Marks a significant investment by a Global strategic investor in one of MENA’s pioneering game development studios

DUBAI, UAE, Oct. 14, 2024 /PRNewswire/ — Accel-backed Jetapult, a global strategic investment company in the gaming landscape, takes a major stake in UMX Studio, one of the first homegrown game development studios in Saudi Arabia. The company invested $4.5mn in an all cash transaction.

In addition to capital, UMX Studio will get help to support the expansion of their existing portfolio, expand their audiences across global markets, and build games in new genres.

UMX Studio founded by Mr. Ali Alharbi in 2014, develops high-quality mobile games featuring stunning graphics, engaging gameplay, and suitability for all ages. Their games have garnered over 70 million downloads till date, showcasing their competence in developing high-resonance Arabic content that reflects their culture and values.

This is Jetapult’s first investment in the MENA region, with further investments planned in markets like South East Asia and Europe.

Speaking on the occasion, Sharan Tulsiani, the Co-Founder and CEO of Jetapult, said, “Jetapult’s investment in UMX goes beyond providing capital; we bring a wealth of proven gaming expertise and cutting-edge technology to this partnership.

Sharing a unified vision with Ali, this collaboration will not only unlock UMX’s global potential but also contribute to the growth of local talent and enhance gaming experiences across the Middle East’s vibrant development ecosystem”

The investment comes in the context of the exponential growth of the gaming and e-sports sector in the MENA region, and with the Saudi National Gaming and Esports entity aiming to make the country a global gaming hub by 2030. In 2023, gaming revenues in the MENA were approximately $7.2 billion, with Saudi Arabia emerging as a key growth player and is home to 23.5 million gaming enthusiasts.*

Mr. Ali Alharbi, Founder UMX, stated, “This significant investment from Jetapult not only marks a milestone for UMX Studio but also heralds a new era for the Saudi Arabian gaming industry. We are thrilled to partner with a globally recognized leader in the gaming investments space. This collaboration will not only accelerate our expansion but also empower us with advanced tools and expertise. In partnership with Jetapult we are committed to setting new benchmarks and establishing a solid foundation for nurturing and expanding Saudi Arabia’s gaming talent.”

Jetapult, co-founded by Sharan Tulsiani and Yash Baid, is backed by Accel Partners, Fireside, JetSynthesys, amongst others. The company aims to support game studios with a scientific approach to sustainable growth in markets such as Southeast Asia, MENA, Eastern Europe, and Latin America, through a $100 million commitment over the next five years. Jetapult employs a pioneering “Invest & Operate” (I&O) model, which combines strategic capital with hands-on operational support.

UMX has shown consistent year-over-year growth in profitability, driven by a portfolio of games that consistently top the Apple and Google charts in the region.

Jetapult is committed to UMX’s vision of fostering the Saudi Arabian market to become a hub for game development by harnessing Jetapult’s strategic expertise and UMX’s local talent and cultural nuance.

Mr. Barath Shankar Subramanian, Partner, Accel, stated, “Jetapult’s investment in UMX Studio marks a significant milestone in expanding its presence in emerging markets like MENA, where gaming and game development is rapidly gaining momentum. Jetapult’s unique ‘Invest & Operate’ model, which was the core of our investment thesis, has the potential to transform the global gaming ecosystem, enabling growth for gaming studios and the exploration of new gaming genres.”

*As per PWC in 2024

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JAIPUR, India, Oct. 14, 2024 /PRNewswire/ —  Amity University Rajasthan secures a spot in the 1001-1200 rank band Overall (World) in the Times Higher Education World Universities Rankings 2025. Despite stiff competition, the university attained the 46th rank Overall (India) and the 287th rank in the Quality Research (World) categories.

Speaking on the occasion, Prof. (Dr.) Amit Jain, Vice-Chancellor, Amity University Rajasthan credited the university’s innovative and professional ecosystem, and praised its research-driven faculty and staff whose efforts resulted in a score of 65.6 in the Research Quality metric. The impressive score reflects Amity’s ethos of research and innovation, demonstrated by the several patents published and granted, 2,014 research papers published and 37,644 citations achieved.  

The Times Higher Education World University Rankings 2025 are known to be the world’s most comprehensive evaluation of university performance. Their latest methodology contains 18 precisely calibrated metrics that assess institutions in five critical areas: teaching, research environment, research quality, industry engagement and international outlook.

