Saudi AI startup QPioneers raises its first funding round from Q Fund, the investment arm of Qewam Holding, as it looks to scale AI powered solutions.
Saudi Arabia based AI startup QPioneers has closed its first institutional funding round with backing from Q Fund, the venture investment arm of Qewam Holding, marking the Saudi-founded company’s first external capital injection as it expands its AI-powered platform for business operations. The financial terms of the deal were not disclosed.
Founded in 2024 by Hisham Al Mamlouk and Adel Alsaadi, QPioneers is building a Startup Operating System or “Startup OS” that integrates collaboration tools, operational workflow automation and real-time analytics into a single AI-assisted workspace for growth-stage teams. The company’s technology aims to help startups and fast-moving enterprises streamline operations and derive strategic insights from data.
The funding round comes amid a period of intensifying activity in Saudi Arabia’s tech and AI sectors, where venture capital investment has risen sharply in recent years. According to data from MAGNiTT, Saudi Arabia’s startup ecosystem recorded a compound annual growth rate (CAGR) of roughly 49% in venture funding between 2020 and 2024, making the Kingdom one of the leading markets in the MENA region for startup investment.
Overall startup funding in Saudi Arabia has jumped from modest levels a few years ago to billions of dollars annually, with startup investment reported to have reached more than $3.3 billion (approximately 12 billion SAR) over a decade, backing roughly 200 homegrown startups as reported by Saudi Press Agency These figures reflect just part of a broader surge: other ecosystem data suggests total early-stage technology investment climbed from about $65 million in 2018 to around $1.4 billion in 2023, representing roughly a 21 fold increase over five years.
The Kingdom’s strategic focus on artificial intelligence also extends to state-backed initiatives and major funding vehicles. Saudi Arabia is planning a $40 billion AI investment fund, and its broader AI market is projected to reach more than $9 billion by 2030, supported by partnerships with global technology firms to build infrastructure and talent.
Local and regional venture capital firms such as STV, RAED Ventures and IMPACT46 are increasingly active in Saudi Arabia, and public programs like the National Technology Development Program provide grants and co-investment opportunities for startups including international founders looking to scale into the Kingdom.
QPioneers’ backer, Q Fund, targets technology-driven solutions that enhance operational efficiency and enable scalable growth. By securing this initial round, QPioneers joins a wave of Saudi AI-focused startups building commercial products, including platforms in machine learning, automation, and deep tech. The capital is expected to accelerate product development, talent acquisition and commercial traction across domestic markets and beyond.
Saudi Arabia’s broader startup ecosystem has seen a rise in larger venture deals as well, including notable rounds such as Zension Technologies’ $30 million Series A led by Wa’ed Ventures earlier in 2025, and substantial global AI commitments like the roughly $900 million investment into Luma AI, driven by Saudi-linked capital.
For QPioneers, this early institutional support comes as the Kingdom continues its push under Vision 2030 to diversify its economy, foster innovation and position Saudi Arabia as a regional AI and technology hub. The deal also underscores the maturation of local venture capital, where domestic funds are increasingly deploying capital into early-stage enterprise technology with regional and global aspirations.
