Intelmatix Raises $20M Series A Led by Shorooq to Scale AI Decision Intelligence
Saudi deeptech Intelmatix has closed a $20 million Series A led by Shorooq Partners, described as the largest AI Series A in MENA at the time. The round will expand its EDIX enterprise decision-intelligence platform. Investors include SVC, STV, Olayan Financing Company and
Founded in 2021 by MIT graduates led by Anas Alfaris, Intelmatix builds AI and advanced analytics for public and private sector organisations. Its flagship product, EDIX (Enterprise Decision Intelligence Platform), helps large organisations digitally transform and improve decision-making. The Series A was led by Shorooq Partners.
Additional investors included Saudi Venture Capital Company, Saudi Technology Ventures, Olayan Financing Company, Sultan Holdings, Zain Ventures and Rua Growth Fund. The company said it would use the funding to expand the platform's capabilities and reach across large and medium businesses and public entities in MENA.