleet-level AI dispatch. Sequoia leads, with participation from STV and Aramco Ventures.

Faizan Khan·May 6, 2026·3 min read

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