Intelmatix, a Riyadh, Saudi Arabia-based deep tech AI company, raised $20m in Series A funding.
The round was led byĀ Shorooq PartnersĀ with participation fromĀ Saudi Venture Capital Company, Saudi Technology Ventures, andĀ Olayan Financing Company.Ā
The company intends to use the funds to expand operations and its business reach across the MENAĀ regionĀ andĀ beyond.
Founded in 2021 by a group of MIT graduates led by Anas Alfaris, Almaha Almalki and Ahmad Alabdulkareem, Intelmatix provides organizations with decision intelligence technologies giving access to actionable insights to improve operations, productivity, growth, and sustainability.
The company has a global presence through offices in Riyadh, London, UK, and Boston, MA.
FinSMEs
01/08/2024