Connect with us

Technology

Think closes MENA’s largest AI infrastructure pre-seed round at over $8 million

Published

on

Co-Led by RAED Ventures and Wa’ed Ventures, with participation from Dhahran Techno Valley’s Venture Capital arm and strategic angelsFunding will accelerate the deployment of Think’s integrated hardware and orchestration platform, designed to reduce the cost and complexity of AI

RIYADH, Saudi Arabia, July 15, 2026 /PRNewswire/ — Think, the Saudi-based company building a new generation of intelligent, unified hardware and software infrastructure for artificial intelligence, today announced it has raised over $8 million in pre-seed funding, marking the largest AI infrastructure and deeptech pre-seed round in MENA to date.

The round is being co-led by RAED Ventures and Wa’ed Ventures, with participation from Dhahran Techno Valley’s Venture Capital arm and strategic angel investors. The capital will support team expansion, manufacturing scale-up, product development, and international growth initiatives as Think rapidly accelerates deployments across Saudi Arabia and expands its presence across the GCC and selected global markets.

Think is focused on solving the next major challenge in AI adoption by reducing the cost and complexity of AI infrastructure while dramatically improving efficiency. Its technology combines high-density, liquid-cooled multi-GPU compute nodes with proprietary bare-metal orchestration software, enabling companies of any size to deploy AI models more efficiently, securely, and cost-effectively while maximising all available compute capacity.

Think was founded by Ahmed AlSharif, a technology leader whose career includes senior roles at Meta, Sony PlayStation Europe and EA Games, alongside enterprise technology veteran Ammar Enaya, whose career spans leadership positions at Cisco, HPE Aruba and Vectra AI.

“As the industry moves beyond the race for bigger models and larger data centres, a new age of efficiency is beginning,” said CEO Ahmed AlSharif. “AI infrastructure today is expensive, inefficient, and increasingly difficult to scale. Think exists to help organisations do more with the compute they already have, offering an alternative to the industry’s current obsession with bigger, faster and more expensive.”

Think’s approach combines proprietary AI Node hardware with ILM, a software orchestration layer designed to maximise GPU utilisation, lower token costs, and reduce the overall cost of deploying AI. In production benchmark testing, the platform achieved sustained GPU utilisation of more than 90%, compared with industry averages of 30–50%, with a per-million-token cost that’s almost 10x lower than the average cost of using frontier models from Google, OpenAI, and Anthropic.

This is all achieved using existing, widely available GPUs, and doesn’t require proprietary or specialist inference hardware. The platform will soon support mixed-vendor and specialist inferencing silicon working in tandem for both inferencing and training.

With Saudi Arabia accelerating its ambitions to become a global leader in artificial intelligence, the firm is building what it describes as the engine room of the AI era: the integrated infrastructure layer that powers secure, efficient, and sovereign AI deployments across the Kingdom and the wider GCC.

The company is already engaged in multiple proofs of concept, production deployments, and strategic partnerships across Saudi Arabia, including participation in the Kingdom’s rapidly evolving AI ecosystem alongside initiatives such as HUMAIN.

“Our customers want the benefits of AI without the spiralling costs, security concerns, and dependence associated with hyperscale cloud providers,” said Ammar Enaya, co-founder of Think. “We’re seeing strong demand from enterprises, start-ups and government organisations looking for infrastructure that delivers the performance they need, with an approach that gives them total control and ownership.”

The funding brings together investors who share Think’s belief that the next generation of AI will be defined not only by more powerful models, but by more efficient, sovereign and economically sustainable infrastructure.

Wael Nafee, General Partner, RAED Ventures: “The next generation of AI leaders will be defined not only by the models they build, but by the infrastructure that makes AI practical, affordable and sovereign. Think is tackling one of AI’s biggest challenges with technology that improves efficiency while giving organisations greater control over their AI capabilities. We believe the team is building a category-defining company from Saudi Arabia with global potential.”

The funding round comes as organisations worldwide seek alternatives to traditional AI deployment models amid rising GPU costs, increasing concerns around data sovereignty, and growing pressure to both improve the economics and reduce the environmental impact of AI. Think’s integrated approach combines hardware, software, and cooling technologies into a single platform that can be deployed across data centres, offices, laboratories, and edge environments.

Eng. Anas Algahtani, CEO, Wa’ed Ventures: “Saudi Arabia has a unique opportunity not only to adopt AI, but to build the infrastructure that powers it. Think is resolving one of the industry’s biggest challenges by making AI deployment more efficient, scalable and sovereign, and we’re proud to support its next stage of growth.”

