Newera.ai, a startup based in Saudi Arabia, has raised $2.1 million (around SAR 8 million) in early-stage funding. The company works on generative AI solutions for businesses, and this funding will help it grow and expand its services across Saudi Arabia.
The funding round was led by Embark, along with support from several angel investors.
Newera.ai will use this money to grow its AI solutions in Saudi Arabia, improve its research and development work, and launch products made especially for the Saudi market.
Newera.ai was started in 2023. It builds generative AI tools specially made for businesses.
These tools help companies work faster, improve teamwork, and bring new ideas quickly. The company presents its technology as a daily AI helper for organisations that are moving towards digital transformation.
A key part of Newera.ai’s plan is to keep all customer data stored inside Saudi Arabia. This helps the company follow local rules and keep customer information safe.
The company believes that following regulations and protecting data is very important to gain trust from business customers.
In the coming time, Newera.ai plans to build stronger partnerships with local companies and connect its AI tools easily with the systems already used by businesses in areas like finance, logistics, and operations.
The funding will also be used to create advanced AI tools such as automation, prediction-based analysis, and customised solutions for companies, supporting Saudi Arabia’s Vision 2030 goals.
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