a year ago

Resquad AI Secures $320K Pre-Seed Funding to Boost Platform Development

  • Asas Specialised Information Technology, the parent company of Resquad AI, has successfully closed a SAR 1.2 million pre-seed funding round, equivalent to $320,000, led by angel investor Abdulrazzaq Mohammed Al-Ansari

  • The funding will accelerate the growth of Resquad AI, which helps software development companies share resources efficiently

  • The investment is seen as a strong validation of Resquad AI's business model and its potential to transform the software development industry.

      • ProblemTechnology

      "Software development companies often face challenges in efficiently managing their developer resources, leading to inefficiencies in project management, high costs, and delays due to the fluctuating demand for specialized skills."

      Solution

      "Resquad AI offers a platform where software development companies can share their available developers with each other or external clients, allowing for flexible resource allocation, reduced costs, and faster project completion by matching demand with supply in real-time."

      Covered on