ASAS, a Saudi IT company, has closed an investment round valued at 1.2 million Saudi Riyals, led by a group of angel investors spearheaded by Abdulaziz Al-Ansari.
Founded in 2024 in Dammam, the company owns the “Resquad AI” platform, which helps software development companies flexibly exchange human resources. This platform allows the sharing of available developers between companies or with external clients.
Commenting on the investment round, Abdullah Al Jafari, CEO of ASAS, expressed his enthusiasm, saying: “We are extremely excited to gain the trust and support of our investors at this early stage. Our team has delivered remarkable results, with our growth doubling consistently over the past three months. This progress is a clear testament to the confidence our clients have placed in us and serves as strong evidence of our model’s success. This investment will enable us to maintain momentum and provide more value to our partners and clients.”
The company aims to use this funding to expand its reach across the Kingdom, focusing on supporting various digital transformation sectors. It also plans to develop its platform and enhance the value it offers to its growing network of partners.
