FundedIQ

Recently Funded Artificial Intelligence Startups in Riyadh

Updated Oct 2026

FundedIQ tracks 21 funded Artificial Intelligence startups in Riyadh, with their funding rounds, amounts, investors, industries, locations and company details. This page provides an overview of the Artificial Intelligence startup funding landscape in Riyadh, along with the 21 most recently funded Artificial Intelligence startups in Riyadh.

The median disclosed round is $3.1M, with the middle half of rounds falling between $1.1M and $30M. Artificial Intelligence startups in Riyadh closed 9 funding rounds over the last 24 months, 1 of them in the last 12 months, and raised $136M in disclosed capital.

Riyadh AI ventures lean toward mid-sized teams. Institutional capital from Saudi Venture Capital and STV dominates these deals. This concentration of sovereign and regional backing creates a high barrier for entry. Those targeting these firms find a market where strategic alignment with national goals outweighs a simple product fit.

Artificial Intelligence funded startup statistics in Riyadh

Funded Artificial Intelligence startups in Riyadh
21
tracked in the database
Funding rounds, last 12 months
1
9 over 24 months
Disclosed capital raised, 24 months
$136M
8 of 9 rounds disclosed an amount
Median round size
$3.1M
middle half $1.1M to $30M

Most recent funding round on record: May 2026.

21 most recently funded Artificial Intelligence startups in Riyadh

21 shown

Ordered by the date of the latest funding round. Each row gives the company, its location and industry, what it does, the stage and date of that round, and the disclosed amount.

G
Riyadh, Saudi Arabia · Artificial Intelligence (AI)
Gabster is an AI powered customer engagement and business communication platform that helps organizations…
Pre-Seed ·
$500k
S
Riyadh, Saudi Arabia · Artificial Intelligence (AI)
Salasa is a logistics firm that specializes in providing commerce fulfillment services to assist contemporary…
Series B ·
$30M
W
Riyadh, Saudi Arabia · Artificial Intelligence (AI)
Wittify.ai is creating the most sophisticated conversational AI platform with Arabic as the primary language.
Pre-Seed ·
$1.5M
L
Riyadh, Saudi Arabia · Artificial Intelligence (AI)
Lucidya is a business-to-business software as a service company that was established in 2016 and is based in…
Series B ·
$30M
D
Riyadh, Saudi Arabia · Artificial Intelligence (AI)
Darwinz AI is a technology firm that focuses on implementing advanced AI solutions and data analytics to…
Seed ·
$330k
T
Thakaa Med
Riyadh, Saudi Arabia · Artificial Intelligence (AI)
Thakaa Med is a prominent healthcare innovator that utilizes AI technology. Their goal is to transform…
Series Unknown ·
Undisclosed
R
Riyadh, Saudi Arabia · Artificial Intelligence (AI)
RasMal provides a complete system for efficiently managing your capitalization table, gaining insight into…
Seed ·
$4.8M
L
Riyadh, Saudi Arabia · Artificial Intelligence (AI)
Lean is a fintech platform providing a universal API that unlocks critical infrastructure across the MENA…
Series B ·
$68M
I
Riyadh, Saudi Arabia · Artificial Intelligence (AI)
Intelmatix is a sophisticated AI company that offers a variety of services to help solve industry challenges…
Series A ·
$20M
H
Riyadh, Saudi Arabia · Artificial Intelligence (AI)
Hakbah, a startup in the Fintech industry, is dedicated to providing an innovative approach to financial…
Series A ·
$5.2M
O
Riyadh, Saudi Arabia · Artificial Intelligence (AI)
Retail-tech SaaS
Seed ·
Undisclosed
N
Riyadh, Saudi Arabia · Artificial Intelligence (AI)
Noon is a social learning platform making learning a more joyful, collaborative, and innovative experience.…
Series B ·
$41M
E
Riyadh, Saudi Arabia · Artificial Intelligence (AI)
Hire at enterprise scale without enterprise complexity. Since 2019, Elevatus has been rigorously implementing…
Series A ·
$11M
H
Riyadh, Saudi Arabia · Artificial Intelligence (AI)
Payment Gateway, PSP, Online Payment, Fintech
Corporate Round ·
$40M
R
Riyadh, Saudi Arabia · Artificial Intelligence (AI)
Rewaa was founded to make penetrating through the e-commerce industry easier for retailers with minimal…
Venture - Series Unknown ·
$3.0M
F
Riyadh, Saudi Arabia · Artificial Intelligence (AI)
Foodics offers a cloud-based all-in-one restaurant management system on an iPad in English and Arabic. With…
Series C ·
$170M
D
Riyadh, Saudi Arabia · Artificial Intelligence (AI)
DailyMealz is a healthy food subscription app, delivers fresh, healthy, and tasty meals. The company was…
Seed ·
$5.3M
M
Riyadh, Saudi Arabia · Artificial Intelligence (AI)
Master Works offers business intelligence, data management, performance management, data strategy, software…
Private Equity ·
$40M
M
Riyadh, Saudi Arabia · Artificial Intelligence (AI)
Mozn is the market leader in building and deploying bespoke AI solutions in the region, and developing Arabic…
Series A ·
$10M
G
Riyadh, Saudi Arabia · Artificial Intelligence (AI)
An online ticket exchange and resale platform , anyone can buy and sell sports and entertainment and concerts…
Pre-Seed ·
$800k
Q
Riyadh, Saudi Arabia · Artificial Intelligence (AI)
As data became excessive and abundant, Quant was established as a Saudi consultancy company to provide…
·
$1.2M

