- Newera.ai has announced the closure of a Pre-Seed funding round worth $2.133 million, led by Embark with participation from a group of angel investors.ز
- The funding aims to enable Newera.ai to expand its presence in the Saudi market and launch products that meet customer needs in line with the Kingdom’s digital transformation strategy.
Saudi-based Newera.ai has announced the closure of a Pre-Seed funding round worth SAR 8 million (equivalent to $2.133 million), led by Embark with participation from a group of angel investors.
The funding round aims to enable Newera.ai to expand its footprint in the Saudi market and accelerate the launch of AI-driven products tailored to customer needs, in line with the Kingdom’s digital transformation agenda.
Newera.ai specializes in delivering generative AI solutions for businesses.
The latest investment will support the company’s growth plans, strengthen research and development efforts, and enhance its product offerings within Saudi Arabia.
The funding will also help Newera.ai build strategic partnerships focused on driving digital transformation and integrating AI technologies across various sectors.
This round reinforces Newera.ai’s commitment to innovation and its vision to shape the future of AI in the Saudi market.
The company aims to empower organizations to improve efficiency, enhance team productivity, and accelerate innovation through advanced generative AI technologies — while ensuring compliance with local data regulations and maintaining the highest standards of data privacy and security through in-Kingdom data localization.