Faizan Baig, Chief Investment Officer, Dhahran Techno Valley (DTV): “Sovereign and efficient AI infrastructure is foundational to every country’s AI ambitions. Think is tackling one of the sector’s most pressing challenges by helping organisations deploy and scale AI while maintaining control over cost, security and data.”

With the funding now secured, Think plans to accelerate commercial deployments across Saudi Arabia while expanding its platform and international presence. The company plans to expand across the GCC over the next 18 months while accelerating development of ILM as a standalone software platform, supporting Saudi Arabia’s ambitions to become a global hub for next-generation AI infrastructure.

About Think

Think is dedicated to making AI superintelligence affordable, efficient, and accessible to everyone. Think’s unified approach to AI infrastructure combines intelligent software with high-performance hardware to address the most critical technical bottlenecks in AI deployments today, including cooling, power efficiency, and GPU utilisation.

Think was created to empower organisations, enterprises, and governments to achieve true AI sovereignty with full security and data privacy, without relying on traditional data centres or cloud dependencies.

Founded by games industry veteran Ahmed AlSharif (formerly of PlayStation, EA, and Meta) and seasoned technology leader Ammar Enaya (formerly of Cisco and HPE), Think is based in Riyadh, Saudi Arabia.

About RAED Ventures

RAED Ventures is a MENA-focused venture capital firm with over $550 million in assets under management. Founded in 2015, RAED Ventures partners with exceptional founders across MENA from seed to growth stages, backing category-defining technology companies and helping them scale into regional and global market leaders.

About Wa’ed Ventures

Wa’ed Ventures is a $500 million institutional venture capital firm wholly owned by Aramco to promote economic diversification and new business growth in the Kingdom by investing in high-growth tech startups across multiple sectors. Established in 2013, Wa’ed Ventures manages a portfolio of 100+ startups, providing end-to-end support to startups from funding to providing access to partner resources. The company is located in the city of Dhahran, Saudi Arabia. For more information, please visit: https://www.waed.com/

About Dhahran Techno Valley

Dhahran Techno Valley (DTV) is Saudi Arabia’s emerging hub for deep-tech innovation, bringing together world-class research, industry, capital, and entrepreneurship. Anchored by King Fahd University (KFUPM), DTV is home to more than 15 multi-national research centres and 65 deep-tech startups, and collaborates with more than 20 Fortune Global 500 companies to accelerate the commercialisation of breakthrough technologies. DTV’s newly established venture capital arm operates as an independent investment vehicle, backing high-potential local and international deep-tech startups while creating pathways for their expansion into the regional market. Visit dtv.sa for more information.

For more information, visit www.think-ai.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/think-closes-menas-largest-ai-infrastructure-pre-seed-round-at-over-8-million-302825409.html

SOURCE Think

Continue Reading

Technology

Sabre Corporation Announces Early Tender Results of Previously Announced Cash Tender Offer and Consent Solicitation by Sabre Financial Borrower, LLC

Published

on

By

SOUTHLAKE, Texas, Sept. 25, 2026 /PRNewswire/ — Sabre Corporation (“Sabre”) (Nasdaq: SABR) today announced the early tender results of the previously announced cash tender offer (the “Tender Offer”) by Sabre Financial Borrower, LLC (“Sabre Financial”), its indirect wholly-owned subsidiary, for any and all of Sabre Financial’s securities set forth in the table below (the “Securities”) and concurrent solicitation of consents (the “Consent Solicitation”) to certain proposed amendments to the Securities and the Indenture (as defined below). The Tender Offer and Consent Solicitation will expire at 5:00 p.m., New York City time, on October 12, 2026 (unless extended or earlier terminated, the “Expiration Date”).

The Tender Offer and Consent Solicitation are being made pursuant to the terms and conditions set forth in the offer to purchase and consent solicitation statement, dated September 14, 2026 (the “Offer to Purchase”).

As of 5:00 p.m., New York City time, on September 25, 2026 (such date and time, the “Early Tender Deadline” and “Withdrawal Deadline,” as applicable), according to information provided to D.F. King & Co., Inc., the tender and information agent for the Tender Offer and Consent Solicitation, the aggregate principal amount of Securities listed in the table below has been validly tendered and not validly withdrawn in the Tender Offer and Consent Solicitation. Withdrawal rights for the Securities expired at the Early Tender Deadline and, accordingly, any Securities that were validly tendered may no longer be withdrawn except where additional withdrawal rights are required by law.

