Saudi Arabia-based InsurTech platform Najeeb.ai, which specializes in integrating artificial intelligence into the insurance sector, has successfully closed its Pre-Seed funding round. The investment saw participation from a group of local and regional angel investors.
Fuelling AI-Driven Product Development
The newly acquired capital will be strategically allocated to advance the company’s product development, focusing on its core AI-driven solutions. The funds will also be used to expand integrations with insurance companies and healthcare providers, while simultaneously enhancing operational readiness for a planned commercial expansion both locally and regionally.
Tackling Insurance Inefficiencies
Najeeb.ai offers a suite of technological solutions aimed at enhancing the efficiency and transparency of insurance operations. The platform’s key offerings include accelerating medical approval processes, detecting fraud in medical and vehicle claims, and analyzing clinical data to support better insurance decision-making. These tools are designed to optimize operational workflows for both insurance companies and their service provider partners.
About Najeeb.ai
Founded in 2023 by Ahmed Yasmina and Hammam Homsi, Najeeb.ai was established to align with the digital transformation goals of Saudi Vision 2030. The company aims to address key challenges in the auto and medical insurance sectors by leveraging artificial intelligence to create more efficient, transparent, and data-driven processes.
Source: Jawlah
