Saudi startup Signit raises $15M Series A led by Raed Ventures to expand its AI powered contract management platform across enterprise and government sectors.
Saudi Arabia’s digital signature and contract management startup Signit has raised $15 million in a Series A funding round, marking a significant step in its evolution toward AI driven enterprise solutions. The round was led by Raed Ventures, with participation from STV, Seedra Ventures, Takamol Ventures, and Suhail Ventures, underscoring strong investor confidence in the Kingdom’s growing legal tech and SaaS ecosystem.
Founded by Mohamed El Abbouri, Signit initially built its platform around digital signature solutions, enabling organizations to streamline document authentication and approval workflows. The company is licensed as a Trust Service Provider by Saudi Arabia’s Digital Government Authority, positioning it as a compliant and secure infrastructure provider for both public and private sector clients.
With fresh capital secured, Signit is now expanding into AI-powered contract lifecycle management (CLM), a move that shifts the company beyond e-signatures into full scale contract automation. The platform aims to cover the entire contract journey, including drafting, negotiation, tracking, compliance, and storage, using artificial intelligence to reduce manual processes and improve efficiency.
The company already serves 700+ enterprise and government customers, reflecting growing demand for digital transformation tools in Saudi Arabia’s corporate and public sectors. The transition into AI enabled workflows is expected to further strengthen its value proposition, particularly as organizations seek to manage complex legal and procurement processes more efficiently.
Signit’s expansion comes at a time when Saudi Arabia is rapidly accelerating its investment in artificial intelligence and digital infrastructure. The Kingdom has declared 2026 as the “Year of AI”, with AI related investments reaching approximately $9.1 billion, highlighting the scale of national commitment to advanced technologies.
Globally, contract lifecycle management platforms have become a key component of enterprise software stacks, with companies increasingly adopting AI to automate legal workflows, reduce risk, and improve compliance. Signit’s move aligns with this broader trend, positioning it alongside international players while focusing on localized regulatory and language requirements within Saudi Arabia.
The Series A funding will be used to scale product development, expand AI capabilities, and grow market presence across the Kingdom, particularly in government and large enterprise segments. As digital contracting becomes standard practice, Signit’s evolution into a full AI powered platform reflects the next phase of legal tech innovation in the region.
