AISoftwareStartups

Cercli Secures $12M in Oversubscribed Series A to Expand AI-First HR Platform Across MENA Region

Cercli, an AI-powered HR and payroll platform designed for MENA businesses, has raised an oversubscribed $12 million Series A. The startup reports scaling revenue over 10x and processing $100M+ in annual payroll, leveraging AI-native architecture to challenge legacy systems.

Oversubscribed Funding Round

Cercli, a Dubai-based HR technology startup, has reportedly raised $12 million in an oversubscribed Series A funding round led by European venture capital firm Picus Capital. According to reports, the round saw participation from Knollwood Investment Advisory and existing investors Y Combinator, Afore Capital, and COTU Ventures. This investment marks Picus Capital’s first venture into the MENA region, with the firm having previously backed global HR companies such as Personio and Deel.

Assistive TechnologyEnergy

Amazon’s Nuclear Power Strategy Advances with X-Energy SMR Partnership

Amazon is moving forward with its ambitious nuclear energy plans through a partnership with X-Energy. The companies aim to deploy up to 960 megawatts of small modular reactor capacity in Washington State, though regulatory and technical challenges remain.

Amazon’s Nuclear Ambition Takes Shape

Amazon is pushing forward with plans to integrate small modular nuclear reactors (SMRs) into its energy portfolio, according to recent reports. The tech giant has partnered with X-Energy to develop the Cascade Nuclear Energy Center in Richland, Washington, which sources indicate could eventually supply up to 960 megawatts of power. This initiative represents a significant step in Amazon’s strategy to secure clean, reliable energy for its expanding cloud and data center operations.