Riyadh – Sharikat Mubasher: Saudi-based startup DEEP.SA announced the successful closure of its SAR 4.5 million (approx. $1.2 million) pre-seed funding round, with participation from TAM and RAED Ventures.

As part of the new funding round, the company is partnering with TAM to co-develop AI-powered solutions for government entities, aiming to enhance efficiency and reduce public spending through digital transformation, as per the company’s announcement on LinkedIn.

Meanwhile, support from RAED Ventures is expected to bolster DEEP.SA’s efforts to build scalable, deep-tech products with potential impact on both the local and global markets.

The funding marks a significant step forward for DEEP.SA as it seeks to position itself as a key player in the Kingdom’s growing AI ecosystem.

Founded with a mission to develop deep technologies, DEEP.SA focuses on building artificial intelligence solutions tailored for both public and private sectors.