Riyadh-based Stitch, which develops software for banks and financial services companies, raised a $25M Series A led by a16z, its first investment in the Gulf (Aisha S Gani/Bloomberg)

Aisha S Gani / Bloomberg: Riyadh-based Stitch, which develops software for banks and financial services companies, raised a $25M Series A led by a16z, its first investment in the Gulf — Andreessen Horowitz is making its first investment in the Gulf with a fundraise for a Saudi startup, as investors continue to sign deals despite the US-Israel war on Iran.