Saudi Arabia-based fintech infrastructure platform, Stitch, raised $10 million in a seed round backed by Arbor ..Read More

Saudi Arabia-based fintech infrastructure platform, Stitch, raised $10 million in a seed round backed by Arbor Ventures, COTU Ventures, Raed Ventures, and Saudi Venture Capital (SVC), along with regional family offices and angel investors. The capital was allocated to fuel Stitch’s expansion across MENA and East Africa, supporting its mission to accelerate the development and deployment of modern financial solutions through its unified API-driven platform.
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• Fintech

Saudi Arabia-based retail tech startup, BirdEye, raised $586,000 in a pre-seed round from a private tech-focus ..Read More

Saudi Arabia-based retail tech startup, BirdEye, raised $586,000 in a pre-seed round from a private tech-focused fund. The funding, secured shortly after its November 2024 launch, marked a key step in supporting BirdEye’s growth. The capital was aimed at scaling its digital retail platform across the Kingdom and expanding its local team, with a focus on enabling SMEs through streamlined operational tools.
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• Retail

Saudi Arabia-based e-commerce app, Ziadah closed a seed funding round from an undisclosed angel investor. The ..Read More

Saudi Arabia-based e-commerce app, Ziadah closed a seed funding round from an undisclosed angel investor. The capital was used to enhance its customer engagement tools and support the platform’s expansion to more merchants across the region.
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• Ecommerce

Saudi Arabia-based spacetech, SARsatX raised $2.6 million in a Seed round led by TONOMUS, with participation f ..Read More

Saudi Arabia-based spacetech, SARsatX raised $2.6 million in a Seed round led by TONOMUS, with participation from Wa’ed Ventures, Access Bridge Ventures, and KAUST Innovation Ventures. The capital was directed toward advancing SARsatX’s satellite technology and scaling deployment. The startup, spun out of KAUST’s TAQADAM Accelerator, focuses on Earth Observation solutions using Synthetic Aperture Radar.
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• Spacetech

US-based NaaS platform, Graphiant received $19M in Series B extension round from Aramco’s Wa’ed Ventures a ..Read More

US-based NaaS platform, Graphiant received $19M in Series B extension round from Aramco’s Wa’ed Ventures and stc Group’s Tali Ventures, as part of a larger $102 million Series B round. Other investors included Sequoia Capital, Two Bear Capital, and IAG Capital Partners. The investment supported Graphiant’s plans to establish a regional headquarters in Riyadh, aligning with Saudi Arabia’s push to attract emerging technology players.
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• NaaS

US-based AI infrastructure startup, TensorWave, raised $100 million in a funding round led by Magnetar and AMD ..Read More

US-based AI infrastructure startup, TensorWave, raised $100 million in a funding round led by Magnetar and AMD Ventures, with participation from Maverick Silicon, Nexus Venture Partners, and Prosperity7. This brought its total funding to $146.7 million. The capital was allocated to expand GPU clusters, scale operations, and grow the team beyond 100 employees, supporting the company’s trajectory toward $100 million in run-rate revenue by end-2025.
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• AI
• Infrastructure

Saudi Arabia-based contech startup, WakeCap, secured $28 million in funding during the Saudi-US Investment For ..Read More

Saudi Arabia-based contech startup, WakeCap, secured $28 million in funding during the Saudi-US Investment Forum to enhance its construction tech offerings. The round aimed to support expansion across Saudi Arabia and international markets, with a focus on safety, productivity, and data analytics. Previously, in April 2022, WakeCap received an undisclosed investment from Wa’ed, Aramco’s entrepreneurship arm.
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• Contech

Saudi Arabia-based healthtech, Kilow, raised $2.5 million in seed funding led by Sanabil Venture Studio, in pa ..Read More

Saudi Arabia-based healthtech, Kilow, raised $2.5 million in seed funding led by Sanabil Venture Studio, in partnership with Stryber. The investment supported the company’s plans to scale its AI-powered personalised weight management platform. Founded in 2024 by Fahed Al-Essa, Kilow also integrated smart health tracking, at-home lab testing, and tailored treatment services as part of its expansion strategy.
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• Healthtech