Saudi Arabia

7 Articles

Startups

Qatar’s Rasmal Ventures Invests in Yuno’s $45 Million Funding Round

Rasmal Ventures joined the Series B funding round of payments infrastructure company Yuno, led by Global PayTech Ventures with participation from investors including Andreessen Horowitz and Tiger Global. The move coincides with Qatar becoming the company’s regional hub in the Gulf Cooperation Council countries.

2026-08-15

Startups

Arab Therapy Raises $2 Million in Pre-Series A Round to Expand in Saudi Arabia and the Region

Digital mental health platform Arab Therapy, which provides services in Arabic, has raised $2 million in a pre-Series A funding round led by Manara Ventures, with participation from Anara Impact Fund and Value Makers Studio. The company will use the funding to expand in Saudi Arabia and the region and develop its AI-powered platform.

2026-08-15

Startups

Saudi Construction Platform Fitting Raises $1.1 Million in Its Second Investment Round

Saudi platform Fitting, which specializes in digitizing supply chains in the construction sector, has closed a second Seed funding round worth $1.1 million, with participation from an undisclosed strategic investor from the contracting and real estate development sector. The company intends to use the funding to expand into key Saudi markets, develop its technology infrastructure, and strengthen its operational and technical capabilities.

2026-08-15

Startups

Saudi Platform OORI Obtains Capital Market Authority License to Begin Arrangement and Advisory Activities

Saudi private-markets investment platform OORI has obtained a license from the Capital Market Authority to conduct arrangement and advisory activities, paving the way for the start of its operations. In its first phase, the platform is focusing on providing qualified investors with Shariah-compliant investment opportunities in technology companies.

2026-08-15

Startups

Saudi Company RIME Raises More Than $2 Million in Seed Funding Round

Saudi operational artificial intelligence solutions company RIME has raised more than $2 million in a seed round led by SEEDRA Ventures, with participation from other investors. The company plans to use the funding to expand its presence in Saudi Arabia and accelerate development of its platform, which operates artificial intelligence agents within operational sites.

2026-08-15

Startups

Saudi AI Company MOZN Receives Strategic Investment from HUMAIN

MOZN has received a strategic investment from HUMAIN alongside a partnership to develop sovereign AI solutions for financial institutions and the public sector. The first phase focuses on financial crime prevention, knowledge intelligence, governance, risk and compliance, with the first applications to be unveiled at LEAP Riyadh and broader commercial availability planned for the second half of 2026.

2026-08-15

Startups

Aramco Ventures Leads $9.5 Million Round for Mitti Labs to Reduce Water Consumption in Rice Farming

Indian startup Mitti Labs has raised $9.5 million in a Series A round led by Aramco Ventures to expand a platform that uses satellite imagery, artificial intelligence, and field operations to reduce water consumption and methane emissions on Asian rice farms. The company plans to begin operations in the Philippines this year, then expand to Indonesia and other Southeast Asian markets in 2027.

2026-08-05