Saudi AI startup DEEP.SA secures $1.2m Pre-Seed
Deeptech startup targets digital transformation in Saudi Arabia's public sector
#SaudiArabia #funding - Saudi AI startup DEEP.SA has closed a SAR 4.5 million ($1.2 million) pre-seed funding round with participation from digital solutions services company TAM and Riyadh-based venture capital firm RAED Ventures. The funding will accelerate development of AI-powered solutions for government entities, with particular focus on reducing public spending and enhancing operational efficiency. DEEP.SA’s GraphI knowledge graph platform, transforms complex data relationships into actionable insights for government sector decision-making.
SO WHAT? - Despite media reports on the lack of venture capital funding for Middle East AI startups, DEEP.SA’s Pre-Seed funding round is the latest in a series of $1+ million venture capital deals announced during the past 30 days. All four successful funding rounds have been for ventures from Saudi Arabia, proving that the Kingdom now has the ecosystem, the talent and the funding to produce viable AI startups.
Here are some key details about DEEP.SA and the funding:
DEEP.SA secured SAR 4.5 million ($1.2 million) in Pre-Seed funding from digital solutions services company TAM and Riyadh-based venture capital firm RAED Ventures to advance AI development for government applications and platforms.
The startup has partnered with publicly listed Saudi company TAM to co-develop AI-powered solutions targeting government entities, focusing on digital transformation initiatives that reduce public spending and improve operational efficiency.
DEEP.SA's flagship GraphI AI-powered knowledge graph converts complex data relationships into actionable insights specifically designed for government decision-making.
The company also develops AI agents and AI engines for both business-to-consumer (B2C) and business-to-government (B2G) markets, including the KADI virtual assistant.
RAED Ventures' investment will support DEEP.SA's ambitions to build scalable deeptech products with potential impact across local and global markets beyond the initial government focus.
The funding round is the fourth AI startup VC deal to be announced during the past thirty days. Previous announcements were: Lucidya’s record $30 million Series B round, Wittify.ai’s $1.5 million Pre-Seed funding for Arabic AI, and AI voice startup Sawt’s SAR 3.75 million ($1m) pre-Seed funding round.
ZOOM OUT - Saudi Arabia’s startup ecosystem has undergone massive change over the past few years and government efforts to create startup platforms, forge technology partnerships and increase the availability of venture capital begin to pay off. It’s no surprise that supporting AI startups has been made a priority, and new ventures today launch into a vibrant market that is actively looking for new AI solutions. Nevertheless, the AI startup ecosystem remains in its early stages and, with continued government support, it has the potential to produce many more AI startups.
[Written and edited with the assistance of AI]
Read more about recent Saudi AI startup funding rounds:
Saudi AI voice startup Sawt raises $1 million funding (Middle East AI News)
Wittify.ai raises $1.5M Pre-Seed funding for Arabic AI (Middle East AI News)
Lucidya raises $30M in Saudi Arabia's biggest AI round (Middle East AI News)
Riyadh-based Darwinz AI secures $325k Seed round (Middle East AI News)
TruBuild raises $1 million Seed Round (Middle East AI News)