9 months ago

Intelmatix Secures $20 Million Series A Funding for AI Platform

  • Saudi Arabia-based deep-tech AI startup Intelmatix has raised $20 million in a Series A funding round led by Shorooq Partners

  • The round saw participation from public and private institutions, including Saudi Venture Capital Company (SVC), Saudi Technology Ventures (STV), Olayan Financing Company, Sultan Holdings, Zain Ventures, and Rua Growth Fund

  • Intelmatix aims to bridge the region's AI gap with its Enterprise Decision Intelligence Platform (EDIX), which enhances AI cognition and enables autonomous business decision-making for enterprises

  • The company operates in Riyadh, London, and Boston, serving clients in retail, logistics, and telecommunications.

      • ProblemTechnology

      "Companies are struggling to adopt AI because of a lack of skilled workers and the high cost of developing their own AI solutions. "

      Solution

      "Intelmatix offers a platform that makes it easy for businesses to use AI without needing to hire expensive AI experts or build their own AI systems from scratch. "

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