Funding stages of funded Artificial Intelligence startups in Riyadh

How the last 24 months of funding rounds for funded Artificial Intelligence startups in Riyadh break down by stage.

Stage
Rounds, last 24 months

A further 2 rounds in this period were announced without a stage label and are not ranked above.

About the FundedIQ Artificial Intelligence startup funding data in Riyadh

FundedIQ tracks announced startup funding rounds and organises them by company, funding date, stage, amount, industry, location and investor. The dataset is refreshed weekly, and new rounds are normalised and de-duplicated before they are published, so the same round reported twice on different dates is recorded once.

Figures on this page cover the 21 funded Artificial Intelligence startups in Riyadh currently tracked. Round counts, capital totals and the median round are computed over a trailing 24 months. Rounds whose amount was not disclosed (1 of 9 in that period) are counted as rounds but excluded from capital totals and from the median. The most recent round on record for funded Artificial Intelligence startups in Riyadh is dated May 2026.

The table above shows the 21 most recently funded companies. Full funding histories, investor lists and founder contacts across the whole dataset open on a FundedIQ plan.

Frequently asked questions

How many funded Artificial Intelligence startups are there in Riyadh?

FundedIQ tracks 21 funded Artificial Intelligence startups in Riyadh. This page lists the 21 most recently funded of them, ordered by the date of their latest round, and the full set is available on a FundedIQ plan.

How much funding have Artificial Intelligence startups in Riyadh raised?

Artificial Intelligence startups in Riyadh tracked by FundedIQ have raised $136M in disclosed capital across 9 funding rounds over the last 24 months, including 1 rounds in the last 12 months. 8 of those 9 rounds disclosed an amount; undisclosed rounds are excluded from the capital total.

What is a typical funding round size for Artificial Intelligence startups in Riyadh?

The median disclosed round over the last 24 months is $3.1M, and the middle half of rounds fall between $1.1M and $30M. Round sizes vary widely by stage, so the seed and later-stage bands sit well either side of that figure.

What is the most common funding stage for Artificial Intelligence startups in Riyadh?

Series B is the most common labelled stage, with 3 rounds in the last 24 months, ahead of Pre-Seed (2) and Seed (2). A further 2 rounds were announced without a stage label and are not counted here.

How often is the Artificial Intelligence startup funding data in Riyadh updated?

The dataset is refreshed weekly. New rounds are normalised and de-duplicated before they are published, and the most recent round currently on record for funded Artificial Intelligence startups in Riyadh is dated May 2026. Counts and totals on this page are recomputed on every refresh.

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