Title of

Security

CUSIP / ISIN Number

Principal

Amount 

Outstanding

Principal Amount

Tendered at Early

Tender Deadline

Percentage of

Outstanding

Securities Tendered

Total

Consideration

(1)(2)

11.125% Senior

Secured Notes 

due 2029

78573X AA8

U86042 AA3

US78573XAA81

USU86042AA34

$1,000,000,000.00

$ 930,682,000.00

93.07 %

$        $1,092.50

 

(1)

Dollars per $1,000 principal amount of Securities validly tendered and accepted for purchase.

(2)

Includes Early Tender Premium (as defined below). Does not include accrued and unpaid interest on the Securities, which will also be payable as provided herein.

The Tender Offer and Consent Solicitation remain subject to the satisfaction or waiver of the conditions described in the Offer to Purchase, including the financing for the Tender Offer and Consent Solicitation. Such conditions may be waived by Sabre Financial in its sole discretion, subject to applicable law. Any waiver of a condition by Sabre Financial will not constitute a waiver of any other condition. Subject to the satisfaction or waiver of such conditions and as described in the Offer to Purchase, Sabre Financial is expected to make payment on September 28, 2026 (such date and time, as it may be extended, the “Early Settlement Date”) for the Securities and related consents that (i) were validly tendered and delivered, as applicable, and not validly withdrawn or revoked, as applicable, at or prior to the Early Tender Deadline and (ii) are accepted for purchase on the Early Settlement Date.

The consideration to be paid for the Securities accepted for purchase on the Early Settlement Date per $1,000 principal amount of Securities is the amount set forth in the table above under the heading “Total Consideration.” The amounts set forth in the table above under “Total Consideration” include an early tender premium of $50 per $1,000 principal amount of Securities accepted for purchase (the “Early Tender Premium”). All Holders of Securities accepted for purchase will also receive accrued and unpaid interest from the most recent interest payment date preceding the Early Settlement Date to, but not including, the Early Settlement Date.

Any Holder who tenders Securities in the Tender Offer and Consent Solicitation will be deemed to automatically have provided consents, and Securities may not be tendered without delivering consents. Based on the consents received as of the Early Tender Deadline, Sabre Financial has obtained the required consents to effect all of the proposed amendments (the “Proposed Amendments”) as described in the Offer to Purchase. Consequently, as previously announced, Sabre Financial expects to execute a supplemental indenture (the “Supplemental Indenture”) effecting the Proposed Amendments with respect to the indenture dated December 5, 2025 (the “Indenture”), entered into by and among Sabre Financial, the guarantors party thereto, and Wilmington Trust, National Association, as trustee and collateral agent, under which the Securities were issued, and the Securities on or about the Early Settlement Date. The Supplemental Indenture will become effective upon (a) its execution and delivery by each of the parties thereto, and (b) the settlement of the Tender Offer with respect to accepted Securities tendered prior to the Early Tender Deadline on the Early Settlement Date.

In addition, pursuant to the terms of the Indenture, because more than 90% of the aggregate principal amount of the Securities outstanding has been validly tendered in the Tender Offer, Sabre Financial intends, following its purchase of the tendered Securities, to deliver a notice of redemption to redeem all Securities that remain outstanding after giving effect to the purchase of the Securities on the Early Settlement Date. The redemption price for such Securities will be equal to the Total Consideration set forth in the table above, plus accrued and unpaid interest thereon to, but excluding, the redemption date. The redemption date is expected to be October 13, 2026. Notwithstanding the foregoing, there can be no assurance that any Securities will be redeemed. Nothing herein shall constitute a notice of redemption with respect to the Securities.

Sabre Financial reserves the right, subject to applicable law, in its sole discretion, to waive any of the conditions of the Tender Offer or the Consent Solicitation, in whole or in part, at any time and from time to time. It also reserves the right, subject to applicable law, in its sole discretion, (1) to terminate or withdraw the Tender Offer or the Consent Solicitation at any time; (2) to extend the Early Tender Deadline, the Withdrawal Deadline or the Expiration Date; or (3) otherwise to amend the Tender Offer or Consent Solicitation in any respect. It may extend the Early Tender Deadline without extending the Withdrawal Deadline.

