Intella, a MENA-based deep tech company specializing in AI and voice technology, closed a $3.4 million Pre-Series A funding round.
SaaS Investors
The round was led by HALA Ventures and Wa’ed Ventures, with participation from Sanabil500 and INSEAD's alumni angel network, along with other investors.
Founded in 2018, Hala Ventures is a venture capital firm that empowers tech startups in early growth stages. Founded in 2018 and based in Al-Khobar, Kingdom of Saudi Arabia.
Wa’ed Ventures is Aramco’s venture capital fund designed to support the start-up ecosystem in Saudi Arabia by investing in local tech-based start-ups and localizing pioneering global innovations. Founded in 2013, and headquartered in Dhahran, Saudi Arabia.
Intella Use of Funds
The funding will support Intella’s expansion into the Saudi market and support the development of end-to-end AI models localized for the MENA region.
About Intella
Founded in 2021 by Nour Altaher and Omar Mansour, Intella is a visibility and insights provider that delivers intelligence to businesses in real-time. It offers a wide range of products in the areas of voice transcribing, data mining, and AI-powered insight capturing. The company empowers its clients to make bolder moves by delivering real-time insights to cater to today’s on-demand economy. Intella's mission is to bridge the gap between the Arab-speaking world and AI advancements, ensuring the region's relevance in global technological trends.
Funding Details
Company: Intella
Raised: $3.4M
Round: Pre-Series A
Funding Month: October 2023
Lead Investors: HALA Ventures and Wa’ed Ventures
Additional Investors: Sanabil500 and INSEAD's alumni angel network
Company Website: http://intellaworld.com/
Software Category: Real-time Intelligence and Market Research
Source: https://www.businesswire.com/news/home/20231003669069/en/