With the successful completion of a pre-Series A investment round, Egyptian deep tech firm Intella has raised an astounding $3.4 million. This significant investment will be crucial to Intella’s growth in the Saudi market and to the creation of end-to-end AI models that are customised and meant for the MENA area.
The funding round was spearheaded by the unwavering support of Hala Ventures, the same investor that had previously backed Intella. Other notable participants included Wa’ed Ventures, Aramco’s venture capital arm, and Sanabil 500 and the INSEAD alumni angel network.
Founded in 2021 by Nour Altaher and Omar Mansour, Intella provides real-time, on-demand market research services to businesses in a range of industries.
Saudi Arabia’s rapidly developing technology sector “aligns seamlessly with our expansion strategy,” said Intella’s CEO and co-founder, Nour Taher.
With the recently obtained funds, Intella will be able to enter the Saudi market more easily and continue to promote the creation of end-to-end AI models tailored to the MENA area. In order to accommodate this growth, the company moved its main office from Cairo to Riyadh.