{"id":63155,"date":"2026-04-20T11:25:17","date_gmt":"2026-04-20T08:25:17","guid":{"rendered":"https:\/\/entarabi.com\/?p=63155"},"modified":"2026-04-20T12:18:21","modified_gmt":"2026-04-20T09:18:21","slug":"signit-closes-a-15-million-series-a-round-to-lead-the-ai-driven-transformation-of-contract-management-in-saudi-arabia","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2026\/04\/signit-closes-a-15-million-series-a-round-to-lead-the-ai-driven-transformation-of-contract-management-in-saudi-arabia\/","title":{"rendered":"Signit closes a $15 million Series A round to lead the AI-driven transformation of contract management in Saudi Arabia"},"content":{"rendered":"\n<ul class=\"wp-block-list\">\n<li>Signit has announced the closing of a Series A funding round to support the AI-powered contract management sector in the Kingdom<\/li>\n\n\n\n<li>The round was led by Raed Ventures, with participation from STV, Seedra Ventures, Takamol Ventures, and Suhail Ventures<\/li>\n\n\n\n<li>Through this funding, Signit is expanding beyond e-signatures to include AI-powered Contract Lifecycle Management (CLM), enabling organizations to draft, negotiate, track, and manage contracts from a single secure platform with a high level of security<\/li>\n<\/ul>\n\n\n\n<p dir=\"ltr\">Signit, a Saudi Technology company providing digital signatures and AI-powered contract management, today announced it has raised $15 million in Series A funding to expand its platform across Saudi Arabia. <\/p>\n\n\n\n<p dir=\"ltr\">The company is licensed as a Trust Service Provider by the Saudi Digital Government Authority.<\/p>\n\n\n\n<p dir=\"ltr\">The round was led by Raed Ventures, with participation from STV, Seedra Ventures, Takamol Ventures, and Suhail Ventures.<\/p>\n\n\n\n<p dir=\"ltr\">Founded in 2021,\u00a0Signit is the platform organizations use to create, sign, and manage agreements digitally \u2014 from legally binding digital signatures to full contract lifecycle management. The company serves over 700 customers across government, financial services, healthcare, and enterprise sectors in Saudi Arabia.<\/p>\n\n\n\n<p dir=\"ltr\">With Series A funding,&nbsp;<strong>Signit<\/strong> is expanding beyond e-signature into AI-powered Contract Lifecycle Management (CLM) \u2014 giving organizations the ability to draft, negotiate, track, and manage contracts in one secure enterprise-grade platform, using AI.<\/p>\n\n\n\n<p dir=\"ltr\">Mohamed El Abbouri, Co-Founder and CEO of\u00a0Signit said: <\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p dir=\"ltr\">&#8220;We started with digital signatures because that\u2019s where the market was. But signing is just one step in a contract\u2019s life&#8221;. <\/p>\n<\/blockquote>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p dir=\"ltr\">&#8220;What comes before and after the signature is where organizations lose the most time and money&#8221;.<\/p>\n<\/blockquote>\n\n\n\n<p dir=\"ltr\">This funding lets us build the full picture: a single platform where a contract is created, negotiated, approved, signed, and managed \u2014 all compliant, all built for how business actually works here.<\/p>\n\n\n\n<p dir=\"ltr\">The funding will be used to expand&nbsp;<strong>Signit\u2019s<\/strong> contract management platform with AI-powered drafting, negotiation, and compliance capabilities, build an intelligent contract assistant that gives employees one place to find and act on contract information, and strengthen the certificate infrastructure that makes every digital signature legally binding.<\/p>\n\n\n\n<p dir=\"ltr\">Omar Almajdouie, Founding Partner at Raed Ventures said:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p dir=\"ltr\">\u201cSignit has already built a strong e-signature business, serving more than 700 customers across government and enterprise\u201d.<\/p>\n<\/blockquote>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p dir=\"ltr\">\u00a0\u201cWe led this round because we believe Signit can define the next phase of this market. AI-powered contract management is a much bigger opportunity, and the company has the speed, focus, and team to lead it.\u201d<\/p>\n<\/blockquote>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p dir=\"ltr\">\u201cWe believe AI will fundamentally reshape how contracts are created, negotiated, and managed ,Signit is applying AI at the right layer, not as a feature but as a core part of the product, which positions them well to lead the next generation of contract management platforms.\u201d<\/p>\n<\/blockquote>\n\n\n\n<p dir=\"ltr\">\u00a0Dr. Mazin Alzaidi, General Partner at STV said<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p dir=\"ltr\">\u201cWe believe AI will fundamentally reshape how contracts are created, negotiated, and managed,\u201cSignit is applying AI at the right layer, not as a feature but as a core part of the product, which positions them well to lead the next generation of contract management platforms.\u201d<\/p>\n<\/blockquote>\n\n\n\n<p dir=\"ltr\">Signit extends its sincere appreciation to the\u00a0Digital Government Authority\u00a0for its pivotal role in enabling the adoption of digital trust services across the Kingdom.<\/p>\n\n\n\n<p dir=\"ltr\"> DGA has been a key foundation in Signit\u2019s journey, supporting the secure and scalable use of digital signatures across government and enterprise sectors, and reinforcing trust in digital transactions.<\/p>\n\n\n\n<p dir=\"ltr\">Signit also expresses its appreciation to the\u00a0Ministry of Communications and Information Technology for its continued efforts in advancing the Kingdom\u2019s digital economy and fostering a strong innovation ecosystem, particularly as Saudi Arabia marks 2026 as the Year of AI.<\/p>\n\n\n\n<p dir=\"ltr\">With this funding, Signit is positioned to become the default contract platform for enterprise and government in Saudi Arabia.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-left\">About Signit\u00a0<\/h2>\n\n\n\n<p dir=\"ltr\">Signit is a Saudi AI-first company licensed by the Digital Government Authority.<\/p>\n\n\n\n<p dir=\"ltr\"> Signit delivers secure, compliant digital trust solutions \u2014 including digital signatures and AI-powered contract management \u2014 enabling organizations to work faster and more securely in full alignment with Saudi regulations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Signit, a Saudi Technology company providing digital signatures and AI-powered contract management, today announced it has raised $15 million in Series A funding to expand its platform across Saudi Arabia. The company is licensed as a Trust Service Provider by the Saudi Digital Government Authority. The round was led by Raed Ventures, with participation from [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":63147,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[8850,8566],"tags":[9840,12179,4028,12178,3168,7529],"class_list":["post-63155","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-venture","category-ai","tag-digital-government-authority","tag-mohamed-el-abbouri","tag-seedra-ventures","tag-signit","tag-stv","tag-takamol-ventures"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/63155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=63155"}],"version-history":[{"count":1,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/63155\/revisions"}],"predecessor-version":[{"id":63158,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/63155\/revisions\/63158"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/63147"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=63155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=63155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=63155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}