Tech & Software · Week of Oct 26, 2026
Gulf finance and applied AI tools: the week in tech and software
Bahrain's Gateway Gulf forum produced finance and AI-banking news, while software releases centred on AI for documents, data enrichment and automation.
Two of the week's releases came from Gateway Gulf 2026 in Bahrain. Investcorp reported US$11.1 billion in aggregate fundraising, deployment and exit activity for the first nine months of 2026, and Mumtalakat and ARP Group said they will set up an AI-native, blockchain enabled wholesale bank that has in-principle approval from the Central Bank of Bahrain. Digital assets also featured: TROOPS signed a term sheet with Young Platform on exchange infrastructure.
AI appeared across several software releases. ModelBest and OpenBMB open-sourced the MiniCPM-OCR document models, Coveo announced the acquisition of agentic product data enrichment engine Anglera, and Unisys cited an AI-powered service desk in its award for work with Cushman & Wakefield. Appian said its Defense Cloud reached IL5 authorization, and SCANOLOGY introduced a tablet platform for on-site 3D inspection.
Bahrain EDB
Investcorp Announces Aggregate Financial Activity for 2026 at Gateway Gulf Investment Forum
Investcorp says it raised US$4.8 billion, deployed US$3.7 billion and recorded US$2.6 billion in exits between January and September 2026, with assets under management of US$65.2 billion as of September 2026. The company also says its Investcorp Wealth digital platform has enabled more than US$620 million in client capital raising since its 2024 launch, and it launched an AI Investment Framework.
Bahrain EDB
On the Sidelines of Gateway Gulf 2026: Mumtalakat and ARP Group partner to establish an AI native wholesale bank in Bahrain
Bahrain sovereign wealth fund Mumtalakat and ARP Group announced a partnership to establish an AI-native, blockchain enabled wholesale bank in Bahrain, which has in-principle approval from the Central Bank of Bahrain. The companies say the bank will serve regulated financial institutions, payment companies and cross-border businesses through API connections, and will begin regulated activities only after final authorisation.
ModelBest
ModelBest and OpenBMB Open-Source MiniCPM-OCR Series, Delivering High-Performance Document Parsing and AI-Powered Quality Control
ModelBest and OpenBMB released the MiniCPM-OCR 1.0 (1.3B) document parsing model and the MiniCPM-OCR Jev (2B) OCR quality-assessment model as open source on GitHub, Hugging Face and ModelScope. The companies say Jev assigns confidence scores to OCR output without replacing the existing OCR engine, and the models support vLLM, SGLang, llama.cpp and Ollama, with Day-0 hardware adaptation for AMD, Arm, Houmo AI, Intel and NVIDIA.
SCANOLOGY
SCANOLOGY Introduces AirGO Pad for On-Site 3D Scanning, Inspection and Reporting
SCANOLOGY introduced AirGO Pad, a tablet-based platform that works with compatible SCANOLOGY wireless 3D scanners for scanning, inspection and reporting on-site without a separate laptop. The device supports standard CAD/3D formats and preconfigured report templates, and the release does not state pricing or an availability date.
Coveo Solutions Inc.
Coveo Reports Second Quarter Fiscal 2027 Financial Results
Coveo reported SaaS subscription revenue of $39.1 million for its second quarter of fiscal 2027 and says new business bookings were a record, including two seven-figure per year transactions. The company also announced the acquisition of Anglera, which it describes as an agentic product data enrichment engine.
TROOPS
TROOPS, Inc. (NASDAQ: TROO) Announces Strategic Term Sheet with Young Platform to Accelerate Development of Digital Asset Exchange Infrastructure
TROOPS, Inc. (NASDAQ: TROO) announced on Oct. 30, 2026 a term sheet with Young Platform S.p.A., a European digital asset technology provider. The company says the agreement is designed to accelerate development of digital asset exchange infrastructure.
Appian
Appian Defense Cloud Achieves IL5 Authorization Across Department of War Operations
Appian announced on Oct. 29, 2026 that the Appian Defense Cloud achieved Impact Level 5 authorization across Department of War operations. The company describes IL5 as the highest unclassified level of authorization, relevant to automation in mission-critical defense operations.
Unisys Corporation
Unisys and Cushman & Wakefield Named Paragon Champions for Excellence at 2026 ISG Paragon Awards™
Unisys and client Cushman & Wakefield were named Paragon Champions for Excellence at the 2026 ISG Paragon Awards. Unisys says the cloud migration and AI-powered service desk project delivers more than $35 million in five-year savings to the client.
This roundup is written with AI assistance from the press releases listed above, using only what they state. The releases are the companies' own announcements, not FixMyWeb reporting.