Saudi Arabian hardware solutions startup, Zetta Technologies, has closed a $12 million investment round. The round was led by Core Vision Investment and Ab’aad Al-watan Investment and aims to support the company’s expansion plans and strengthen its presence in the Saudi market.
By the Numbers
The company’s innovative model is backed by a significant new investment:
- $12 Million: The total value of the new funding round.
- 4 Subscription Terms: The company’s DaaS model offers flexible terms of 12, 18, 24, or 36 months.
A ‘Device as a Service’ (DaaS) Model for the Kingdom
Zetta Technologies specializes in the Device as a Service (DaaS) model. This allows customers to pay a subscription fee to get access to global technology hardware and accompanying services through simple and flexible payment mechanisms. The model is designed to simplify the management of tech devices and enhance the efficiency of customers’ IT infrastructure, aligning with the digital transformation goals of Saudi Vision 2030.
How the Model Works
The company’s process for customers is straightforward:
- Choose a device and a suitable subscription period (12, 18, 24, or 36 months).
- Complete a quick registration process.
- Receive and activate the devices directly.
- Benefit from flexible monthly or quarterly payment options.
- At the end of the subscription, customers have the option to return the devices or renew their plan.
Looking Ahead
This new funding will enable Zetta Technologies to scale its unique offering across the Kingdom. By providing a more efficient and cost-effective way for businesses to manage their hardware needs, the company is well-positioned to become a key enabler of digital transformation for enterprises in Saudi Arabia.
Source: Jawlah