Information Relating to the Tender Offer and Consent Solicitation

The complete terms and conditions of the Tender Offer and Consent Solicitation are set forth in the Offer to Purchase. BofA Securities is the Dealer Manager and Solicitation Agent for the Tender Offer and Consent Solicitation. Investors with questions regarding the Tender Offer and Consent Solicitation may contact BofA Securities, collect: (980) 388-3646, toll-free: (888) 292-0070, email: debt_advisory@bofa.com. D.F. King & Co., Inc. is the tender and information agent for the Tender Offer and Consent Solicitation. Copies of the Offer to Purchase and any related offer documents may be obtained by contacting D.F. King & Co., Inc. by phone at (646) 455-1060 (New York) or (866) 356-7814 (toll-free) or by email at sabre@dfking.com. 

None of Sabre Financial, Sabre, their affiliates, their respective boards of directors and stockholders, the Dealer Manager and Solicitation Agent, the Tender Agent or Wilmington Trust, National Association, as trustee for the Securities, are making any recommendation as to whether Holders should tender any Securities or deliver any Consent in response to the Tender Offer and Consent Solicitation. Holders must make their own decision as to whether to tender any of their Securities and deliver their Consents, and, if so, the principal amount of Securities to tender and Consents to deliver.

This press release is for informational purposes only and is not an offer to buy or a solicitation of an offer to sell any of the Securities, and the Tender Offer and Consent Solicitation do not constitute offers to buy or the solicitation of offers to sell Securities in any jurisdiction or in any circumstances in which such offers are unlawful. The full details of the Tender Offer and Consent Solicitation, including complete instructions on how to tender Securities and deliver Consents, are included in the Offer to Purchase. Holders are strongly encouraged to read carefully the Offer to Purchase because it will contain important information.

Forward-Looking Statements

Certain statements herein are forward-looking statements about trends, future events, uncertainties and our plans and expectations of what may happen in the future. Any statements that are not historical or current facts are forward-looking statements. In many cases, you can identify forward-looking statements by terms such as “expect,” “guidance,” “outlook,” “trend,” “pro forma,” “on course,” “on track,” “target,” “potential,” “benefit,” “goal,” “believe,” “plan,” “confident,” “anticipate,” “indicate,” “trend,” “position,” “optimistic,” “will,” “forecast,” “continue,” “strategy,” “estimate,” “project,” “may,” “should,” “would,” “intend,” or the negative of these terms, where applicable, or other comparable terminology. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. More information about potential risks and uncertainties that could materially affect our business and results of operations is included in the “Risk Factors” and “Forward-Looking Statements” sections in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, filed with the SEC on August 6, 2026, our Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 18, 2026 and in our other filings with the SEC, as well as other risks and uncertainties specified in the “Certain Significant Considerations” section of the Offer to Purchase. We cannot guarantee future events, including financing of the Tender Offer and Consent Solicitation and successful completion of the Tender Offer and Consent Solicitation, outlook, guidance, results, actions, levels of activity, performance or achievements. Readers are cautioned not to place undue reliance on these forward-looking statements. Unless required by law, we undertake no obligation to publicly update or revise any forward-looking statements to reflect circumstances or events after the date they are made.

About Sabre

Powering the agentic revolution in travel. Sabre is an AI-native technology leader, backed by one of the world’s largest travel data clouds. With AI at its core and operating at unparalleled scale, Sabre transforms insights into innovation, empowering airlines, hoteliers, agencies and other partners to retail, distribute and fulfill travel worldwide. Sabre is built on an open, modular, cloud-native architecture and serves as the backbone for both established leaders and bold, new disruptors, guiding them to the next age of travel retailing through intelligent, connected, and personalized experiences.  

SABR-F

Contacts:

 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/sabre-corporation-announces-early-tender-results-of-previously-announced-cash-tender-offer-and-consent-solicitation-by-sabre-financial-borrower-llc-302890677.html

SOURCE Sabre Corporation

Continue Reading

Technology

ATB Investment Management announces U.S. equity sub-advisor transition for Compass Portfolios and ATBIS U.S. Equity Pool

Published

on

By

EDMONTON, AB, Sept. 25, 2026 /CNW/ — ATB Investment Management Inc. today announced a sub-advisor transition to Boston Partners Global Investors, Inc.’s U.S. Large Cap Value Equity Strategy for the following funds (the “Funds”) from the Funds’ existing U.S. equities sub-advisor effective on or about October 15, 2026:

Compass Conservative PortfolioCompass Conservative Balanced PortfolioCompass Balanced PortfolioCompass Balanced Growth PortfolioCompass Growth PortfolioCompass Maximum Growth PortfolioATBIS U.S. Equity Pool

There are no changes to the investment objectives or investment strategies of the Funds.

