Saudi investment firm Falak Ventures, with support from the National Technology Development Program (NTDP), has launched the third edition of its Flagship accelerator with eight AI-focused startups.
Flagship 3 has been redesigned as an investment-backed program for companies whose products and business models are built around core artificial intelligence. The cohort covers construction safety, financial operations, workforce management, waste and circular economy, site monitoring, proptech, insurance technology and e-commerce.
The selected startups are ENOVA Safety, Qurk, Ajeer Pay, Lesser, EyeGo, Net Zero Build, MABIEN and Handi Hub. Their products include AI-based construction risk analysis, FinOps automation, temporary workforce management, smart waste infrastructure, real-time site intelligence, green building certification workflows, health insurance decision systems and unified e-commerce analytics.
According to the announcement, the companies will receive investment support, business development assistance, access to large companies and market opportunities, and investment-readiness support. The program will also include mentoring sessions, workshops, sector-focused meetings and investor engagements, leading to a Demo Day where the startups will present their products and growth plans to investors and partners.
Falak founder and CEO Adwa Al Dakheel said the firm aims to help the companies turn market opportunities into measurable growth over the coming months.
Source: Fintech Gate
