Dubai - Sharikat Mubasher: PLATMA, the artificial intelligence (AI) business automation platform, successfully closed a pre-seed funding round, securing $2.2 million at a valuation of $20 million to fuel its expansions in the Middle East and North Africa (MENA) market.

The round was led by a consortium of international investors led by the global venture fund Almaz Capital, with participation from Kazakhstan's EA Group, Uzbekistan’s Aloqa Ventures, and several other investors and angel backers, according to the company’s press release.

With offices in UAE, US, and Cyprus, PLATMA enables users without programming skills to create complex business processes simply by describing them in natural English. It leverages advanced natural language processing (NLP) algorithms and AI to transform user inputs into ready-to-use solutions.

Yaroslav Kologryvov, Co-Founder of PLATMA, said: “The MENA region is a strategic priority for PLATMA as businesses here increasingly seek innovative solutions for digital transformation. Our platform’s ability to convert natural language into functional business applications aligns with the region’s vision for technological advancement and economic diversification.”

Moreover, PLATMA will use the investments to advance its AI capabilities, addressing regional business needs.