Saudi-based artificial intelligence startup Newera.ai has successfully closed a $2.1 million (SAR 8M) pre-seed funding round. The investment was led by Embark and included participation from a group of angel investors, marking a significant step in the company’s mission to advance generative AI adoption across the Kingdom.
Fueling Local Expansion and R&D
The newly acquired capital is earmarked for strategic growth initiatives within Saudi Arabia. Newera.ai plans to enhance its research and development capabilities, expand its local team, and launch new products specifically designed to meet the demands of the Saudi market. The funding will also support the formation of strategic partnerships to accelerate digital transformation across various sectors, from finance to logistics.
Enterprise-Focused AI Solutions
Founded in 2023, Newera.ai specializes in developing generative AI solutions that empower enterprises to increase productivity, improve team collaboration, and fast-track innovation. The company’s platform is designed to become an integral daily tool for businesses navigating their digital transformation journeys.
A key pillar of Newera.ai’s strategy is its commitment to data localization. By ensuring all operations comply with Saudi regulations and that client data remains within the Kingdom, the startup aims to build a foundation of trust and security with its enterprise customers.
Aligning with Vision 2030
Newera.ai’s mission is closely aligned with the objectives of Saudi Arabia’s Vision 2030, which prioritizes digital transformation and the widespread adoption of artificial intelligence. By providing advanced AI tools like automation and predictive analytics, the company aims to help Saudi businesses gain a competitive edge and contribute to the nation’s economic diversification goals.
About Newera.ai
Newera.ai is a Saudi Arabian technology startup founded in 2023. The company specializes in creating generative AI solutions tailored for enterprises, focusing on enhancing efficiency, supporting team collaboration, and accelerating innovation. It is committed to data localization and aligning its growth with Saudi Arabia’s Vision 2030.
Source: Waya
