Riyadh - Exclusive Sharikat Mubasher: Ambersand, a Saudi compliance technology company, successfully secured over SAR 1.5 million in a pre-seed investment round to solidify its operations in the Saudi market, Co-founder and CEO Abdullah Albarrak revealed in an interview with Sharikat Mubasher.

Speaking on the sidelines of Biban 2025, Albarrak stated that Ambersand was established to meet the Saudi market’s need for seamless solutions and systems that accelerate compliance automation.

He highlighted that Ambersand’s competitive edge relies on three factors: artificial intelligence (AI), its user-friendly platform, and the integration of all national regulations into one intelligent system.

The CEO noted that the company participated and won at the MVPlab initiative, a program launched by the National Technology Development Program (NTDP) to support and enable innovative technology entrepreneurs to develop their projects, accelerate growth, and launch technology business models.

Ambersand is a next-generation Governance, Risk, and Compliance (GRC) platform that simplifies regulatory compliance and empowers organizations with clarity, control, and confidence. Its AI-powered GRC system centralizes regulations, automates compliance workflows, and simplifies evidence tracking for faster, smarter, and more auditable governance.

Biban 2025 took place in Riyadh from 5 to 8 November, gathering startup founders, investors, global CEOs, policymakers, and thought leaders. It welcomed over 200 local and global speakers and 1,000 exhibitors from 150 countries to spark strategic partnerships, unveil new agreements, and create financing, training, and advisory solutions to accelerate the growth of startups and SMEs.