Sanabil Accelerator by 500 Global selects eight tech startups for 11th cohort

Saudi-backed Sanabil Accelerator by 500 Global has selected eight early-stage startups for its latest cohort, marking the program's 11th batch and reinforcing support for tech innovation in the region. Out of more than 690 applications, the chosen companies—Carevision, Emtethal, IBEA, Kami, Melon Digital, Raid AI, TPP, and Xsquare—focus on AI-enabled products and infrastructure technologies addressing key challenges in artificial intelligence, fintech, healthcare, fraud prevention, and digital content. The accelerator, which ran from April to July 2026, provides mentorship, investor exposure, and access to global networks, helping startups scale from the MENA region to the world. This initiative, backed by Sanabil Investments (a wholly owned company of Saudi Arabia's Public Investment Fund), is critical for fostering entrepreneurship and driving economic growth across the Middle East.