Asas Secures $320,000 Pre-Seed Funding to Advance Resquad AI Development & Growth in Saudi Arabia

By James Dargan · 20 August 2024 · 1 min read

Asas Specialised Information Technology, the company behind Resquad AI, has secured SAR1.2 million in pre-seed funding from angel investors. This investment will support the company’s expansion and further development of its platform, which allows software development firms to share developers flexibly.

CEO Abdullah Abdulaziz Al-Jafaari underlined the company’s rapid growth and the trust from clients and investors as key drivers of their success. Lead investor Abdulrazzaq Mohammed Al-Ansari praised the team’s expertise and potential to scale. With this funding, Resquad AI aims to expand its impact across Saudi Arabia.

Featured image: Credit: Asas Specialised Information Technology

TopicsAI AI-driven platform Asas Specialised Information Technology capital markets funding Resquad AI

About the author

James Dargan

James Dargan is a writer and researcher at The AI Insider. His focus is on the AI startup ecosystem and he writes articles on the space that have a tone accessible to the average reader.

Asas Secures $320,000 Pre-Seed Funding to Advance Resquad AI Development & Growth in Saudi Arabia

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