SahmAlgo, a Saudi platform that focuses on financial analytics and AI-driven market insights, has closed a $1 million seed funding round. The round was led by Gharesah Investment.
The funding will help SahmAlgo speed up the development of its advanced AI tools for the Saudi market and the wider region.
The new funding will be used to improve SahmAlgo’s AI algorithms, expand its data resources, and make the platform more reliable to keep up with the fast-changing Saudi market. It will also help launch new products for brokers and asset managers.
The investment will support hiring new talent and strengthening the company’s compliance and governance systems.
SahmAlgo wants to provide clear and smart financial insights using a set of tools. These include short-term price predictions, technical stock analysis, financial news tracking, and the Algo Radar for monitoring the market in real time.
All these features are available through a single platform that is easy to use for both individual (retail) and professional (institutional) investors.
SahmAlgo is owned by Al-Khwarizmi Information Technology Company and is registered in Saudi Arabia. It is licensed by the Saudi Exchange (Tadawul) to publish financial information. The company was founded in 2022 by Yasser Farha and started commercially after joining the MVPLab program.
Since its launch, SahmAlgo has focused on creating a platform that helps both everyday investors and professional users make smarter trading decisions.
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