Funded Artificial Intelligence Startups in Riyadh
Disclosed round sizes show a clear size outlier in this Riyadh AI set: Foodics raised $170M on 2022-04-20, which sits far above the next-largest disclosed…
Disclosed round sizes show a clear size outlier in this Riyadh AI set: Foodics raised $170M on 2022-04-20, which sits far above the next-largest disclosed amounts (Lean Technologies at $68M on 2024-11-11; Salasa at $30M on 2025-08-04 and Lucidya at $30M on 2025-07-14). Excluding “undisclosed” values, the list also includes multiple mid-to-high eight-figure rounds around the $40M–$50M band (HyperPay at $40M on 2022-05-26; Noon at $41M on 2023-11-02; Master Works at $40M on 2022-03-01), but none approach Foodics’ $170M.
Rounds concentrate in a narrow geography (all 21 rows list Riyadh, Ar Riyad, Saudi Arabia) and over time they span 2020-03-17 (Quant Data & Analytics, $1M) through 2026-05-09 (Gabster, $500K). Stage reporting is skewed toward named rounds: 2 entries are “Series Unknown” (Thakaa Med on 2025-05-01; Rewaa on 2022-05-02), while 2 entries are explicitly “undisclosed” ($0 shown) (Thakaa Med and Omniful), and the rest are disclosed with specific amounts.
Most recent rounds
21 shownRelated listings
Frequently asked
What’s the largest disclosed AI round in this Riyadh list, and how stark is the gap to the rest?
Foodics’ $170M on 2022-04-20 is the largest disclosed amount shown. The next-largest disclosed amounts are much lower: Lean Technologies at $68M (2024-11-11) and three separate $40M–$41M rounds (HyperPay $40M on 2022-05-26, Master Works $40M on 2022-03-01, Noon $41M on 2023-11-02).
Do the most recent rounds cluster in a short time window?
Yes. The 2025 cohort is dense: Wittify.ai ($2M on 2025-07-15), Lucidya ($30M on 2025-07-14), Salasa ($30M on 2025-08-04), and Darwinz AI ($330K on 2025-06-17) all fall between 2025-06-17 and 2025-08-04. Earlier clusters include 2022-03-29 (DailyMealz, $5M), 2022-04-20 (Foodics, $170M), and 2022-05-02 (Rewaa, $3M).
Are there stage-mix or classification patterns that repeat across companies?
Named stages dominate. Only two entries are labeled “Series Unknown” (Thakaa Med on 2025-05-01; Rewaa on 2022-05-02), and only two entries show “undisclosed” amounts (Thakaa Med 2025-05-01; Omniful 2023-12-01). Several “Series B” deals recur at the larger end, including Salasa ($30M, 2025-08-04), Lucidya ($30M, 2025-07-14), and Lean Technologies ($68M, 2024-11-11).
Which disclosed rounds sit in the $30M–$41M band, and what does that imply about mid/late-stage funding?
Multiple companies land in that band: Noon raised $41M (2023-11-02, Series B), HyperPay raised $40M (2022-05-26, Corporate Round), and Master Works raised $40M (2022-03-01, Private Equity), alongside Salasa ($30M, 2025-08-04, Series B) and Lucidya ($30M, 2025-07-14, Series B). This suggests late-stage/large disclosed checks are present even though the distribution has a single dominant outlier at $170M (Foodics).
What are the temporal edges in this dataset, and where do they land on stage/size?
The oldest row shown is 2020-03-17 (Quant Data & Analytics, $1M with a blank stage field), while the most recent is 2026-05-09 (Gabster, Pre-Seed, $500K). Between these edges, disclosed amounts range from $330K (Darwinz AI on 2025-06-17, Seed) up to $170M (Foodics on 2022-04-20), with the most concentrated large checks appearing in the 2022–2024 period around $40M–$68M deals.
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