- Gulf Business Technologies (GBT) Announces Closing of SAR 5 Million Pre-Seed Funding Round
- The round saw participation fromAl-Zamil Group and a group of angel investors, supporting GBT’s expansion plans in the telecommunications and information technology sector across Saudi Arabia
GulfBoost Technology (GBT) has announced the closing of its Pre-Seed investment round, raising SAR 5 million.
The round attracted strategic investors, led by Abdulaziz bin Abdullah Al-Zamil & Sons Investment Company, along with several angel investors and investment companies.
The round was managed by SHORE Advisory Services.
GBT leads transformation in the geospatial data (GIS) sector through its subsidiaries, Penta-KSA and Penta-Labs. Penta-KSA provides No-Code software suites designed to make spatial data accessible to non-specialists, empowering decision-makers to break down data silos and maximize ROI.
Meanwhile, Penta-Labs serves as the deep-tech innovation arm, developing specialized solutions powered by GeoAI and Digital Twins for smart cities.
Commenting on the round, Yousef AlNafjan, Founder and President of GBT, said:
“We are proud of our partners’ trust, This round accelerates our growth trajectory”.
He add:
“Our mission is transforming complex spatial data into smart, user-friendly solutions that support decision-makers in national digital transformation projects.”
Walid Nassar, Managing Director of SHORE Advisory Services, added:
“Our bet on GBT stems from its robust business model and its ability to fill a real gap in the Deep Tech and spatial data market, a vital sector for the Kingdom’s digital economy.”
The company plans to utilize the proceeds to strengthen its infrastructure and expand its team, with a primary focus on launching a new generation of GeoAI products through its innovation arm, Penta-Labs, to deliver proactive solutions that meet the evolving needs of the Saudi market.
Saudi Arabia’s geospatial analytics market is experiencing rapid growth, valued at approximately $1.5 billion in 2025 and projected to reach $2.5 billion by 2030, reflecting a CAGR exceeding 10%.
This expansion is driven by Vision 2030 initiatives, smart city programs, and government-led digital transformation, alongside giga-projects such as NEOM, Qiddiya, and the Red Sea Development that demand advanced spatial analytics and digital twin solutions.
