DUBAI—The 1 Billion Followers Summit in Dubai, the largest event focused on the content creator economy, awarded $11 million to four innovative startups through its 1 Billion Pitches competition.
Key Highlights:
- Top Winners: Saudi Arabia-based Halo AI secured $6 million, while South Korea's Eugenius received $3 million.
- UAE Startups Shine: Local startups Ta Marboota and PenSell each won $1 million.
- Purpose of the Competition: With funding of Dh50 million from Shorooq Partners and the Summit, the initiative aimed to empower global content creation startups by offering them opportunities to pitch ideas to venture capitalists.
Innovative Contributions:
- Halo AI: Provides AI-driven solutions to match brands with creators within minutes.
- Eugenius: A smart entertainment production company fostering impactful cross-cultural content.
The event was graced by Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of the Dubai Culture and Arts Authority, who celebrated the winners’ achievements.