About Amity University Rajasthan:

Amity University, Rajasthan is a NAAC A+ accredited clean green 150-acre picturesque campus, situated amidst the oldest mountain ranges of the Aravali, offering undergraduate, postgraduate and Ph.D. courses across various disciplines. The university is a hi-tech institution with air-conditioned amphitheater-style classrooms. Amity University offers students hi-tech labs for languages, media studies, education, pharmacy, biotechnology, engineering, hotel management, business management, and scientific research with modern facilities for various research ventures.

The university believes in nurturing student talent in a way that complements their academic pursuits.

The university has a well-connected and established alumni network, with Amitians being placed in premier national and international companies such as Thomson Reuters, Wipro technologies and the Trident Group.

The university has been awarded by ASSOCHAM for ‘Best University Campus’ and has been featured among the top universities in the world in THE IMPACT Rankings 2023 under sustainable development goals (clean water and sanitation (201-300), affordable and clean energy (401-600) and climate action (401-600)).

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DELHI, India, Oct. 14, 2024 /PRNewswire/ — From October 3rd to 5th, Arctech, the world’s leading solar tracking and racking solutions provider, participated in the Renewable Energy India Expo (REI)  in Greater Noida, Delhi, India. The exceptional India team presented four flagship products: the 1P solar tracking system SkyLine II, the 1P dual-row solar tracking system SkyWings, the newly developed Intelligent PV Cleaning Robot, and an innovative frame for PV modules made from polymer material. Notably, the Intelligent PV Cleaning Robot was the star of the show.

The robot, developed by Arctech independently, features several remarkable attributes that distinguish it from its counterparts.

Firstly, the cleaning robot is seamlessly integrated with its solar tracker system. This integration optimizes the operation path for solar module cleaning. Meanwhile, the cleaning robot’s shutdown platform is designed to integrate with the solar tracker’s spindle, which can reduce the number of posts required, thereby slashing the platform’s cost by 40%. The shutdown platform is engineered to align with the solar tracker’s operation trajectory, preventing operational disruptions and damage from misalignment between the platform and the modules while cleaning.

Furthermore, the robot’s lightweight structure, constructed from high-strength composite materials, reduces its weight by over 30% compared to traditional machines, minimizing the risk of damage to solar modules and ensuring consistent performance after 20,000 cycles. It features a patented differentiated drive design system for smooth transmission with minimal noise, quiet operation, and maintenance-free use. The incorporation of an AI-powered intelligent walking correction system, a straight-running anti-fall safety design, and a two-wheel stop mechanical windproof feature also enables it to withstand winds up to 50m/s.

Moreover, the robot is also equipped with a four-wheel drive system for anti-twisting, and hill-climbing up to 20 degrees, and can cross obstacles up to 50mm with a ± 20-degree module angle deflection. Its error-safe design incorporates light-sensitive sensors to prevent accidental activation and ensure efficient cleaning. Additionally, its compatibility design, featuring a telescopic anti-fall bridge, adapts to various panel array spacings, ensuring seamless integration with a range of solar panels and facilitating the smooth installation of solar trackers. To stay at the forefront of the industry trend and enhance solar project performance, Arctech has developed its Intelligent PV Cleaning Robot, with the first batch of mass-produced units scheduled for dispatch to India by early November.

Arctech’s SkyLine II and SkyWings solar tracking systems, featuring a multi-point drive mechanism, were highlighted at REI 2024 for their ability to enhance energy generation and lower the Levelized Cost of Energy (LCOE) for solar plants. The 1P SkyLine II is designed to follow the terrain, fitting India’s varied landscapes, while SkyWings, the world’s first dual-row tracker with this mechanism, ensures stability and optimal tilt for cleaning robots, suitable for India’s arid climates. Additionally, the polymer-material frames for PV modules, praised for their mechanical strength, corrosion resistance, and insulation, help prevent Potential Induced Degradation (PID), ensuring a stable operation for PV modules over the long term.

With a market presence spanning over nine years and a portfolio exceeding 10GW in the Indian market, Arctech is well-positioned to achieve even greater success with its advanced solar tracking, racking systems, and intelligent PV cleaning robot.

SOURCE Arctech