ITHCA Group
KOM-5, H58C+R72, Muscat, Oman
Overview
ITHCA Group is essential in ensuring that investments are made with the support of the technologies of the fourth industrial revolution in mind, as well as with the infrastructure required to make this happen. ITHCA Group committed to a strategic partnership with Onsor Technologies and Oracle to develop a comprehensive cloud services infrastructure.
- Total investments
- 5
- Lead investments
- 3
- Investments · 12mo
- 3
- Active investors
- 2
Sector focus
- Consulting
- Information Services
- Information Technology
Investment portfolio
- eMushrif
Participated · Equity · Jan 2026
Founded in 2017 by Adnan Alshuaili, Issa Alshuaili and Awadh Al Shukaili, eMushrif offers an integrated hardware-and-software platform that brings real-time visibility, safety monitoring and route optimization to school bus fleets. The company’s AI- and IoT-enabled system serves more than 120,000 students across public and private schools in Oman and Kuwait, working closely with both government bodies and private operators. By combining vehicle-mounted sensors, student check-in hardware and cloud dashboards, eMushrif gives parents, schools and regulators up-to-the-minute data on bus location and student safety. In 2021, the company expanded its product footprint through the acquisition of Egypt-based transport tracking app Tareeqi. With fresh capital, eMushrif plans to scale into Saudi Arabia and the UAE while continuing to invest in product development and operational capabilities in its core markets. The firm positions itself within a multi-billion-dollar global market for student transportation safety and compliance technologies.
- Movandi
Led · Equity · Oct 2025
Movandi is a connectivity‐focused semiconductor and systems company whose portfolio spans RF chipsets, beamforming silicon, phased-array antennas, and software-defined networking. Its technology underpins high-throughput, low-power, and intelligently steered wireless links for 5G networks, fixed wireless access, and non-terrestrial (LEO satellite) communications. With more than 115 issued patents, the firm has already deployed mmWave solutions that improve the economics and performance of commercial 5G roll-outs. The company now aims to translate this edge into satellite broadband and hybrid fixed-wireless deployments, addressing range, cost and latency constraints faced by operators. Future plans include opening an Oman office to tap regional talent and co-develop solutions aligned with Oman’s Vision 2040 initiative. Headquartered in Irvine, California, Movandi positions itself as a bridge between Silicon Valley innovation and Middle-East market expansion. The latest capital injection strengthens its ability to scale production, broaden its product roadmap, and pursue global market entry opportunities.
- Rihal
Led · Series A · Sep 2025
Rihal is a fast-growing technology and data solutions provider founded in 2019 and headquartered in Muscat, Oman. The company builds enterprise SaaS platforms and AI-powered products that help organizations simplify data management, automate processes, and extract advanced analytics. Its proprietary offerings include Jadawal, Eysal, Hassad, and Iqraa. Rihal serves clients across key Gulf sectors such as government, logistics, telecom, and oil and gas. Management plans to leverage the newly raised capital to accelerate regional expansion, enhance its SaaS infrastructure, and deepen its AI and data capabilities. The first close of its Series A will provide additional runway to scale its platforms for a broader regional customer base.
- ZabonEx
Participated · Seed · Jul 2025
ZabonEx offers a predictive analytics platform tailored to food and beverage producers, distributors, and retailers, enabling real-time, customer-level demand forecasting to optimize inventory and product distribution. The company’s core product aims to reduce F&B waste and promote eco-friendly, sustainable practices through actionable predictions. ZabonEx plans to use the new funding to enhance its prediction engine, expand its technical team, and build a bespoke onboarding toolkit to integrate with Oman’s complex food supply chain stakeholders. Founded in 2024 by Hatim Moosa and Mohannad Al Balushi, the startup is headquartered in Muscat, Oman. Financially, ZabonEx completed a $100K pre-seed raise in July 2025 to support product and team development.
- Lumotive
Led · Series B · Jul 2025
Lumotive pioneers programmable optics with its patented Light Control Metasurface (LCM™) platform, which turns photonics into a digital, software‑defined solution for sensing, switching, and communication. Its LCM technology is powering compact, solid‑state LiDAR and intelligent perception systems for autonomy, robotics, manufacturing, and smart infrastructure. The company says it holds more than 200 patents and is gaining commercial traction. Recent investments are intended to accelerate product deployments in industrial applications and expand its global market presence. Lumotive positions its semiconductor beamforming chips as a replacement for bulky mechanical optical components, enabling compact, software‑defined sensing for factories, robots, and logistics networks. Headquartered in Redmond, Washington, Lumotive is backed by a broad investor base that the company says will support scaling and commercialization efforts. Lumotive develops programmable optical semiconductors built around its patented light control metasurface (LCM™) chip, a software-defined photonic beamforming solid-state technology. The company says its technology improves perception, increases computing power, and enables reliable high-speed communication across multiple industries. Lumotive highlights applications including 3D sensing and AI computing. Led by CEO Sam Heidari, the company plans to accelerate sales growth of its LCM technology. Lumotive has identified three strategic areas for investment: global market expansion, data center AI infrastructure, and aerospace and defense. Lumotive develops Light Control Metasurface (LCM™) beam‑steering optical semiconductors that enable 3D sensing and software‑defined lidar. Its patented beam‑steering technology is intended to provide advanced perception capabilities for consumer, mobility, and industrial markets. Led by CEO Dr. Sam Heidari and based in Seattle, WA, the company produces optical semiconductor devices and chips. Lumotive raised $13M in a strategic funding round led by Samsung Ventures with participation from new investors USAA and Uniquest. The company will use the proceeds to accelerate development and customer delivery of optical semiconductor devices that enable next‑generation lidar sensors. The new investment brings the company’s total capital raised to more than $56M to date. Lumotive has developed a metamaterials-based lidar system that enables electronic beam steering to improve responsiveness, targeted illumination, and sensitivity compared with mechanically steered systems. The company’s chips are silicon-based, designed for fabrication with standard processes, and operate with ubiquitous 905nm lasers; devices can be sized or shaped for different platforms. In normal sweep mode the system can offer roughly a 20Hz frame rate with a 120×25° field of view and about 1000×256 resolution, while concentrating beam time on small regions for higher temporal and spatial fidelity. Lumotive emerged from Intellectual Ventures’ incubator and holds an exclusive license to IV’s metamaterials IP; its team includes CEO and co‑founder Bill Colleran. The product is currently in prototype but is showable as Lumotive pursues partnerships with automotive and tech firms. Financially, the company has run on a 2017 seed round funded by Bill Gates and Intellectual Ventures and is now seeking additional investment.