Intelmatix
ActiveAn enterprise AI decision-intelligence platform (EDIX) that gives businesses industry-specific AI agents for retail, logistics, supply chain, HR, and marketing decision-making.
Intelmatix is a deep-tech AI company founded by a group of MIT-affiliated technologists, headquartered in Riyadh with additional offices in London and Boston. It raised what was described as the largest Series A for an AI startup in MENA, and was named the region's top AI startup by Saudi Arabia's Minister of Communications & IT at LEAP 2025.
Founders
Funding Rounds
Lead: Shorooq Partners
Investors: Shorooq Partners, Olayan Financing Company, Rua Growth Fund, Saudi Technology Ventures (STV), Saudi Venture Capital Company (SVC), Sultan Holdings, Zain Ventures
Investors: Shorooq Partners, Olayan Financing Company, Rua Growth Fund, Saudi Technology Ventures (STV), Saudi Venture Capital Company (SVC), Sultan Holdings, Zain Ventures.
Lead: STV
Investors: STV, Sultan Holdings
Amount undisclosed. Arab News calls it the company's 'first investment round'; Wamda's 2024 Series A coverage retroactively calls it a seed round led by STV and Sultan Holdings. Round label not stated by the company at the time. Also: https://www.wamda.com/2021/08/saudi-ai-startup-intelmatix-secures-investment-stv-sultan-holdings https://www.arabnews.com/node/1905391/business-economy https://saudigazette.com.sa/article/609415/BUSINESS/AI-company-Intelmatix-closes-funding-round-led-by-STV-Sultan-Holdings Confidence: confirmed (round 13, The National).
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