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moves money TechAfrica News June 30, 2026

1001 Raises $30 Million Series A to Build Sovereign AI for GCC Critical Infrastructure

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1001, a GCC- and London-based company building sovereign AI for critical infrastructure, today announced a $30 million Series A led by Lux Capital. PIF-owned Sanabil Investments, 9Yards and Hanabi joined the round, and existing backers General Catalyst, CIV and Stanford AI researcher Chris Ré all increased their commitments. A number of regional and global angel investors also backed the firm, including Karim Atiyeh (Co-founder & CTO, Ramp), Kareem Amin (Co-founder & CEO, Clay), Russell Kaplan (

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