- CQR Company Secures a $3 Million Investment Led by Shorouq Investment
- The Funding Boosts CQR’s Growth and Supports the Cybersecurity Sector in Local and Regional Markets
The emerging Saudi cybersecurity company, CQR, has secured a $3 million investment, with Shorooq Investment leading the deal.
This funding represents a vital strategic step to enhance the company’s position in both local and regional markets, coming at a time when cyber threats are on the rise globally—especially amid the rapid digital transformation experienced by many critical sectors.
Amid rapid technological advancements, protecting digital infrastructure has become one of the top priorities for organizations, particularly in sectors such as oil, gas, manufacturing, and power plants, as well as in smart cities that increasingly rely on advanced digital technologies.
This investment underscores the importance of providing CQR with the necessary support to expand its security services and enhance its technical capabilities for early detection of cyber threats and precise risk assessment.
CQR relies on an innovative approach that combines product-based technologies with artificial intelligence, enabling it to move beyond traditional models that primarily focused on delivering security services.
The company’s solutions are distinguished by their ability to activate automated response mechanisms, which help counter cyber attacks swiftly and effectively before they can cause significant damage to vital infrastructure.
This advanced approach represents a qualitative shift in the field of cybersecurity, offering continuous and scalable protection that keeps pace with evolving digital challenges.
In this context, Naser Aldossary, founder and CEO of CQR, stated: “Cyber threats in operational technology environments are evolving rapidly, and we are striving to re-engineer cybersecurity systems for industrial operations through innovative solutions that enhance system efficiency and adaptability to future challenges.
” His remarks underscore the company’s commitment to continuous innovation and its determination to provide security solutions that align with global technological developments, ultimately helping to protect organizations from the increasing risks posed by cyber threats.
On his part, Youssef Al-Babtain, partner at Shorooq Investment, expressed pride in investing in CQR, noting that this funding aligns with their vision of supporting transformative tech companies that place innovation at the core of their strategies.
He added, “The product-based approach adopted by CQR contributes to transforming the traditional cybersecurity industry into a more modern and streamlined model, making the protection of operational technologies more effective and accessible.
” Al-Babtain further emphasized that supporting startups in the cybersecurity field represents a crucial investment in the future of the digital economy, as safeguarding information systems is a fundamental pillar for business continuity and sustainability.
This investment is expected to bring about a significant transformation in the delivery of cybersecurity services in the Kingdom, driving innovation and the development of advanced technological solutions that enable organizations to face digital threats more effectively.
Moreover, the focus on using artificial intelligence in detection and response processes helps narrow the gap between cyber attacks and an institution’s ability to counter them swiftly, thereby enhancing overall resilience in the face of future risks.
It is noteworthy that this funding is part of the Kingdom’s broader efforts to bolster its status as a hub for technological and innovative investments, and to emphasize the importance of developing digital infrastructure in order to achieve the goals of Vision 2030.
The $3 million investment in CQR is not merely financial support—it is a firm commitment to raising cybersecurity standards and reinforcing trust in vital operational systems, contributing to the building of a secure and sustainable digital future both locally and internationally.
