Saudi Arabia

Saudi Arabia tech ecosystem and Vision 2030

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Saudi Aramco's LAB7 is looking for the next big idea in chips and AI

AB7, its innovation arm based in Dhahran, Aramco has teamed up with the World Economic Forum to run a global startup challenge focused on semiconductors and industrial AI, two areas sitting right at the center of the biggest technology race of our time.

MoFeb 202 min read

Incubators & AcceleratorsStartup Ecosystem

King Saud University enters the startup game with Riyadh Valley

King Saud University's investment arm has partnered with SparkLabs to establish a venture fund and four-month accelerator program launching in April. The move marks a significant shift in how major Gulf research institutions approach commercialization of academic research and represents a direct challenge to private venture firms dominating early-stage funding in Saudi Arabia.

Mo2d ago2 min read

King Saud University enters the startup game with Riyadh Valley

Mobility & LogisticsMobility & Transport

PIF-backed Lucid Motors cuts 800 jobs to turn profitable

Lucid Motors, the California electric vehicle maker backed by Saudi Arabia's Public Investment Fund, laid off roughly 800 salaried employees on Friday

MoFeb 202 min read

PIF-backed Lucid Motors cuts 800 jobs to turn profitable

PropTech & Real EstatePropTech

Dubai’s Stake secures $31 million in series B, eyes Saudi and U.S. markets

Digital real estate investment platform Stake has closed a $31 million Series B funding round led by banking group Emirates NBD, bringing its total venture capital raised to approximately $58 million and marking continued global expansion.

RazaFeb 172 min read

Dubai’s Stake secures $31 million in series B, eyes Saudi and U.S. markets

FintechFintech

Saudi fintech Madfu bags $25.5M to accelerate BNPL growth

Saudi BNPL startup Madfu has raised $25.5 million to expand its fintech footprint across the Kingdom, accelerating growth in digital payments and consumer finance under Vision 2030.

RazaFeb 162 min read

Saudi fintech Madfu bags $25.5M to accelerate BNPL growth

HealthTechMobility & Transport

Swvl deepens Saudi presence with new $1.5M healthcare contract

Swvl has expanded its operations in Saudi Arabia’s healthcare sector after securing a new $1.5 million contract, strengthening its position in enterprise mobility and institutional transport services in the Kingdom.

RazaFeb 162 min read

Swvl deepens Saudi presence with new $1.5M healthcare contract

StartupsDigital Transformation

Saudi tech firm Solidrange bags $2.4M series A funding

Saudi startup Solidrange has raised $2.4 million in a series A investment round as it scales its technology driven solutions across the Kingdom’s growing digital economy.

RazaFeb 162 min read

Saudi tech firm Solidrange bags $2.4M series A funding

FintechFintech

Saudi payments startup CASHIN closes $16M series A

Saudi fintech CASHIN has raised $16 million in a Series A round led by Impact46, as it scales its digital cash management and payment infrastructure across Saudi Arabia.

RazaFeb 162 min read

Saudi payments startup CASHIN closes $16M series A

Media, Gaming & Creator EconomyCorporate Innovation

Saudi's SAVVY eyes $6B moonton acquisition in gaming consolidation play

ByteDance is negotiating to sell Shanghai Moonton Technology to Saudi Arabia's Savvy Games Group for between $6 billion and $7 billion

MoFeb 152 min read

Saudi's SAVVY eyes $6B moonton acquisition in gaming consolidation play

AIArtificial Intelligence

Aramco and Microsoft Partner on Industrial AI Deployment

Saudi Aramco has signed a deal with Microsoft to deploy artificial intelligence across its oil and gas operations, aiming to improve efficiency while keeping data inside the Kingdom. The partnership signed on February 12 focuses on four areas: digital sovereignty, operational efficiency, building a local tech ecosystem, and developing AI solutions that could be sold globally.

