Vrtx has raised $3.6 million in Pre-Seed funding from SC Ventures by Standard Chartered and six other investors. The Riyadh company builds embedded finance infrastructure and holds SAMA in-principle approval for an EMI license.
Saudi healthtech SDM took second place and $15,000 at the London Business School MENA Startup Competition 2026. Its AI tool SAARIA delivers one-minute diabetic eye reports. No patient volume was disclosed.
Saudi Arabia has sent the first biological samples from the Middle East into space on the BioGravity-1 mission. Healthy cells will set a baseline for later Alzheimer’s and multiple sclerosis studies in microgravity. No results yet.
Robo-advisor services in Saudi Arabia managed ﷼9.9 billion at the end of the second quarter of 2026. Portfolios crossed one million for the first time. Average assets per portfolio were about ﷼9,500. The figures are from Argaam.
Perceptors AI says it is live at Hamad Medical Corporation in Qatar and RGMBS in Saudi Arabia, with Iraq next for Arabic medical academies. The tutor answers only from approved sources. No learner count was published.
Autobia closed a $12 million Series A led by Artal Capital, with AlJazira Capital and Wa’ed Ventures. The Saudi firm sells spare parts to shops and offers instalments. No valuation was disclosed.
Alif Yaa is in advanced talks to buy a controlling stake in Saudi school operator Ajyalna, people familiar told Bloomberg. A value near $500 million was discussed. No decision has been taken. This is not Alef Education.
The World Bank put Saudi Arabia and the UAE in the world’s top 25 for model work and heavy computing, and first in the region on data-centre capacity. A jobs lift of up to 20 percent is a forecast. The report announced no new spending.
Echelon closed a round with East40, RAED Ventures, Avra and Ben Horowitz, and did not disclose the amount. The Riyadh firm, founded in 2025, installs foreign tools for Saudi companies and government bodies. A defence unit is planned for 2027.
Healthleap raised $38 million, an $8 million seed and a $30 million Series A, to flag hospital patients who may need a closer look. It says more than 50 hospitals use it. The valuation was not disclosed. The main published result is one malnutrition study.