Boston Partners Global Investors, Inc. (“Boston Partners”) is an institutional investment manager specializing in global value-equity strategies. Their clients include corporate and public pension plans, endowments, foundations, and high-net-worth individuals across major global markets. Boston Partners offers investment capabilities across U.S. and global and Non-US equities, long/short equities, and private wealth solutions. Boston Partners consists of 190 employees headquartered in Boston, with four other offices around the world. The firm manages nearly $150 billion USD as of June 30, 2026.

On September 28, 2026 a special distribution will be paid to unitholders with a record date of September 25, 2026, in relation to the appointment of Boston Partners. Information about the special distribution will be available on the ATB Investment Management website, at atbim.atb.com, on September 29, 2026.

About ATB Investment Management Inc.
ATB Investment Management Inc. (ATBIM), the asset management subsidiary of ATB Financial, provides a range of high-quality comprehensive investment management services and solutions. ATBIM’s offerings include: a range of mutual funds, including the Compass Portfolios, and tailored discretionary investment management for high-net-worth individuals and institutions. Established over 20 years ago and with over $25.2 billion in assets under management, ATBIM provides trusted expertise and a commitment to client success.

ATBIM is registered as a Portfolio Manager across various Canadian securities commissions with the Alberta Securities Commission (ASC) being its principal regulator. ATBIM is also registered as an Investment Fund Manager who manages the ATB Funds. ATBIM is a wholly owned subsidiary of ATB Financial and is a licensed user of the registered trademark ATB Wealth.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

About ATB Financial
Powering possibilities for our clients, communities, and beyond is what drives us at ATB Financial. As a leading Alberta-based financial institution with over $115 billion in total assets and assets under management, our success comes from more than 5,400 team members who deliver exceptional experiences to over 855,000 clients across our Personal and Business Banking, ATB Wealth Management, and ATB Cormark Capital Markets businesses. ATB Financial provides expert advice and services through our extensive branch network and agencies, our dedicated Client Care Centre and our digital banking options. ATB Financial is bronze certified as part of the Partnership Accreditation in Indigenous Relations commissioned by the Canadian Council for Indigenous Business. More information about ATB can be found at atb.com.

For more information or interview requests, please contact:
ATB Financial, Media Relations Team media@atb.com

SOURCE ATB Financial

Continue Reading

Technology

CGTN AMERICA & CCTV UN: Peng Liyuan, Melania Trump Visit National Museum of Asian Art

Published

on

By

Peng Liyuan, wife of Chinese President Xi Jinping, and Melania Trump, wife of US President Donald Trump, visited the National Museum of Asian Art in Washington, D.C., on Thursday, September 24.

WASHINGTON, Sept. 25, 2026 /PRNewswire-PRWeb/ — (This material is distributed by MediaLinks TV, LLC on behalf of CCTV. Additional information is available at the Department of Justice, Washington, D.C.)

CGTN America & CCTV UN releases “Peng Liyuan, Melania Trump Visit National Museum of Asian Art”

Peng Liyuan, wife of Chinese President Xi Jinping, and Melania Trump, wife of US President Donald Trump, visited the National Museum of Asian Art in Washington, D.C., on Thursday, September 24.

Peng and Melania visited exhibition halls including the Peacock Room. Peng expressed appreciation for the US side’s return of Chinese cultural relics to China on multiple occasions in recent years, expressing hope that China and the United States would continue to strengthen cooperation on cultural exchanges and cultural heritage protection and deepen the friendship between the two peoples.

After the tour, Peng and Melania watched American teenagers sing Chinese songs together and had cordial exchanges with them. Peng encouraged them to continue studying the Chinese language and culture and to become envoys of friendship between China and the United States.

The National Museum of Asian Art is a renowned US institution dedicated to the collection, research and exhibition of Asian art.

Media Contact

Sun, CGTN America, 1 2023931850, distribution@cgtnamerica.com

View original content:https://www.prweb.com/releases/cgtn-america–cctv-un-peng-liyuan-melania-trump-visit-national-museum-of-asian-art-302890609.html

SOURCE CGTN America

Continue Reading

Trending