What is Intelmatix?
Intelmatix is a pioneering deep-tech AI company based in Saudi Arabia, dedicated to making artificial intelligence and advanced analytics accessible. The company addresses critical sector challenges by developing tailored solutions and unique products designed to enhance operations, foster growth, and promote sustainability for both governmental bodies and commercial enterprises. Their expertise lies in leveraging AI to drive efficiency and innovation across various industries.
How much funding has Intelmatix raised?
Intelmatix has raised a total of $20M across 1 funding round:
Series A
$20M
Series A (2024): $20M with participation from Shorooq Partners, Zain-Ventures, and Sultan Holdings
Key Investors in Intelmatix
Shorooq Partners
Shorooq Partners is a prominent MENA-based alternative investments manager specializing in venture capital and private credit, known for backing visionary founders across diverse sectors with investment and management expertise.
Zain-Ventures
Zain Ventures is a global investment firm with a diversified portfolio, focusing on startups, real estate, and other asset classes, actively seeking strategic investments, particularly in the PropTech sector.
Sultan Holdings
Sultan Holdings is a long-standing private family-owned property investment and development company with a specialization in commercial, retail, tourism, and residential properties, and a significant presence in car parking facilities.
What's next for Intelmatix?
The recent major strategic investment signifies a pivotal moment for Intelmatix, likely enabling accelerated product development, market expansion, and further research into accessible AI and advanced analytics. This substantial backing positions the company for significant scaling and reinforces its role as a key player in the deep-tech AI landscape, particularly within the MENA region and potentially on a global scale.
See full Intelmatix company page
