Saudi Logistics Startup Sirdab Raises $10 Mn to Expand Across GCC

The funding round was co-led by new investor Elm, a PIF-backed digital solutions company, and existing investor BECO Capital. Other investors include Y Combinator, COTU Ventures, and D Global Ventures.

Sirdab will use the new funding to expand its operations across Saudi Arabia and the GCC. The company also plans to grow its logistics network and improve its platform.

Sirdab will further develop its AI technology, which helps businesses find the right logistics capacity. The AI also automates daily coordination between shippers, warehouses, and carriers.

"Saudi Arabia is building one of the most dynamic logistics markets in the world, and businesses here have enormous room to grow," said Naif Alzahri, co-founder and CEO of Sirdab. "Sirdab gives them the infrastructure to grow on. We make quality capacity accessible in days, keep operations visible in real time and hold service to a consistent standard, so companies can expand into new cities and categories with confidence. This funding allows us to bring that to many more businesses across the Kingdom and the GCC."

Sirdab was founded in 2022 by Naif Alzahri and Abdulrahman Alnamlah. The company provides a technology platform that helps businesses manage their logistics operations.

Through one system, businesses can access and manage warehouses, transportation, inventory, and orders across different locations.

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