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Intelmatix, based in Riyadh, Saudi Arabia with operations in London and Boston, develops the Enterprise Decision Intelligence Platform (EDIX), an accessible AI tool designed to enable enterprises to make faster, more accurate decisions without requiring specialized AI talent. The B2B SaaS platform democratizes AI for users from C-suite to frontline employees, addressing decision-making challenges across sectors like retail, logistics, manufacturing, and healthcare. Intelmatix has secured $20 million in Series A funding, led by Shorooq Partners, with participation from STV, Saudi Venture Capital Company (SVC), and Olayan Financing Company. As of 2024, the company serves 10 enterprise customers. Intelmatix was founded in 2021 by MIT graduates Ahmad Alabdulkareem, Almaha Almalki, and Anas Alfaris. Its business model centers on B2B SaaS model selling EDIX platform to enterprises, funded by $20M Series A venture capital.
Intelmatix has raised $20.0M across 1 funding round.
Intelmatix has raised $20.0M in total across 1 funding round.
Intelmatix has raised $20.0M in total across 1 funding round.
Intelmatix's investors include Shorooq Partners.
Intelmatix has raised $20.0M across 1 funding round. Most recently, it raised $20.0M Series A in July 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 30, 2024 | $20M Series A | Shorooq Partners | — | Announced |
