Signit
Riyadh-based company licensed as a Trust Service Provider by Saudi Arabia's Digital Government Authority, offering e-signatures and AI-assisted contract lifecycle management. It raised a USD 15 million Series A in April 2026.
Industry: E-signature and contract lifecycle management | Location: Riyadh, Saudi Arabia | Founded: 2021 | Total Funding: USD 15M
About Signit
Signit is a Saudi technology company based in Riyadh that provides software for signing, verifying and managing agreements. Its website describes the business as digital-trust infrastructure and lists three products: eSignature, a contract lifecycle management platform and an AI assistant for contracts. Its legal name is Signit for Information Systems Technology.
Signit was founded in Riyadh in 2021, and Mohamed El Abbouri is its co-founder and chief executive. The company's own timeline says it launched commercially in the Saudi market in 2022 and had reached more than 100 organisations by 2023. It states that the Digital Government Authority licensed it as a Trust Service Provider in 2024, and that it launched its AI-powered contract lifecycle management platform in 2025. The website gives the team as more than 75 people.
The eSignature product is presented as legally binding under Saudi rules. Signers can be verified through Absher, Nafath and Wathq, and the platform connects with Microsoft tools such as Outlook and Word, Google Drive and SAML-based sign-in. The contract platform covers templates, redlining, approval workflows and renewal tracking. Signit says its data stays in Saudi Arabia and lists ISO 27001 and ISO 22301 certification, the Personal Data Protection Law and the National Cybersecurity Authority's Essential Cybersecurity Controls among its compliance items.
Signit says more than 700 organisations in over 20 business sectors use its platform, including government bodies, enterprises, non-profits, educational institutions, small businesses and start-ups.
On 20 April 2026 Signit announced a USD 15 million Series A round led by Raed Ventures, with STV, Seedra Ventures, Takamol Ventures and Suhail Ventures also investing. The company said the money would go to AI-powered drafting, negotiation and compliance features, a contract assistant and stronger certificate infrastructure behind digital signatures. Entrepreneur Middle East reported that the funds would also expand product, engineering and go-to-market teams.
Signit says it wants to become the default contract platform for enterprise and government customers in Saudi Arabia. Its website lists one office, in Riyadh's Ar Rabie district. In June 2026 TechScoop reported that STV counts Signit among the early-stage companies backed through its AI fund.
Leadership
- Mohamed El Abbouri, Co-founder and Chief Executive Officer