Nuwa Capital invests in cloud outages firm Mantas

GLOBAL: Nuwa Capital, which applies Shariah investment structures, led a US$1.77 million seed round in Mantas, which manages insurance for cloud service outages – treating this downtime as a material business risk, rather than a technical issue. The funding round was joined by Suhail Ventures, Plus VC and the OQAL Angel Syndicate.

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