The Venture Codex

Participated · Series A · Jul 2024

Intelmatix launched its enterprise AI platform, EDIX, in March 2024 to provide decision intelligence to businesses across MENA. EDIX is designed for rapid deployment and does not require an in-house AI team, using local contextual data to power recommendations. The startup is initially focused on retail, logistics and workforce sectors and has signed 10 enterprise customers to date. In a year-long pilot in food and beverage, EDIX improved demand-forecasting accuracy by 15%, cut wastage costs by 75%, reduced overtime by 25%, and predicted new-branch revenue with over 80% accuracy. Intelmatix plans to expand its suites to cover more decisions and functions, and to target medium and smaller businesses as well as public entities across the region. The company closed a $20M Series A to fund platform expansion and regional scaling.