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Thunder Code, co-founded by Jouini and Othmani, aims to revolutionize QA with features like natural language test creation and AI-driven CI/CD pipelines, claiming to cut testing time by 90%. Meanwhile, Tunisian startup Kumulus Water has raised $3.5 million to scale its technology that converts air into drinking water, addressing water scarcity sustainably. EIGHTClouds, a UAE-based investment firm, has successfully raised $20 million to expand in the food and beverage and hospitality sectors, focusing on consumer-centric brands in the GCC region.
Tunisia-based AI startup Thunder Code has raised $9 million in seed funding to enhance its AI-native software testing platform, enabling non-technical users to automate testing and improve QA efficiency by 90%. Founded by Karim Jouini and Jihed Othmani, the platform features advanced capabilities like natural language test creation and self-healing scripts, aiming to redefine quality assurance standards globally.
European markets are seeing a boost, with the STOXX Europe 600 Index up 0.90% due to easing inflation and supportive ECB policies, prompting investors to seek dividend stocks for stable income. Notable picks include Manitou BF, offering a 5.6% yield, despite a volatile dividend history, and INDUS Holding, a private equity firm with diverse revenue streams.
AESC has paused construction on its $1.6 billion battery plant in South Carolina due to uncertainties surrounding federal tax breaks and tariffs. The company, which has already invested $1 billion, plans to restart construction but did not specify when. Meanwhile, BMW's plans for its battery assembly site remain unaffected, and South Carolina continues to invest in electric vehicle manufacturing.
Santander X has recognized six innovative companies in user experience optimization, awarding them a share of EUR 120,000. An expert panel evaluated submissions based on personalization, omnichannel reach, and empathy. The winners gain international visibility and access to the Santander X 100 community, fostering connections with entrepreneurs, mentors, and investors. Over 900 companies from 11 countries participated in this global challenge.
Kumulus Water, a Tunisia-based startup founded by Mohamed Ali Abid and Iheb Triki, has secured $3.5 million in seed funding to enhance its atmospheric water generation technology. The investment will facilitate the launch of the Kumulus Boks line, aimed at providing off-grid water solutions for industrial and community use in markets like France, Spain, and Saudi Arabia. The company’s self-contained Atmospheric Water Generators (AWGs) have already been deployed in various locations, addressing global water scarcity challenges.
Dutch car-sharing company MyWheels is set to integrate 500 Renault electric vehicles (EVs) into its fleet, marking Europe's largest vehicle-to-grid (V2G) rollout. This initiative aims to enhance grid stability by allowing EVs to store and return electricity during peak demand, utilizing bidirectional chargers from We Drive Solar. The project, based in Utrecht, is expected to be fully deployed by 2026.
Kumulus Water, a Paris-based climate tech startup, has secured USD 3.5 million in seed funding to enhance its sustainable water generation technology. The company’s atmospheric water generators (AWGs) convert air into clean drinking water, targeting regions with water scarcity and limited infrastructure. The funding will support the development of Kumulus Boks and facilitate expansion into Saudi Arabia, Europe, and North Africa.
[Bloomberg]
The EU has imposed a €329 million fine on Delivery Hero and its Spanish subsidiary Glovo for antitrust violations. Between 2018 and 2022, the companies limited competition by sharing sensitive information, agreeing not to poach employees, and dividing national markets for food delivery. Delivery Hero has held a 94 percent stake in Glovo since July 2022.
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innovative startups secure funding to tackle water scarcity and enhance quality assurance
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Karim Jouini
Jihed Othmani
Iheb Triki
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00:13 11.06.2025
tunisian ai startup thunder code secures 9 million to transform software testing
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20:11 10.06.2025
European Dividend Stocks Yielding Up to 5.6 Percent Amid Market Recovery
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07:31 09.06.2025
battery plant construction halted amid electric vehicle and tariff concerns
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Delivery Hero fined for collusion with Glovo in landmark EU case
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