Intelmatix Raises $20M in Series A Funding to Expand Decision Intelligence Technologies
Intelmatix is at the forefront of transforming decision-making processes through its robust AI-driven platforms.
Company Name: Intelmatix
Location: Riyadh, Saudi Arabia; with offices in London, UK, and Boston, MA
Sector: Deep Tech, Artificial Intelligence
Funding Details: Raised $20 million in Series A funding. The round was led by Shorooq Partners, with participation from Saudi Venture Capital Company, Saudi Technology Ventures, and Olayan Financing Company.
Purpose of Investment: The capital will be used to enhance operational capabilities, extend business reach throughout the MENA region and internationally, and continue developing cutting-edge decision intelligence technologies.
Leadership: Co-founded by MIT graduates Anas Alfaris, Almaha Almalki, and Ahmad Alabdulkareem. The team brings a wealth of expertise in developing AI solutions that harness actionable insights for enhanced decision-making in various industries.
Product and Innovation: Intelmatix specializes in providing advanced decision intelligence solutions that empower organizations to leverage deep insights for optimizing operations, enhancing productivity, driving growth, and bolstering sustainability initiatives.
About the Company: Intelmatix is at the forefront of transforming decision-making processes through its robust AI-driven platforms. By integrating state-of-the-art technology with real-world applications, the company aims to deliver substantial value to businesses by improving efficiency and facilitating sustainable growth strategies. With a strategic focus on expanding its footprint across global markets, Intelmatix continues to solidify its position as a leader in the AI sector.