Led · Seed · Aug 2026

Founded in 2024 by Mohammed Almarshidi and Arif Alotaibi, Rime delivers an end-to-end Physical AI platform that connects onsite cameras and sensors to autonomous AI agents. The platform processes data and makes decisions on-site via edge computing and AIoT, enabling instant actions and responses without reliance on remote data centers. Rime reports it currently connects over 6,000 cameras across 2,000 operational sites for major retail and service chains in the GCC, positioning it as a rapidly growing Physical AI provider in the region. The company says its solution improves operational efficiency, enforces compliance, and reduces operational waste and unaccounted losses. With the newly raised Seed capital of more than $2 million, Rime plans to consolidate its Saudi footprint and accelerate product development and deployment capabilities. Prior to this round, Rime completed a Pre-Seed round also led by SEEDRA Ventures.

Participated · Series A · Jul 2026

Spare offers a unified API platform that enables businesses to connect to banks and financial institutions for account data access, identity verification, risk assessment, and account-to-account payments. Founded in 2019 by Dalal Alrayes and Sourabh Shah and based in Riyadh, the company connects to more than 35 financial institutions across the region. Spare raised $5 million in a pre-Series A round to scale its open banking infrastructure, expand API integrations, and accelerate product development. It plans to deploy the funds to expand operations across the GCC and broaden its commercial integrations. The recent financing was led by anb Seed Fund with participation from Vision Ventures, SEEDRA Ventures, 500 Global, Boubyan Ventures, and MEVP, strengthening its balance sheet for regional growth.

Participated · Seed · May 2026

Founded in 2025 by Adam Bataineh, Madeed develops a preventive health platform that leverages advanced laboratory data and artificial intelligence to identify early risk indicators for hundreds of diseases. The platform offers personalised health recommendations, customised health plans and nutritional supplements tailored to each subscriber. Madeed completed a pilot that attracted 150 subscribers, which the team cites as evidence of demand ahead of a wider launch. The startup raised a total of $925,000 in pre-seed funding from a mix of venture investors and Saudi angels. Proceeds are earmarked for product development and expansion of clinical and lab partnerships, beginning in Saudi Arabia. The company positions itself as the first platform of its kind in the Middle East focused on personalised preventative healthcare and longevity.

Participated · Seed · Apr 2026

Lola operates a cake ordering and customisation platform serving customers across Bahrain, Saudi Arabia, the UAE, Qatar and Kuwait. The company was founded in 2023 by Othman Janahi and has raised a $1.3M pre-seed in February 2025 and a $3M seed round led by Vision Ventures. Lola plans to build a central production facility in Dammam and roll out a network of cloud bakeries to improve quality and scale operations. It aims to expand beyond cakes into a broader gifting platform. The recent capital injection is intended to fund these operational and expansion initiatives.

Participated · Series A · Apr 2026

Signit began as a digital-signature provider and is expanding into a full contract lifecycle management platform for enterprises and government customers. The company is embedding AI into contract workflows to enable automated drafting, negotiation support, compliance tracking, and an intelligent contract assistant for real-time access to contract data. Signit holds a license from the Digital Government Authority and was founded in 2021. With the announced $15 million Series A, the company aims to consolidate pre- and post-signature contract processes into a single enterprise-grade system of record. The product roadmap also includes strengthening the certificate infrastructure that enables legally binding digital signatures.