Florian Graillot
October 11, 2024
While many of these startups first gained prominence through large funding rounds, the decline in funding across Europe has raised concerns about their progress. However, their recent trajectories provide valuable insights into the broader state of the InsurTech industry.
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MENA’s largest economies are spending big to pivot from a 90% hydrocarbon-based economy to a services hub for the world. It’s different. It’s top down. It’s spending big, and its speed running from dumb money to smart money with brute-force cash injections. But you cannot apply the lessons from India, China, LATAM, Europe, or the US to MENA. Like every market, it has unique dynamics, energy, and opportunities.
The rapid rise of generative AI has driven a parallel increase in security vulnerabilities, making it a top priority for executives. As new, hard-to-predict threats emerge from the nascent genAI space, so too do startups working on a broad range of novel cybersecurity solutions — some of which protect against genAI risks, while others use genAI to build new defenses.