Saudi Arabia tech ecosystem and Vision 2030
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.
SAMA approved a rise in Go Money’s capital from SAR 20 million to SAR 138 million. GO Telecom will inject SAR 100 million in cash and capitalise SAR 18 million already advanced. The parent keeps 100 percent. Articles still have to be amended.
Saudi platform Project Suppliers raised a $1 million pre-seed, SAR 3.75 million, from unnamed angels. It cites 12,000 suppliers and about 600,000 quote requests. The money is for AI cash-flow tools aimed at MEP payment delays. Valuation was not published.
CMA chairman Mazen Al-Sudairi said reforms for declining stocks, IPO quality and retail participation should land within 90 days. He said the retail slice of offerings should rise toward 30 percent. The 4 October comments are an interview, not a published rule.
CST’s GameMode report for Q2 2026 named stc Platinum Gaming Operator for the first half, after a 60% improvement versus Q2 2025. Steam downloads hit 100% in a three-way tie. stc alone led latency on eight titles. The award is a repeat, not a debut.