MoFeb 142 min read

Aramco and Microsoft Partner on Industrial AI Deployment

LogisticsE-commerce

Saudi logistics tech startup Routech Express bags $1M pre seed round

Saudi logistics tech startup Routech Express has secured $1 million in pre seed funding led by Q Fund, aiming to expand its digital shipping platform across the Kingdom and beyond amid rising e-commerce demand, while reflecting broader regional trends in early stage startup investments.

RazaFeb 102 min read

Saudi logistics tech startup Routech Express bags $1M pre seed round

StartupsArtificial Intelligence

Saudi Startup Jazr.io raises $213K to automate F&B financial operations

Saudi startup Jazr.io secures $213K in pre seed funding to scale its AI powered accounting and inventory platform designed for restaurants and cafés across the Kingdom.

RazaFeb 102 min read

Saudi Startup Jazr.io raises $213K to automate F&B financial operations

FintechArtificial Intelligence

SiFi raises $20M series A to scale Saudi spend management platform

Saudi fintech Simplified Financial Solutions (SiFi) secures $20 million in Series A funding led by Ra’ed Ventures to scale its AI powered spend management platform, serving over 3,500 organizations across the Kingdom.

RazaFeb 102 min read

SiFi raises $20M series A to scale Saudi spend management platform

PropTech & Real EstateArtificial Intelligence

Saudi proptech startup Safqah Capital secures $15.2 million to support SME developers

Saudi fintech proptech Safqah Capital secures $15.2 million in a seed funding round led by Shorooq, aiming to expand Shariah compliant real estate financing solutions and scale its AI underwriting capabilities.

RazaFeb 92 min read

Saudi proptech startup Safqah Capital secures $15.2 million to support SME developers

FintechGulf Region

InvestSky raises $4M seed round and expands Into Saudi Arabia

UAE based fintech InvestSky enters Saudi Arabia after a $4 million seed round and CMA approval, partnering with anb Capital to expand social first retail investing across the Kingdom and the wider MENA region.

RazaFeb 92 min read

InvestSky raises $4M seed round and expands Into Saudi Arabia

Funding & VCB2B Marketplace

Saudi Trade Platform MUHIDE Closes Series A Backed by Asyad Group

Saudi Arabia's B2B trade platform MUHIDE has closed its Series A funding round with backing from Oman's Asyad Group to scale its digital commerce infrastructure.

MoFeb 72 min read

Funding & VCSeed Funding

Saudi Media Firm Mersal Capital Closes $1.3 Million First Round

Riyadh-based media and content company Mersal Capital has closed a $1.3 million first funding round to scale its digital media operations across Saudi Arabia.

MoFeb 72 min read

Funding & VCLogistics & Supply Chain

Saudi Fleet Startup VieroSaudi Fleet Startup Viero Raises $1.2 Million for Logistics Platform

Saudi Arabia's Viero has closed a $1.2 million seed round to scale its fleet management and logistics optimization platform across the Kingdom.

MoFeb 72 min read

Mobility & LogisticsLogistics & Supply Chain

Viero closes $1.2M seed round for regional expansion

Saudi logistics tech startup Viero secures $1.2M in seed funding led by Watheeq Capital and strategic investors to scale its unified fleet and logistics platform across MENA.

RazaFeb 32 min read

Viero closes $1.2M seed round for regional expansion

Digital BankingBNPL & Lending

Jarir receives SAMA approval to establish SAR 50 Million Micro-Consumer finance firm

Jarir secures preliminary SAMA approval to establish Rifd Integrated Co., a SAR 50 million micro-consumer finance company, partnering with Aman Egypt to expand financial services in Saudi Arabia.

RazaFeb 32 min read

Jarir receives SAMA approval to establish SAR 50 Million Micro-Consumer finance firm

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Artificial Intelligence78 Startup Ecosystem69 Gulf Region63 Seed Funding57 UAE49 Digital Transformation47 Series A+46 Corporate Innovation43 Fintech40 Venture Capital38 Events & Conferences35 Vision 203028