Oman-based enterprise SaaS and AI startup Rihal has secured a US$ 7.5 million first close in its $15 million S ..Read More

Oman-based enterprise SaaS and AI startup Rihal has secured a US$ 7.5 million first close in its $15 million Series A round led by ITHCA Group to scale its data and AI platforms across government, logistics, telecom, and energy sectors.
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• Enterprise SaaS

SafaQat raises strategic funding to scale its AI-powered procurement platform. ..Read More

SafaQat raises strategic funding to scale its AI-powered procurement platform.
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• AI procurement SaaS

ZabonEx raises $100K to expand its demand forecasting tools for F&B. ..Read More

ZabonEx raises $100K to expand its demand forecasting tools for F&B.
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• Predictive Analytics

Oman-based B2B traveltech startup, Darrbak closed an undisclosed pre-seed funding round led by the Future Fund ..Read More

Oman-based B2B traveltech startup, Darrbak closed an undisclosed pre-seed funding round led by the Future Fund under the Oman Investment Authority (OIA). The investment aimed to enhance Darrbak’s digital infrastructure and expand its corporate client base across Oman and the region. Founded in 2025, Darrbak provides tech-enabled travel management solutions for corporates and government entities.
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• Travel-tech

Oman-based SaaS provider, Sampo AI closed its pre-seed funding round, raising $0.75M co-led by Omantel Innovat ..Read More

Oman-based SaaS provider, Sampo AI closed its pre-seed funding round, raising $0.75M co-led by Omantel Innovation Labs and Waad VC, with participation from Hexnture and Saudi angel investors. Founded in July 2024 by Saif Al-Essai and Khalifa Manaa, Sampo AI helps e-commerce businesses optimise pricing strategies. The funding supports its expansion into Saudi Arabia and the UAE.
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• SaaS

Oman Investment Authority (OIA) acquired an undisclosed stake in Elon Musk’s AI startup, xAI, as part of its ..Read More

Oman Investment Authority (OIA) acquired an undisclosed stake in Elon Musk’s AI startup, xAI, as part of its portfolio diversification strategy. Earlier, xAI raised $6 billion in a Series B round from investors including Qatar Investment Authority, Valor Equity Partners, and Saudi Arabia’s Kingdom Holding, reaching a $50 billion valuation. OIA is also a shareholder in Musk’s SpaceX.
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• Information Technology

Oman-based cloud kitchen IO Kitchens has secured funding led by Tanmia Small-Cap Fund, with support from famil ..Read More

Oman-based cloud kitchen IO Kitchens has secured funding led by Tanmia Small-Cap Fund, with support from family offices and regional investors. Founded in 2021, IO Kitchens provides a variety of delivery-only meals and currently operates three cloud kitchens with over 30 F&B brands. The investment will enable the company to expand its operations across Oman.
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• Foodtech