Led · Seed · Aug 2026

Majestic Mind Games develops games that are designed to be both entertaining and mentally engaging, aiming to deliver positive real-world value through play. The studio was founded by Lujain Albukhari and Majed Anbar. It is backed by NEOM and recently closed a $1.45 million seed round co-led by Merak Capital and Impact46. The funding provides early-stage capital to support the company's growth as a newly founded game studio. Coverage identifies the company as based in Jeddah. No public operating metrics or prior funding rounds were disclosed in the articles.

Led · Seed · Jul 2026

Ash Games Studio, founded in 2022, develops action-adventure and top-down roguelite games rooted in Saudi stories, history and traditions. Its debut/commercial release was Azooma Escape, a comedic stealth adventure released in August 2025, which the team is considering adapting for mobile if controls allow. The studio revealed a trailer for its second title, Nomad: The Legend of Zarqa, a top-down action roguelite based on ancient Arabian folklore featuring a protagonist whose arrows can be guided mid-flight. Led by founders Anas Bakhsh, Yaser Alahmadi, and Saud Bakolka, the team aims to build story-driven, culturally authentic games that can compete with leading independent studios globally. The company recently raised $1.5 million in seed funding co-led by Merak Capital (Merak Gaming Fund) and Impact46 to support its ongoing projects and growth plans.

Led · Series A · Feb 2026

Founded in 2021 and headquartered in Riyadh, Saudi Arabia, CASHIN delivers a fintech platform purpose-built for the energy sector, integrating pumps, tanks, payments, and ancillary services into a single AI-powered dashboard. The software gives fuel-station operators real-time visibility into sales, inventory, and maintenance needs while automating compliance and payment workflows. Major clients include Saudi Aramco, Total, and Gulf, and strategic partners span STC, Al Rajhi Bank, SNB, and SABB. By centralizing data across the value chain, the company aims to improve operational governance and enable data-driven decision making. Looking ahead, CASHIN plans to expand its network of fuel-station customers across Saudi Arabia, boost its AI and advanced analytics capabilities, and deepen integrations with regulators, suppliers, vehicle operators, and banking institutions. The recent funding gives it additional capital to pursue these expansion initiatives.

Led · Equity · Dec 2025

Founded in 2019 by Boris Kalmykov and Ekaterina Bazhanova, Hypemasters builds competitive, mid-core strategy games for mobile and PC platforms. Its flagship game, World War Armies, anchors a portfolio that has attracted more than 7 million players worldwide. The studio operates across the United States, Europe and the Middle East, with its primary development centre located in Abu Dhabi. Current efforts include a new strategy title that is already in soft launch, alongside several other projects in the pipeline. Management emphasizes “competitive depth and precise game design” to meet the expectations of committed strategy players. Looking ahead, the company plans to deepen its regional presence and release the next generation of high-quality strategy games. Financially, Hypemasters has just secured an additional $1 million to fund expansion and product development, underscoring investor confidence in its growth trajectory.

Led · Series A · Dec 2025

COGNNA delivers AI-led Cybersecurity as a Service through its "Nexus" platform, which blends AI, automation, and human expertise to offer proactive, predictive protection for enterprises and SMEs. The platform claims 200% faster threat detection and resolution, up to 50% lower security-operations costs, and enterprise-ready deployment in under 30 minutes. Branded as an “Agentic SOC,” Nexus is designed not just to respond to attacks but to anticipate them in real time. The leadership team comprises seasoned cybersecurity specialists from Fortune 500 companies and global technology firms. With new funding, COGNNA intends to advance its AI automation R&D, scale product, sales, and operations, and hire additional engineering and SOC talent. The company also plans to expand beyond the MENA region into global markets, positioning itself to compete internationally in the rapidly growing cybersecurity sector.